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USDINR

USDINR trading range for the day is 82.4-82.76

Rupee firmed as the broader market sentiment improved following the rescue of crisis-hit banks in the United States and Europe

India's trade deficit shrank in Jan and Feb, prompting economists to lower CAD forecasts further for FY23, FY24

India's foreign exchange reserves fell to $560 billion as of March 10, from $562.40 billion a week earlier

EURINR

EURINR trading range for the day is 87.58-88.3

Euro dropped as concerns over a widespread banking crisis faded after authorities and banks in the US and Europe stepped in to support troubled lenders

Euro zone inflation eased a touch in February but underlying price growth continued to accelerate on a surge in services costs

ECB policymakers said the Euro Area banking sector was resilient and that they were monitoring current market tensions closely

GBPINR

GBPINR trading range for the day is 99.93-100.65

GBP rose as fears of a banking crisis in the US eased after a group of big US banks announced a $30 billion rescue package for First Republic Bank

BOE is seen hiking interest rates by 25 bps next week, before ending its current policy tightening cycle

British finance minister Jeremy Hunt pledged to halve inflation, reduce debt and get the economy growing

JPYINR

JPYINR trading range for the day is 60.82-63.14

JPY dropped as a rescue package for First Republic Bank eased market concerns about another bank failure in the US.

Minutes from the BOJ’s meeting showed that members reiterated the need to maintain ultra-easy policies

Japan's trade deficit increased to JPY 897.7 billion in February 2023 from

JPY 711.5 billion in the same month a year earlier

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