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USDINR

USDINR trading range for the day is 74.05-74.45.

USDINR remained in range after RBI announced new loan-relief measures for small businesses and pledged to inject INR 500 billion of liquidity

RBI Governor Das says forex reserves of USD 588 billion give us the confidence to deal with global spillovers.

The IHS Markit India Services PMI declined to 54.0 in April of 2021 from 54.6 in the previous month

EURINR

EURINR trading range for the day is 88.91-89.53.v

Euro settled flat as the Eurozone manufacturing activity logged a record expansion in April

Driven by rising market confidence, manufacturing output and new orders remained close to March's survey records.

Germany's retail sales grew at a much faster pace in March, data from Destatis showed.

GBPINR

GBPINR trading range for the day is 102.97-103.49.

GBP gained as UK manufacturing sector grew at the fastest pace on record in April underpinned by production and new orders

Support also seen amid signs the UK economy is rebounding from the pandemic, helped by the country's gradual reopening of its economy

The BoE is expected to announce tapering, or a reduction in the pace of its bond purchases at its meeting.b

JPYINR

JPYINR trading range for the day is 67.78-68.09.

JPY settled flat as the dollar tried to extend a rally as chatter about the possibility of higher U.S. interest rates soured risk sentiment to the benefit of the safe-haven currency.

The au Jibun Bank Japan Manufacturing PMI rose to 53.6 in April, the 3rd straight month of growth and the strongest since April 2018

While the consumer confidence index decreased by 1.4 points from the previous month to 34.7.

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