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USDINR

USDINR trading range for the day is 74.69-75.27.

USDINR gained IMF cuts India's GDP forecast for FY22 to 9% from 9.5%

The Federal Reserve decided on March rate hikes that pushed up U.S. Treasury yields and the dollar

Support also seen amid concerns over a faster pace of Federal Reserve policy tightening and rising tensions in Ukraine.

EURINR

EURINR trading range for the day is 84.14-85.78.

Euro traded in range after weaker-than-expected PMI data showed the Eurozone business activity growth slowed to an 11-month low.

Strong factory output growth helped by easing supply bottlenecks pushed activity in Germany's manufacturing sector to a five-month high in January

The Ifo Business Climate indicator for Germany rose to 95.7 in January 2022, recovering from a ten-month low of 94.8 touched in December

GBPINR

GBPINR trading range for the day is 100.55-101.71.

GBP traded in range as investors digested PMI data showing Britain's private sector growth slowed to an 11-month low.

BOE needs to lean against inflation pressures and stop expectations of higher price growth from getting entrenched in medium-term wage and pricing decisions

Investors see a high chance that the Bank of England will raise rates again next week

JPYINR

JPYINR trading range for the day is 65.59-66.03.

JPY ended with small losses amid escalating worries about both a potential military conflict in Ukraine and a faster pace of Federal Reserve policy tightening.

The Japanese central bank decided to maintain its ultra-loose monetary policy last week, as widely expected.

The manufacturing sector in Japan continued to expand in January, and at a faster rate, with a manufacturing PMI score of 54.6.

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