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USDINR

USDINR trading range for the day is 72.81-73.71.

USDINR dropped as investors hoped for a quicker economic recovery helped by the COVID-19 vaccination rollout and a growth-focused federal budget.

India's February trade deficit widens to $12.88 billion: trade ministry

Speculators cut their net short dollar positions in the latest week, according to CFTC.

EURINR

EURINR trading range for the day is 86.87-87.38.

Euro has been under pressure as investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.

Euro depreciated as investors turned to bond yields and the dollar after the US Senate passage of a $1.9 trillion stimulus bill.

Eurozone investor confidence improved to the highest level in more than a year in March as lockdowns had little negative impact

GBPINR

GBPINR trading range for the day is 101.25-101.87.

GBP remained in range as the UK's relative success in COVID-19 vaccinations supported the British currency.

BoE's Bailey urges "cautionary realism" about post-COVID recovery

BoE's Bailey– - Contingency planning for negative rates implies nothing about our intentions in that direction

JPYINR

JPYINR trading range for the day is 67.08-67.52.

JPY fell as the passage of US President Joe Biden’s coronavirus relief package fueled a surge in long term bond yields and boosted optimism in the US economic recovery

Bank of Japan Deputy Governor Masayoshi Amamiya said bond yields should be allowed to move more “as long as it does not diminish the effect of monetary easing”

Japan confirmed its economy grew by an annualized 11.7% at the end of last year, according to revised data.

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