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USDINR

USDINR trading range for the day is 75.68-76.38.

USDINR remained under pressure amid RBI intervention in currency markets and as risk-off sentiment persisted.

India's exports likely to touch record $400 billion this fiscal: Piyush Goyal

The WHO warned over the weekend that the number of omicron cases is doubling in 1.5 to 3 days in areas with community transmission.

EURINR

EURINR trading range for the day is 85.15-86.19.

Euro dropped amid concerns over Europe's slowing economic growth as the region struggles with surging prices and new COVID restrictions.

The Euro Area current account surplus narrowed to EUR 20.5 billion in October 2021 from EUR 31 billion a year earlier.

The Netherlands went into lockdown due to the rapid spread of Omicron

GBPINR

GBPINR trading range for the day is 99.65-101.13.

GBP dropped as investors worry that the rapid spread of the Omicron Covid-19 variant might trigger stricter restrictions across the region

Further the prospect of a faster tightening policy by the US Federal Reserve and Bank of England also weighed on sentiment.

The Bank of England raised its key interest rate as policymakers viewed that some moderate tightening is required to bring inflation down.

JPYINR

JPYINR trading range for the day is 66.59-67.31.

JPY dropped due to firmness in Rupee after earlier seen supported as a safe haven amid fresh concerns over the rapidly spreading omicron variant

JPY was also buoyed after the Bank of Japan decided last week to taper its corporate debt purchases to pre-pandemic levels

BoJ's Governor Kuroda: It is too soon to think about normalising monetary policy.

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