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USDINR

USDINR trading range for the day is 74.12-74.56.

USDINR gained amid concerns about the impact of rapidly spreading Omicron cases on the Indian economic recovery

Govt likely to target 13-14% nominal growth in FY23

The annual wholesale price inflation rate in India inched down to 13.56 percent in December 2021 from 14.23 percent in the previous month

EURINR

EURINR trading range for the day is 84.41-85.65.

Euro remained under pressure as investors will be keeping an eye on the latest Eurogroup meeting of finance ministers in Brussels.

The German economy logged only a moderate recovery in 2021 amid the Covid-19 restrictions and supply chain disruptions

ECB will do everything it takes to get inflation to 2%: Lagarde

GBPINR

GBPINR trading range for the day is 101.37-101.97.

GBP dropped as investors await a batch of economic releases due later this week that could set the scene for a potential interest rate increase in February

UK's Johnson plans to scrap COVID – 19 self-isolation law

UK economy finally bigger than before pandemic in November

JPYINR

JPYINR trading range for the day is 64.29-65.43.

JPY dropped following a jump in the greenback and US Treasury yields as the hawkish US rates outlook remained intact.

Japan's Cabinet Office: We anticipate that GDP will recover to pre-pandemic levels during FY2021, as opposed to calendar year 2021 previously.

Japan is considering stricter Covid measures for the Tokyo area.

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