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USDINR

USDINR trading range for the day is 72.92-74.12.

USDINR dropped as a revival in India's economic activity should continue "unabated" despite a recent surge in coronavirus infections

Fitch raises India's FY22 GDP growth projection to 12.8% from 11%

India's inflation is at "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said.

EURINR

EURINR trading range for the day is 85.82-86.82.

Euro dropped amid concerns about a surge in COVID-19 cases across Europe and the negative impact of vaccine delays on economic recovery.

EU leaders insisted on the need to urgently accelerate the vaccination campaigns and agreed to keep restrictions in place for the time being

Eurozone economic confidence improved in March with a magnitude of growth that was fastest since last summer's steep recovery

GBPINR

GBPINR trading range for the day is 100.56-101.86

GBP dropped amid concerns over new coronavirus variants that could threat the country's vaccine rollout.

BoE's Vlieghe says economy may need more help even with swift rebound

UK mortgage borrowing increased in February to the highest level since 2016

JPYINR

JPYINR trading range for the day is 65.98-67.2.

JPY dropped as a sustained rise in long term bond yields and prospects of further massive US stimulus measures later this week drove dollar higher.

Preliminary data showed that industrial production dropped by 2.1% on-month in February, following a 4.3% gain a month earlier.

The unemployment rate held steady at 2.9% mom in February, slightly below estimates; while retail trade fell 1.5% yoy.

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