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USDINR

USDINR trading range for the day is 74.63-75.29.

USDINR dropped with risk sentiment on the rise as economic data point to a global economic recovery ahead of Fed meeting

Investors tried to focus on the prospect of a global economic recovery, even as concerns over a deepening COVID-19 crisis in India mounted.

Domestic rating agency ICRA cut its 2021-22 growth estimate by 0.5 per cent on the upper end

EURINR

EURINR trading range for the day is 89.98-91.26.

Euro remained under pressure after the ECB Lagarde said the near term outlook for the euro area economy remained clouded with high uncertainty

Lagarde said that although inflation has picked up over recent months due to temporary factors, underlying price pressures remain subdued

ECB's Panetta: we must maintain stimulus until inflation hits 2%

GBPINR

GBPINR trading range for the day is 103.73-104.47.

GBP remained under pressure amid firmness in rupee, though some support seen amid hopes of a strong economic recovery in the UK

Britain's unemployment rate fell for a second month in a row to 4.9% while employment levels declined less than forecast.

Net speculative long positions on sterling slipped marginally, CFTC data showed.

JPYINRvv

JPYINR trading range for the day is 68.86-69.7.

JPY dropped on profit booking after BoJ holds rates and revised lower 2021 inflation forecastb

BOJ keeps yield targets unchanged as widely expected

BOJ cuts inflation forecast for current fiscal year

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