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USDINR

USDINR trading range for the day is 74.49-75.57.

USDINR gained as a spike in global crude oil prices re-ignited concerns over imported inflation

Moody's upgrades outlook on India to stable from negative; maintains Baa3 rating

The IHS Markit India Services PMI declined to 55.2 in September of 2021 from August's 18-month high of 56.7

EURINR

EURINR trading range for the day is 86.48-86.98.

Euro remained supported due to weak Rupee and on concerns about inflation and potential monetary policy tightening.

Investors eye Eurogroup meeting where Eurozone finance ministers will be discussing the EU’s recovery plans, banking union and fiscal policy.

ECB President Christine Lagarde told the ECB Forum on Central Banking that there are no signs recent price increases are becoming broad-based across the economy

GBPINR

GBPINR trading range for the day is 101.37-102.41.

GBP gained as traders turn their attention back to the prospect of interest rate rises in Britain.

Investors also worry about the unemployment outlook as a furlough scheme introduced to mitigate the effects of the pandemic ended in September.

The UK service sector continued to expand in September but severe supply constraints lifted inflationary pressures

JPYINR

JPYINR trading range for the day is 66.66-67.9

JPY gained amid weakness in Rupee despite support for Fumio Kishida's new government reportedly was lower than that of his predecessor Yoshihide Suga's administration.

BOJ's Kuroda says Japan's labour practices keep wage pressures under control

Japan's Sept service sector activity shrinks for 20th month – PMI

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