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USDINR

USDINR trading range for the day is 74.61-75.07

USDINR gained some ground following an unexpectedly high number of job additions in January.

India cenbank seen holding repo rate steady and raising reverse repo

Indian 10 year government bond yield inched down to 6.8% from a 2-½-year high of 6.89% hit on February 3rd

EURINR

EURINR trading range for the day is 85.24-85.8.

Euro weakened after European Central Bank President Christine Lagarde said there is no need for big monetary policy tightening in the euro zone

ECB's Kazaks says July rate hike is unlikely

Euro zone firms see wages rising by 3% or more, ECB says

GBPINR

GBPINR trading range for the day is 100.87-101.77

GBP dropped as surprisingly strong jobs data provided support, while traders await US inflation figures for release on Thursday to guide policy outlook.

A hike rate from the BOE, the market took a breather, with investors digesting the central bank's guidance to quantitative tightening

Bank of England calls for wage restraint to keep grip on inflation

JPYINR

JPYINR trading range for the day is 64.62-65.32.

JPY dropped as BOJ deputy governor Masazumi Wakatabe said it is premature to tighten monetary policy before inflation hits the bank’s 2% target.

Japan's Dec household spending falls for 5th straight month

Data showed inflation-adjusted real wages lost 2.2% year-on-year in December, the biggest fall since a 2.3% drop in May 2020

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