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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE

* PBOC Governor says will keep prices, yuan exchange rate, stable

* EUR/GBP gathers strength to capture 0.8880 as ECB Lagarde reiterates inflation concerns

* PBOC is expected to set the USD/CNY reference rate at 6.9132 – Reuters estimate

CHART OF THE DAY

OUTLOOK

USDINR: The USDINR is trading in a very narrow range; the next move will be seen after the range breakout; however, 82.64 is an immediate support level, and on the upside, 82.72 acts as a resistance. If it moves above 82.72, it can lead some upside momentum towards 82.85, while if it slips below 87.64, it may head towards the 82.35-82.45 zone

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