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USDINR

USDINR trading range for the day is 74.39-75.03.

USDINR gained supported by high global crude oil prices and concerns over the U.S. Federal Reserve hinting at unwinding its massive stimulus.

Fiscal deficit for April-May at just over 8% of budget estimate

India current account gap widens more than estimated on trade

EURINR

EURINR trading range for the day is 88.17-89.07.

Euro remained steady amid hopes of a solid economic recovery in Europe due to a rapid pace of vaccination.

Euro zone inflation eased this month, levelling off for the summer months before an expected move well above the European Central Bank's target

Consumer price growth has accelerated this year but mostly on one-off factors

GBPINR

GBPINR trading range for the day is 102.77-103.35.

GBP dropped after Bank of England Governor Andrew Bailey warned against over-reaction to rising inflation in Britain.

Bailey said in his annual Mansion House speech that it was important to ensure that the recovery was not undermined by a premature tightening in monetary conditions

Britain’s factories extended their post-lockdown recovery in June and ramped up hiring, but they also faced record inflation pressures

JPYINR

JPYINR trading range for the day is 66.91-67.37.

JPY dropped as dollar seen supported ahead of a key U.S. jobs report that should offer clues on when the Federal Reserve will start to pare back stimulus.

Japan business mood at 2.5-year high as COVID hit eases –Tankan

The U.S. currency rose as high as 111.165 yen for the first time since March 26, 2020, before easing back slightly to 111.055.

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