EURINR trading range for the day is 87.52 - 88.7 - Kedia Advisory
USDINR
* USDINR trading range for the day is 81.4-82.62.
* Rupee notched its biggest single-day gain in two months as India's retail inflation to held steady in December
* Fed's Powell: Fed needs independence to fight inflation, should avoid climate policy
* Fall in India nominal GDP growth in FY24 to challenge fiscal math
EURINR
* EURINR trading range for the day is 87.52-88.7.
* Euro dropped amid firmness in Rupee and investors reckoned the economic outlook did not support a potential slowdown in the ECB monetary tightening.
* EU's Gentiloni sees euro zone GDP fall at start of 2023 less deep than feared
* ECB sees 'very strong' wage growth ahead in next few quarters
GBPINR
* GBPINR trading range for the day is 99.03-100.57.
* GBP remained under pressure as Britain's darkening economic outlook remained at the forefront of traders' minds.
* BoE's Pill sees risk of persistent inflation, even if gas prices fall
* Retail sales in the United Kingdom increased 6.5% on a like-for-like basis in December 2022 from a year ago
JPYINR
* JPYINR trading range for the day is 61.77-62.89.
* JPY dropped as remarks from Fed officials countered hopes that the central bank might dial back its aggressive monetary tightening.
* Consumer inflation in Japan's capital exceeds BOJ target for 7th month
* Consumer inflation in Japan's capital exceeds BOJ target for 7th month
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory