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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE 

* GBP/USD surrenders gains as USD Index extends recovery ahead of US Inflation

* PBOC sets USD/CNY reference rate at 6.8764 vs. 6.8838 previous

* US, India CPI, FOMC Minutes: Economic Events in Busy Holiday-Curtailed Week

CHART OF THE DAY

OUTLOOK

USDINR: The USDINR has shown weakness in recent days; however, 82.20 is an immediate resistance level, and on the downside, 81.60 acts as a support. If it moves above 82.20, it can lead some upside momentum towards 82.40, while if it slips below 81.60, it may head towards the 81.20-81.40 zone.

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