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USDINR

USDINR trading range for the day is 76.1-76.64.

USDINR settled flat amid high crude oil prices and sustained dollar demand by the importers and the banks.

India's merchandise exports cross record $400 billion in FY22

Fitch slashes FY23 India growth forecast to 8.5% on higher energy prices, inflation

EURINR

EURINR trading range for the day is 83.47-84.69.

Euro dropped as business activity across Germany's private sector dipped in March as output price inflation hit a new record high

The S&P Global Germany Services PMI edged down to 55 in March of 2022 from 55.8 in February, much better than market forecasts

The IHS Markit France Services PMI rose to 57.4 in March of 2022 from 55.5 in February and well above market expectations

GBPINR

GBPINR trading range for the day is 100.17-101.31.

GBP dropped after the Office for Budget Responsibility said net tax cuts announced offset only a sixth of the tax rises

Rishi Sunak announced a 6-billion pound tax cut for workers, slashed fuel duty and signaled a future reduction in income tax.

Data showed consumer prices in the UK jumped 6.2% from a year earlier in February, the highest since March 1992

JPYINR

JPYINR trading range for the day is 62.46-63.42.

JPY dropped as investors grappled with higher oil prices given Japan’s heavy reliance on foreign energy and ballooning import costs.

The au Jibun Bank Japan Manufacturing PMI increased to 53.2 in March 2022 from a final 52.7 which was the lowest point since last September

The au Jibun Bank Japan Flash Services PMI was up to 48.7 in March 2022 from 44.2 in the prior month

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