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USDINR

USDINR trading range for the day is 81.74-82.3 Rupee remained in range as investors continued to worry about signals that the Federal Reserve will hike rates at a more aggressive pace India must prepare to curb volatility risks of int'l rupee-RBI deputy gov Weaker-than-expected data from China also pointed to a sluggish economic recovery in the country.

EURINR

EURINR trading range for the day is 86.31-87.29 Euro gains after ECB President Christine Lagarde vowed to combat spiking inflation in the euro zone. Euro zone economic growth trimmed to zero q/q at end of 2022 Euro zone Q4 employment rises 1.5% y/y

GBPINR

GBPINR trading range for the day is 96.83-98.29 GBP gains as the dollar eased, although Fed Chair Powell reaffirmed his message of higher and potentially faster interest rate hikes The Bank of England is seen increasing rates by a further 25 bps this month, before ending the current tightening cycle. BOE’s Mann had warned that the pound could be vulnerable to Federal Reserve and European Central Bank hawkish outlooks.

JPYINR

JPYINR trading range for the day is 59.8-60.9 JPY gains as investors look ahead to the BOJ’s policy decision in what would be BOJ Governor Haruhiko Kuroda’s final meeting. Japan economy expands at annualized 0.1% in Q4 Japan Q4 GDP revised lower to show no growth

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