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USDINR

USDINR trading range for the day is 81.49-81.89.

Rupee rose marginally, but ended the week lower due to suspected intervention by the central bank.

The Indian central government to borrow a record-high INR 16 trillion in the fiscal year ending March 2024.

The Fed is widely expected to opt for a 25-basis-point rate hike on Feb 1.

EURINR

EURINR trading range for the day is 88.74-89.22.

Euro steadied with investors pricing in an anticipated lack of more hawkish signals from the ECB at its policy meeting next week.

ECB Lagarde might acknowledge that the rate outlook is data dependent and not reiterate that the terminal rate market pricing is too low.

Euro zone business activity back to growth in January – PMI

GBPINR

GBPINR trading range for the day is 100.73-101.45.

GBP gains as all eyes turn to the Bank of England's policy announcement due in the week.

The latest PMI survey showed the UK business economic activity fell at its fastest rate in two years in January

The Bank of England is set to raise interest rates by half a point to 4.0% to tackle double-digit inflation

JPYINR

JPYINR trading range for the day is 62.93-63.37.

JPY dropped as dollar seen supported after better-than-expected fourth quarter US GDP numbers

Japan PM says return to deflation can't be ruled out

Consumer inflation in Japan's capital exceeds BOJ goal for 8th month

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