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EURINR Ways2Capital

EURINR trading range for the day is 79.89-80.63.
Euro recovered from lows after prices seen under pressure on concerns about the demands of populist parties likely to form Italy’s next government.
ECB’s Nowotny says the policy group he works with shouldn’t wait too long to start normalizing policy
Germany’s wholesale price inflation accelerated in April after remaining stable in the previous month, data from Destatis showed.
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GBPINR Trading Range For The Day Is 91.45-92.18.

GBPINR trading range for the day is 91.45-92.18.
GBP gained after reports that Britain would tell Brussels it was prepared to stay in the EU’s customs union beyond a Brexit transitional arrangement.
Prime Minister Theresa May said Britain would leave the EU customs union after Brexit.
The currency remains vulnerable to Brexit’s tos and fros, even as the UK economy has shown signs of strengthening.
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JPYINR – Ways2Capital

JPYINR trading range for the day is 60.97-61.62.

JPY fell as expected after April’s local inflation report crossed the wires.
The Bank of Japan cut any precise mention as to the exact timing for reaching two percent inflation at April’s interest rate decision.
The central bank also said back then that inflation is to average 1.3% this year.
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Indian Rupee Opens Lower At 67.77 Per Dollar

The Indian rupee opened lower by 7 paise at 67.77 per dollar on Friday versus 67.70 yesterday.
According to Motilal Oswal, rupee continued to consolidate in a narrow range for the second successive sessions but traded with a slight negative bias following broad strength in the dollar and as US 10-year yield continued to rise.
On the domestic front, FIIs continued to remain net sellers in the equity and debt segment and yesterday sold another USD 258 million. In the last one month, FIIs have sold funds worth USD 2.5 billion and the cumulative sell figure for this financial year stands at USD4.9 billion.
The economic calendar on the domestic front is muted and that could keep the volatility for the rupee confined to a narrow range. For the day, rupee is expected to quote in the range of 67.60 and 68.20, it added.
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USDINR – Ways2Capital

USDINR trading range for the day is 67.56-68.46.
Rupee gained on selling by foreign banks and exporters, taking advantage of the sharp rally in the currency pair.
The Reserve Bank of India (RBI) likely intervened heavily in the foreign exchange market right from the start of trade to stem any fall in the rupee. India’s April trade deficit widens to $13.7 billion.
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EURINR – Ways2Capital

EURINR trading range for the day is 79.48-81.26.
Euro dropped as the dollar gained as a surge in the benchmark 10-year Treasury yield above 3 percent reignited a rally that had lost steam last week.
Germany’s consumer price inflation held steady in April, as previously estimated, final data from Destatis showed.
Germany’s economic sentiment remained unchanged at a five-and-a-half-year low in May.
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GBPINR Trading Range For The Day Is 91.03-92.48.

GBPINR trading range for the day is 91.03-92.48.
GBP dropped sharply after a rise in U.S. Treasury yields helped the greenback resume its recent rally.
Weak economic data and a decision by the Bank of England to hold interest rates and cut its growth projections have confounded sterling bulls in the last month.
BoE’s Carney has expressed caution over the state of the UK economy but said that interest rates are still likely to rise by the end of this year.
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