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USDINR

USDINR trading range for the day is 74.24-74.92.

USDINR dropped as mixed bag of U.S. labour data allayed investor fears about a hastening end to monetary stimulus and on hopes of a sustained economic recovery.

India's June services activity shrinks at fastest rate in 11-months

India's manufacturing activity contracted in June for the first time in 11 months

EURINR

EURINR trading range for the day is 88.32-88.78.

Euro remained cautious about the economic impact of the Delta variant of COVID-19 as well as expectations that the European Central Bank will remain dovish.

Euro zone business activity soared in June as lockdowns lifted

Euro zone inflation eased this month, levelling off for the summer months before an expected move well above the European Central Bank's target

GBPINR

GBPINR trading range for the day is 103.08-103.36.

GBP remained supported as UK Prime Minister Boris Johnson sets out the final stage of the roadmap out of lockdown.

Bank of England Governor Andrew Bailey said the bank should not over-react to temporarily high inflation in order to safeguard the recovery.

The UK manufacturing sector logged a strong growth in June but the pace of expansion moderated from a record high

JPYINR

JPYINR trading range for the day is 67.12-67.36.

JPY dropped as sentiment weakened as the unemployment rate rose to 3% in May, the highest reading since December 2020.

Japan's services sector activity shrank for the 17th straight month in June as the coronavirus dampened demand at home and abroad.

Bank of Japan Governor Haruhiko Kuroda reiterated the central bank’s readiness to ease monetary policy further if needed

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