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USDINR

USDINR trading range for the day is 82.63-83.41.

Rupee declined fuelled by the dollar's surge versus its major peers and importer hedging

India's central bank likely sold dollars via state-run banks to prevent the rupee from falling below the 83-per-USD level.

India's current account gap widens to 9-year high

EURINR

EURINR trading range for the day is 86.86-88.98.

Euro remained under pressure as investors continued to assess the outlook for growth and monetary policy.

The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease

Final PMI data showed that the Eurozone's and the German manufacturing downturn eased in December

GBPINR

GBPINR trading range for the day is 98.02-100.62.

GBP dropped as the sentiment remains clouded by a worsening outlook for growth and prospects of further interest rate hikes.

Meanwhile there is fears that the global economy might head into a severe recession due to a hawkish rhetoric from major central banks.

Data showed UK CPI inflation fell to 10.7% in November, from a 41-year high of 11.1% in October

JPYINR

JPYINR trading range for the day is 63.27-64.43.

JPY rose on growing speculations that the Bank of Japan might soon shift away from ultra-easy policy.

BOJ Governor Kuroda clarified that the move was not an indication of the commencement of an exit from massive stimulus

Industrial production in Japan fell slightly by 0.1% month-on-month in November 2022

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