USDINR trading range for the day is 72.5-72.8 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 72.5-72.8.
* USDINR remained weak RBI Governor Shaktikanta Das said India's economic revival to be 'unabated' despite coronavirus surge
* Fitch raises India's FY22 GDP growth projection to 12.8% from 11%
* RBI Governor Das has said the central bank and the government are discussing the issue of privatisation of PSBs, saying the "process will go forward".
EURINR
EURINR trading range for the day is 85.66-86.12
Euro remained under pressure as the U.S. pandemic response continued to outpace Europe's, which has been hobbled by extended lockdowns
Germany's reversal of a call for a strict lockdown over the Easter period did little to build confidence in the region's economic outlook
ECB expects bank supervision costs to rise 11% this year
GBPINR
* GBPINR trading range for the day is 99.3-99.92.
* GBP recovered from lows to settle flat as data showed a rush of new orders by businesses anticipating an easing of Britain's lockdown prompted a much stronger rebound
* UK Composite Purchasing Managers' Index rose to a seven-month high as Britain's swift roll-out of COVID-19 vaccines bolstered confidence
* Data showed a surprise decline in inflation in Britain in February.
JPYINR
* JPYINR trading range for the day is 66.41-66.93.
* JPY dropped after the Asian Development Bank warned that rising US yields could trigger currency and debt crises across Asia
* The Bank of Japan stepped up its Jap BOJ bought 70.1 bln yen ETFs, steps up buying
* BOJ debated future scope to assist green, digital investment - January minutes
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