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USDINR

USDINR trading range for the day is 72.54-73.14.

USDINR recovered following the government's decision to further increase its market borrowing but sharper losses were prevented.

The benchmark 10-year bond yield was trading at 6.02% after touching 6.03% earlier and 2 basis points above its close on Friday.

India's federal government will borrow 1.58 trillion rupees ($22 billion) from the market to compensate the country's states for a shortfall in tax receipts this fiscal year, it said.

EURINR

EURINR trading range for the day is 88.54-89.14.

Euro remained supported amid prospects of a strong economic recovery and as the coronavirus vaccination campaign continues.

France's 2021 public deficit likely to be 9.4%, Finance Minister says

A batch of fresh economic data to be released including Eurozone and Germany inflation and unemployment will provide an update on the recovery.

GBPINR

GBPINR trading range for the day is 102.98-103.62.

GBP seen supported lifted by Bank of England comments on rate hike timing.

BOE’s Haldane has warned there is a chance that cost pressures faced by British companies lead to high prices that become embedded in pay demands

BoE Vlieghe: It would most likely take until Q1 of 2022 to have a good picture of post-furlough jobs and salary conditions

JPYINR

JPYINR trading range for the day is 66.2-66.68.

JPY seen supported as Japan's industrial output extended gains in April

Japan's economy is likely to recover, although the level of economic activity, mainly in the face-to-face services sector

The Japanese government extended the COVID-19 state of emergency in by three weeks to June 20.

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