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USDINR

USDINR trading range for the day is 72.93-73.45.

USDINR recovered from lows with investors waiting for Fed policy meeting minutes to gauge its stance on interest rates in the wake of rising inflation concerns.

Earlier in the day, prices decreased to a 7-week low amid signs that India's second wave of coronavirus infections is slowing, hopes of a global economic recovery.

The Reserve Bank of India said in its May bulletin that the ferocity of the second wave has overwhelmed India

EURINR

EURINR trading range for the day is 89.19-89.69.

Euro steadied as countries in Europe continued their reopening efforts, with France and Austria allowing non-essential business to reopen starting from May 19thv

The euro zone economy declined by 0.6% in the first quarter of 2021

Euro zone recession confirmed at start of 2021

GBPINR

GBPINR trading range for the day is 103.46-104.04.

GBP remained in range after data showed a doubling of consumer price inflation in Britain in April.v

The Bank of England expects UK inflation to climb above the 2% level this year, before falling to its target by the middle of 2023.

Speculators are net long on the pound, having increased their net long position, CFTC data showed.

JPYINR

JPYINR trading range for the day is 66.92-67.3.

JPY remained in range as concerns over the country’s pandemic-induced economic slump weighed on investor sentiment.

Japan's gross domestic product contracted an annualized 5.1 percent in the first quarter of 2021, the Cabinet Office said in preliminary report.

Japan's tertiary activity rose for the first time in four months in March, data from the Ministry of Economy, Trade and Industry showed.

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