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USDINR

USDINR trading range for the day is 72.66-73.13.

USDINR dropped after OECD forecasts India to grow fastest among OECD members, raises projection to 12.6% for FY22.

The country’s growth outlook was boosted to 12.6 percent, the fastest among OECD members, from 7.9 percent.

Investors hoped for a quicker economic recovery helped by the COVID-19 vaccination rollout and a growth-focused federal budget.

EURINR

EURINR trading range for the day is 86.64-87.48.

Euro traded in range after the European Central Bank pledged to ramp up its asset purchases in a bid to keep borrowing costs low.

ECB policymakers agree on bond purchase target, differ on yield level aim

Euro zone bond yields drop as ECB says will raise PEPP buying

GBPINR

GBPINR trading range for the day is 101.18-102.04.

GBP remained in range as investors digested mixed economic data showing the UK monthly GDP contracted less than forecast, manufacturing output declined

Investors remained focused on hopes that Britain's relatively successful COVID-19 vaccine programme would support its economic recovery.

Bank of England's governor cautiously optimistic about the recovery.

JPYINR

JPYINR trading range for the day is 66.69-67.23.

JPY dropped on bets of a strong post-pandemic recovery in the US after the US Congress passed a US$1.9 trillion relief package

Japanese Finance Minister Aso says US stimulus package impact on global economy will be monitored

Bank of Japan plans to scrap 6-trillion Yen ETF purchase goal

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