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USDINR

USDINR trading range for the day is 75.39-75.83.

USDINR gained after the Reserve Bank of India left interest rates steady and decided to continue with its accommodative stance

Fitch cuts India GDP forecast for FY22 to 8.4% in Nov from 8.7% in Oct

Inflation has been within the RBI's 2-6% target range due to cuts in taxes on fuel by central and local governments

EURINR

EURINR trading range for the day is 85.13-85.65.

Euro remained supported as the dollar and U.S. Treasury yields eased, with investor focus shifting to key inflation data

Euro zone inflation unlikely to be below 2% in 2022 – ECB's Holzmann

ECB's Knot: high inflation could warrant rate hike in 2023

GBPINR

GBPINR trading range for the day is 99.43-100.61.

GBP dropped as investors stayed on the sidelines before a Bank of England policy meeting in which policymakers may keep interest rates on hold.

Might make sense to wait for Omicron data before rates decision - BoE's Saunders

Money markets are assigning a 58% probability of a 15 bps rate increase next week, down from a nearly 70% probability two weeks ago.

JPYINR

JPYINR trading range for the day is 66.43-66.9.

JPY gained after reports suggested the Omicron variant is milder than previously feared.

Japan downgrades Q3 GDP on deeper hit to consumer spending

BOJ's Amamiya says underlying prices increasing gradually

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