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USDINR

USDINR trading range for the day is 73.32-73.84.

USDINR dropped as traders worry that a big number might prompt the Fed to wind back monetary policy support sooner than expected.

Fitch Ratings has warned that India’s slow pace of vaccination means that the country could remain vulnerable to further waves of COVID19

India to breach fiscal deficit target in FY22: Fitch Solutions

EURINR

EURINR trading range for the day is 89.09-89.81.

Euro pared gains after Industrial production in Italy decreased 0.1 percent from a month earlier in March of 2021

Germany's 10-year Bund yield rose to its highest level in almost a week, while Italian borrowing costs held near their highest levels since September.

ECB policymaker Martin Kazaks said the central bank could decide to reduce the pace of its emergency bond purchases in June if borrowing costs remain low.

GBPINR

GBPINR trading range for the day is 103.51-104.37.

GBP remained supported after the Bank of England said Britain's economy would grow by the most since World War Two this year

Dorries, the minister for mental health, said the government needed to be careful that society did not reopen too quickly.

Bank of England does not see COVID bankruptcy wave – Haldane

JPYINR

JPYINR trading range for the day is 67.38-67.9.

JPY remained in range as economy seen picking up but risks from COVID resurgence highlighted and Uncertainty on external demand, domestic outlook skewed to downside

Bank of Japan policymakers warned of uncertainties over the country's economic recovery as pandemic curbs hurt service consumption

The average of household spending in Japan was up 6.2 percent on year in March, coming in at 309,800 yen.

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