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USDINR

* USDINR trading range for the day is 82.82-83.07.

* Rupee remained in range as investors remained on edge going into the year end as initial optimism over China's reopening fizzled.

* Dollar index edged above 104, on growing fears that China’s reopening would add inflationary pressures to the global economy.

* The MPC is mandated to bring retail inflation down to 4% over the medium term while keeping it within the target band of 2%-6%.

EURINR

* EURINR trading range for the day is 87.95-88.65.

* Euro remained in range amid growing concerns that the apparent end of China’s zero-Covid policy could lead to a surge in cases across the globe

* Euro area household credit growth lowest in a year

* Investors were also cautious about macroeconomic headwinds next year, with more interest rate hikes and a possible recession seen

GBPINR

* GBPINR trading range for the day is 99.44-100.16.

* GBP seen pressured as investors weigh a less hawkish BoE and economic prospects.

* BOE said inflation had peaked, suggesting there could be a pause in the current policy tightening next year.

* Data showed UK CPI inflation fell to 10.7% in November, from a 41-year high of 11.1% in October

JPYINR

* JPYINR trading range for the day is 61.97-62.49.

* JPY remained in range as BOJ clarified that a surprise policy adjustment to its yield target was not an indication of the start of an exit from its massive stimulus

* BoJ’s Kuroda expressed hope that ongoing labor shortages will encourage firms to raise wages

* Japan Nov factory output falls for 3rd month

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