JPYINR trading range for the day is 57.56-58.76. JPY remained under pressure after the Bank of Japan held monetary policy steady as expected, including the pace of asset purchases at ¥80 trillion annually.
BOJ decided to maintain the -0.1 percent interest rate on current accounts that financial institutions maintain at the bank. Annual inflation is likely to continue on an uptrend and increase toward 2 percent, mainly on the back of an improvement in the output gap.
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