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USDINR

USDINR trading range for the day is 72.64-73.28.

USDINR dropped as India’s central bank said the economy had not moderated as much as it did during the first wave of the coronavirus

Economic growth prospects now essentially depend on how fast India can arrest its second wave of infections

The central bank, in the report, once again pegged a 10.5% growth for India's economy for the 2021-22 financial year.

EURINR

EURINR trading range for the day is 88.19-89.61.

Euro dropped as dollar found support from a sense that the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy

ECB has plenty of time to map out its exit from its pandemic asset purchase programme, and could be more flexible about its buying after that

German consumer confidence rises less than expected

GBPINR

GBPINR trading range for the day is 102.35-104.2.

GBP remained under pressure after UK worried about bond markets turning against government in 2020

Britain commenced the third stage of its reopening last week, allowing indoor dining in pubs and restaurants.

Economic indicators such as retail sales are looking up, as are surveys of purchasing managers across industries and employment measures.

JPYINR

JPYINR trading range for the day is 66.56-67.24.

JPY remained under pressure as after Tokyo Governor Yuriko Koike called on the Japanese government to extend its COVID-19 state of emergency

Japan cuts economic view in May on spending downgrade

BoJ's Suzuki: Small JGB moves caused investors to leave market and clarifying the yield range was important for market function

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