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USDINR

USDINR trading range for the day is 73.03-73.39.

USDINR ended with losses as the Biden administration's proposed 1.9 trillion stimulus has encouraged investors to put money in riskier assets

Wider fiscal deficits could pressure India's ratings, says Fitch

Finance Minister Nirmala Sitharaman said the current year fiscal deficit will touch 9.5% of GDP, much higher than the budgeted 3.5%

EURINR

EURINR trading range for the day is 87.87-88.73.

Euro weakened after Germany reported that retail sales plunged by an unexpected 9.6% in December

Euro zone inflation less than meets the eye in lockdowns – ECB

Raising euro zone interest rates in the current environment would have a devastating impact, ECB board member Isabel Schnabel said

GBPINR

GBPINR trading range for the day is 99.81-100.47.

GBP seen some pressure after the UK manufacturing sector growth slowed in January reflecting a slight fall in new orders

UK Mortgage approvals declined moderately in December, the Bank of England said.

EU backed down on its plans to amend a provision in the Brexit agreement to temporarily block vaccines from being exported to Northern Ireland

JPYINR

JPYINR trading range for the day is 69.59-69.98.

JPY dropped as dollar gained amid views that the United States has an advantage in growing its economy and vaccinating its population against COVID-19.

The moves came on evidence pointing toward a stronger recovery from the coronavirus pandemic for the United States than for other countries.

Japan is expected to extend a state of emergency to fight the spread of COVID-19 for Tokyo

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