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USDINR

USDINR trading range for the day is 80.69-81.89.

Rupee declined after climbing to a near two-month high at open on dollar purchases by public sector banks likely for the RBI.

Indian govt to borrow a record 16 trillion rupees in fiscal 2023/24

The RBI's dollar purchases and the dollar index's tumble have helped the Indian reserves rise to $572 billion, their highest level since early August.

EURINR

EURINR trading range for the day is 87.84-89.36.

Euro rose as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.

ECB set to raise rates by 50 basis points in February and March, Knot says

Euro Area reported a current account surplus of EUR 13.4 billion in November 2022, the first one in eight months

GBPINR

GBPINR trading range for the day is 100.16-101.42.

GBP gains supported by economic data that showed the British economy was performing better than feared

The Bank of England is likely to hold to its current policy tightening campaign

UK retail sales unexpectedly fall

JPYINR

JPYINR trading range for the day is 62.35-63.03.

JPY remained in range as the Bank of Japan defied market pressure to tweak its ultra-low interest rate policy

Bank of Japan's policy tweak drew rare request from government for a break

Japan inflation rate highest in 32 years

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