GBPINR trading range for the day is 82.35-83.44. GBP dropped after data showing that UK inflation rose to its highest since September 2013 last month, underlining concerns over a squeeze on consumer spending.
UK inflation accelerated to the highest since 2013 largely due to higher air fares in April. Inflation rose more-than-expected to 2.7 percent in April from 2.3 percent in March, data from the Office for National Statistics showed.
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