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The local currency came under pressure for the second successive session on Thursday following strength in the dollar against its major crosses.
The US dollar rebounded after a report showed factory orders rose more than expected in July, pointing to continued improvement in the manufacturing sector.
Private payrolls number was disappointing but failed to have an impact on the greenback.
Today, the focus will be on the non-farm payrolls number that will be released from the US. There are expectations that it could come in line with the previous month’s number and that could keep the volatility low for the dollar.
For the day, brokerage Motilal Oswal Financial Services expects USDINR (Spot) to quote in the range of 73.20 and 73.80.
Pound fell sharply in yesterday's session on the back of stronger dollar, weak domestic factors and lack of progress on Brexit negotiations.
EU’s chief negotiator said that Britain had not changed its position on key sticking points in Brexit trade talks.
This week’s manufacturing and services PMI released from the UK have not been impressive and that also weighed on the currency.
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