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USDINR

USDINR trading range for the day is 74.28-74.52.

USDINR seen supported after strong labour market data encouraged investors to bring forward their bets on Fed reducing its pandemic-era stimulus.

RBI held interest rates at record-low levels, but raised its inflation forecasts for FY22 while saying it would normalize liquidity conditions.

India's services activity shrank again in July, outlook turned pessimistic

EURINR

EURINR trading range for the day is 87.43-87.71.

Euro remained under pressure amid concerns about the economic impact of the Delta variant of COVID-19 and expectations of continued massive bond buying by ECB.

German exports jump despite supply bottlenecks in industry

Germany's trade surplus widened to EUR 16.3 billion in June 2021, from EUR 15.4 billion in the same period last year

GBPINR

GBPINR trading range for the day is 102.96-103.56.

GBP dropped as investors focused on the possible pace of monetary policy tightening after the Bank of England meeting last week.

Speculators cut their net short position on the pound, according to CFTC, leaving the market's overall speculative position close to neutral.

UK house price inflation slowed for a second month in a row in July, survey data from the Lloyds Bank subsidiary Halifax showed.

JPYINR

JPYINR trading range for the day is 67.37-67.79.

JPY dropped as the Delta variant of the coronavirus is spreading and the fast speed recovery remains in question.

Japan's Q2 economic rebound likely feeble as COVID-19 impact persists

Japan's leading index increased to the highest since February 2014, preliminary data from the Cabinet Office showed.

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