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USDINR

USDINR trading range for the day is 72.88-73.52.

USDINR dropped as Treasury yields stalled amid renewed expectations the United States will not hike interest rates anytime soon.

The Reserve Bank of India said in its May bulletin that the ferocity of the second wave has overwhelmed India

RBI said that the resurgence of Covid-19 has dented economic activity in the first half of Q1:2021-22, it has not yet “debilitated” it.

EURINR

EURINR trading range for the day is 88.79-89.73.

Euro remained supported as investors are increasingly pricing in that a robust economic recovery, fuelled by rapid vaccine rollouts

Policymakers are looking forward to review the Eurozone economic and inflation outlook, and the duration to continue stimulus in the monetary policy session in June

EU eyes another go at more unified European business taxation

GBPINR

GBPINR trading range for the day is 103.51-104.19.

GBP remained supported as Britain took a big step towards reopening its economy, lifting a number of social restrictions imposed to combat the COVID-19 outbreak.

Bank of England's Vlieghe says UK not facing an economic 'boom'

Speculative positioning on the pound increased in the week up to last Tuesday, CFTC data showed.

JPYINR

JPYINR trading range for the day is 66.93-67.35.

JPY ended with losses as Japan's economy contracted more than expected due to coronavirus infections. Japan's gross domestic product contracted an annualized 5.1 percent in the first'

Japan's Economic Minister Yasutoshi says Q1 GDP drop due largely to dip in consumption

A measure of the public assessment of the Japanese economy decreased in April, survey data from the Cabinet Office showed.

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