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USDINR

USDINR trading range for the day is 73.04-73.24.

USDINR dropped as Reserve Bank of India is seen holding rates at record lows but its stance on liquidity will be closely watched

Indian services industry improved in January; job cuts continued

India's April-December fiscal deficit tops 145% of full year target

EURINR

EURINR trading range for the day is 87.58-88.68.

Euro struggled as concerns about extended lockdowns dampened sentiment towards the single currency.

Due to the restrictions related to Covid-19, the euro area economy contracted in the fourth quarter after bouncing back in the preceding three months

Data showed retail sales in Germany, plunged by more than forecast in December

GBPINR

GBPINR trading range for the day is 99.61-100.09.

GBP dropped as UK manufacturing sector growth slowed in January reflecting a slight fall in new orders

However downside seen limited amid a faster pace of vaccinations in Britain and the scope for a faster economic recovery would boost the currency this year

Speculators reduced their net long position on the pound against the dollar in the week, CFTC data showed.

JPYINR

JPYINR trading range for the day is 69.56-69.82.

JPY dropped as dollar benefited from a massive bout of short-covering, where hedge funds had racked up their biggest short bets against dollar since October 2016

BOJ wants to make policy sustainable and nimble - Wakatabe

Warns it will take 'considerable' time to hit 2% inflation

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