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USDINR

USDINR trading range for the day is 72.81-73.59.

USDINR gained after Federal Reserve Chair Jerome Powell expressed no concern about a recent sell-off in bonds.

The IHS Markit India Services PMI increased to 55.3 in February of 2021 from 52.8 in the previous month

India's economy grew 0.4% in October to December, ending its severest recession since at least 1996

EURINR

EURINR trading range for the day is 87.04-88.02.

Euro dropped as investors turned to bond yields and the dollar after US Fed chief said that the economic reopening could boost inflation temporarily.

The euro was already under pressure as investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.

Eurozone retail sales declined more than expected in January as strict restrictions to contain the spread of the Covid-19 dampened demand for non-food products

GBPINR

GBPINR trading range for the day is 100.66-102.06.

GBP seen pressure after UK Chancellor Rishi Sunak pledging to do "whatever it takes" to support businesses and households through the COVID-19 crisis.

UK's Sunak extends COVID rescue plan but moves to bring in more tax

The OBR, has downgraded 2021 GDP forecast to 4% from November's estimate of 5.5%,

JPYINR

JPYINR trading range for the day is 67.11-68.29.

JPY dropped as dollar surged after Federal Reserve Chairman Jerome Powell failed to express concern about a recent sell-off in U.S. Treasuries

Japan's consumer confidence rose to the highest level in one year in February, data from the Cabinet Office showed

The services sector in Japan continued to contract in February, albeit at a slower pace, with a services PMI score of 46.3.

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