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USDINR

USDINR trading range for the day is 74-75.56.

USDINR dropped as investors remained concerned about the negative impact of rising COVID cases on India's growth outlook

RBI held interest rates at record-low levels and pledged to maintain its accommodative monetary policy

The RBI announced a secondary market government securities acquisition programme

EURINR

EURINR trading range for the day is 87.85-89.67.

Euro recovered from lows due to weakness in Rupee and German industrial orders rose for the second month in a row in February driven by strong domestic demand

The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again

ECB's Knot says if the central bank's baseline forecasts hold up, the ECB can start phasing out PEPP from Q3 and end purchases in March 2022

GBPINR

GBPINR trading range for the day is 101.98-103.44.

GBP dropped on profit booking after prices rallied supported by the prospect of a quicker economic recovery in the UK.

Prime Minister Boris Johnson confirmed a planned re-opening of the economy would take place next week.

The UK service sector logged a strong rebound in March as activity, new orders and employment picked up from February

JPYINR

JPYINR trading range for the day is 67.43-69.11.

JPY gains amid continuing easy monetary policy both domestically and abroad.

Japan's current account surplus narrowed to JPY 2916.9 billion in February of 2021

Japan's leading index increased to the highest level in nearly three years in February

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