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USDINR

USDINR trading range for the day is 75.72-76.16.

USDINR dropped as India's fiscal deficit narrowed to INR 13.2 trillion in April-February of 2021-22 from INR 14.1 trillion

IMF said that India has received a record number of foreign direct investments during the last few years despite the COVID-19 crisis

Domestic ratings agency ICRA has slashed its FY23 growth forecast for India’s GDP to 7.2% from 8% and projected GDP expansion in FY22 at 8.5%

EURINR

EURINR trading range for the day is 83.88-85.2.

Euro dropped as Euro zone economic sentiment fell sharply in March

ECB's Lagarde insists inflation will stop rising

Euro zone consumer sentiment plunges

GBPINR

GBPINR trading range for the day is 99.41-100.05.

GBP remained under pressure pulled lower by a general drop in riskier currencies as investors worry about uncertainty over the war in Ukraine.

Britain's economy grew more quickly than previously thought in the last three months of 2021.

The Nationwide House Price Index in the UK jumped 14.3% year-on-year in March of 2022, the strongest increase since November of 2004.

JPYINR

JPYINR trading range for the day is 61.91-62.96.

JPY dropped amid growing fears that authorities may intervene in the currency markets

BOJ’s firm commitment to maintain massive stimulus contrasted sharply with other major central banks that started normalizing monetary policies.

A meeting between BOJ Governor Haruhiko Kuroda and Prime Minister Fumio raised speculations about the level of official discomfort with a rapidly weakening yen.

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