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USDINR

USDINR trading range for the day is 73.19-73.59.

USDINR traded in range on the back of a much larger-than-expected surge in retail inflation in May.

India's annual retail inflation rate rose 6.30% year-on-year in May, from 4.29% in April

The wholesale price inflation rate rose 12.94%, its highest in at least two decades.

EURINR

EURINR trading range for the day is 88.84-89.22.

Euro steadied as investors hope for a solid economic recovery while await the US Federal Reserve policy statement.

The euro zone’s unadjusted trade surplus was almost five times higher in April than a year earlier, mainly thanks to a strong rebound in exports of machinery

The German economy is overcoming a pandemic-induced slump and will grow briskly this year and the next

GBPINR

GBPINR trading range for the day is 103.13-103.93.

GBP gained after data showed British inflation unexpectedly jumped above the Bank of England's 2.0% target in May

Most restrictions were due to lift on June 21, but this much-anticipated step was pushed back to July 19.

Speculators' increased their net long position on the pound – bets that the pound will go up – in the week to June 8, CFTC data showed.

JPYINR

JPYINR trading range for the day is 66.58-66.94.

JPY remained in range as Bank of Japan announced that will extend its pandemic-relief programmes to support a fragile economic recovery.

Japan's trade deficit decreased sharply to JPY 187.1 billion in May 2021 from a JPY 856.7 billion in the same month a year earlier

Bank of Japan Governor Haruhiko Kuroda said central banks must allow for differences when setting standards for climate risk

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