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CURRENCY OUTLOOK

DAILY CURRENCY MARKET UPDATES

NEWS IN HEADLINE:

* US dollar slips as traders cautious before Fed's Jackson Hole symposium 

* JPMorgan sees Japan's threshold for yen intervention at around 150 yen per dollar 

* Exclusive-India cenbank nudges banks to settle UAE trades in rupee, dirham -sources

OUTLOOK: GBPINR:

GBPINR is continuing its bullish momentum above the 105.90 level, and there are no signals of weakness due to sideways range in the Dollar Index, where 106.20 is an immediate target level. On the downside, 105.80 intraday and immediate support levels While below 105.80 leads to further weakness towards the 105.70-105.50 zone.

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