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USDINR

USDINR trading range for the day is 72.94-73.26.

USDINR traded in range supported by signs that India's second wave of coronavirus infections is slowing, hopes of a solid economic recovery

Revival of private demand key for Indian economic recovery, says RBI

The central bank said the country's growth prospects now essentially depend on how fast India can arrest its second wave of COVID-19 infections.

EURINR

EURINR trading range for the day is 88.84-89.3.

Euro steadied following the release of mixed economic data and as investors awaited a European Central Bank meeting

The euro zone economy contracted by much less than expected in the first quarter of the year, revised data from the EU's statistics office showed

Chancellor Angela Merkel warned Monday that the global shortage of semiconductors, which could last until at least mid-2022

GBPINR

GBPINR trading range for the day is 103.2-103.88.

GBP remained supported propelled by bets on a faster reopening of Britain's economy on the back of its vaccination programme.

UK Health Secretary Matt Hancock said that it was too early to say whether the easing of restrictions could go ahead as planned.

Speculators overall positioning on sterling remains net long, which means that the market is on balance betting for it to make gains.

JPYINR

JPYINR trading range for the day is 66.62-66.98.

JPY remained in range as Japan’s economy shrank at a slower-than-initially reported pace in the first quarter

Japan's gross domestic product shrank an annualized 3.9 percent on year in the first quarter of 2021.

Data showed growth in bank lending slowed sharply in May, while real wages posted the biggest monthly jump in more than a decade in April

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