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USDINR

USDINR trading range for the day is 72.69-73.39.

USDINR dropped buoyed by hopes that the economy would return to normal as some states eased lockdowns

India's services activity shrank in May on lockdowns, job cuts quicken

India cenbank assures ample liquidity even as it holds rates

EURINR

EURINR trading range for the day is 88.48-89.1.b

Euro seen supported as the dollar began on the defensive after being dented by a second batch of disappointing jobs figures

The possibility of a slowdown in bond buying is also in focus leading up to a European Central Bank meeting on Thursday.

Eurozone retail sales fell at a faster than expected pace in April, after rising in the previous two months

GBPINR

GBPINR trading range for the day is 102.8-103.64.

GBP remained under pressure as investors around the world digested weaker-than-forecast economic data from Germany and China.

BoE's Cunliffe says UK is seeing strong post – COVID bounceback

The UK service sector gained further momentum in May on higher spending in response to looser pandemic restrictions

JPYINR

JPYINR trading range for the day is 66.51-66.85.

JPY gained as sentiment was lifted as G7 finance ministers reached a historic agreement to reform the global tax system.

Investors proved optimistic on riskier assets after weaker than expected US jobs data last week eased some fears about the economy running too hot and stoking inflation.

Bank of Japan Governor Haruhiko Kuroda said a lack of due consideration to heterogeneity in setting climate risk standards would do more harm than good.

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