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USDINR

USDINR trading range for the day is 73.33-73.95.

USDINR dropped after softer-than-expected U.S. inflation figures tempered immediate expectations about Federal Reserve tapering.

India's trade deficit was revised lower to USD 13.81 billion in August of 2021, from a preliminary estimate of USD 13.87 billion.

Several Fed officials have suggested the U.S. central bank could reduce its buying of debt securities by the end of the year

EURINR

EURINR trading range for the day is 86.83-87.33.

Euro dropped due to growing risk aversion as rising COVID-19 infections could force some countries to reintroduce restrictions of some sort.

Ifo institute sees German inflation slowing to 2-2.5% in 2022

ECB decided to move to “a moderately lower pace” in its €1.85 trillion PEPP from the €80 billion a month level

GBPINR

GBPINR trading range for the day is 101.41-102.21.

GBP seen some pressure amid concerns about slowing global growth due to coronavirus outbreaks kit risk appetite.

British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could act sooner to hike rates.

The BoE expects inflation to rise sharply this year and hit a peak of 4%.

JPYINR

JPYINR trading range for the day is 67.11-67.59

JPY gains on hopes of a new government and a fresh economic stimulus.

JPY continues to benefit from his safe-haven appeal amid worries over a slowdown in global growth as coronavirus cases continue to rise

Japan's machinery orders rebound in sign of capex recovery

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