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USDINR

USDINR trading range for the day is 73.96-74.66.

USDINR gained as investors turned to the greenback after the US Federal Reserve signaled it would hike interest rates sooner than expected.

India's May trade deficit widens to $6.28 billion – govt

Moody's pegs India GDP growth at 9.3% in FY22

EURINR

EURINR trading range for the day is 88.09-88.71.

Euro remained supported as investor focus shifted to prospects of solid economic growth in Europe rather than near-term rise in US interest rates

ECB Lagarde said that a recovery in global demand and a faster-than-anticipated increase in consumer spending could result in a stronger economic recovery

The euro area current account surplus increased in April, the European Central Bank reported.

GBPINR

GBPINR trading range for the day is 102.82-103.52.

GBP remained supported ahead of BOE’s monetary policy meeting later this week at which officials are set to leave interest rates at record-low levels

The UK budget deficit narrowed in May from the last year, data from the Office for National Statistics showed.

UK retail sales dropped in May as the reopening of all retail sectors and the easing of hospitality restrictions reduced food store sales

JPYINR

JPYINR trading range for the day is 66.97-67.59.

JPY dropped on profit booking as Overall consumer prices in Japan were down 0.1 percent on year in May

The Bank of Japan announced a new initiative for providing funds for bank lending to climate-friendly businesses

The Japanese government lifted the coronavirus state of emergency in Tokyo and eight other regions while keeping some restrictions

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