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USDINR

USDINR trading range for the day is 76.07-76.59.

USDINR dropped on hopes for talks that Russia and Ukraine will resume later in the week to resolve the conflict in Ukraine.

India’s GDP grew at a slower 5.4% during the September-December period of 2021 while its inflation rose for the fifth consecutive month

India says no plans for now to buy Russian oil in rupees

EURINR

EURINR trading range for the day is 83.72-84.8.

Euro steadied as investors monitored talks between Ukraine and Russia

The GfK consumer confidence for Germany fell sharply due to the war in Ukraine and rising inflation.

The odds are rising the ECB will raise interest rates faster this year to curb inflation, with money markets pricing four quarter-point hikes in 2022

GBPINR

GBPINR trading range for the day is 99.45-100.75.

GBP dropped after Bank of England governor Andrew Bailey reiterated the central bank's cautious message from the mid-March policy decision.

BoE's Bailey sees clear risk of inflation sticking at high level

BoE's Bailey warns energy shock is larger than any year in 1970s

JPYINR

JPYINR trading range for the day is 61.6-62.34.

JPY recovered on short covering after the Bank of Japan moved to contain rising bond yields

Minutes from the Bank of Japan's March meeting showed policymakers stressing the need to keep monetary policy ultra-loose

Japan's central bank bought a little more than $500 million in bonds and has vowed three more days of unlimited purchases

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