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USDINR

USDINR trading range for the day is 76.17-77.08.

USDINR settled flat as another hot US inflation data increased rate hike prospects by the Fed.

Crude oil prices continued to trade above $100 per barrel after the West imposed sanctions on Russian oil exports, further pressuring the rupee.

The Federal Reserve is set to raise interest rates by 25 basis points at the March meeting

EURINR

EURINR trading range for the day is 83.97-84.83.

Euro struggled as a hawkish turn from the ECB was offset by growth risks emanating from the Ukraine crisis.

The ECB said it will phase out its stimulus in the third quarter, opening the door to an interest rate hike before the end of 2022

ECB's Villeroy: No recession in Europe despite Ukraine crisis

GBPINR

GBPINR trading range for the day is 99.95-100.79.

GBP dropped as growth and inflation worries due to the Ukraine conflict more than offset prospects of higher interest rates.

Britain's economy rebounded much more than expected in January from its coronavirus-related lull in late 2021

The Bank of England is highly expected to raise rates by another 25bps when it meets next Thursday

JPYINR

JPYINR trading range for the day is 65.21-66.13.

JPY dropped as the Bank of Japan’s dovish policy increasingly diverged from peers, amid efforts to support domestic economic recovery

Japan Feb consumer prices to rise at fastest pace in 2 years on energy spike

Talks between Ukraine and Russia's foreign ministers made little progress toward ending a war that it is now in its third week.

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