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USDINR

USDINR trading range for the day is 72.86-73.16.

USDINR dropped after FM Sitharaman said the government is closely monitoring its fiscal deficit, which is estimated to spike to as high as 9.5% of GDP in FY21

India's April-December fiscal deficit tops 145% of full year target

Traders grew wary about the prospects for the greenback against the backdrop of a large U.S. fiscal stimulus package.

EURINR

EURINR trading range for the day is 87.94-88.68.

Euro gained after data showed German exports rose in December

Europe's "lagging" vaccination program will cap the euro near-term but the continent should catch up by the summer.

Euro zone citizens are mostly unhappy about the European Central Bank's cheap money policy

GBPINR

GBPINR trading range for the day is 100.34-100.7.

GBP remained supported boosted by heightened risk appetite in global markets, optimism surrounding the UK's COVID-19 vaccine rollout

The Bank of England (BoE) reported the findings of its consultation with banks about the feasibility of implementing negative rates last week.

Banks told the BoE that they would need at least six months to work out how to respond to negative rates

JPYINR

JPYINR trading range for the day is 69.19-70.15.

JPY gains as dollar remained under pressure as investors began entertaining doubts about the scale of a recent rally driven by expectations of a faster pandemic recovery

The US Senate has passed the US President Joe Biden administration's stimulus plan to quickly overcome the pandemic impact.

A measure of the public assessment of the Japanese economy decreased for the third month in a row in January

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