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USDINR

Observations

USDINR trading range for the day is 82.52-83.04 Rupee dropped after inflation in India accelerated more than expected in January The annual inflation rate in the US slowed only slightly to 6.4% in January of 2023 from 6.5% in December The annual wholesale price inflation rate in India declined to 4.73 percent in January 2023

EURINR

Observations

EURINR trading range for the day is 88.46-89.54 Euro gains as Euro zone economic growth is likely to be stronger than previously expected this year while inflation will lower than in forecasts Euro zone governments will be net losers from high inflation, ECB says The European Commission said uncertainty surrounding the forecast was high, but risks to growth were broadly balanced.

GBPINR

Observations

GBPINR trading range for the day is 100-101.58 GBP remained supported after data showed British wages rose quicker than expected in the last three months of 2022 The ONS also said pay including bonuses rose by an annual 5.9% in the October-to-December period Britain's economy narrowly avoided entering recession during the fourth quarter, while monthly GDP data for December alone

JPYINR

Observations

JPYINR trading range for the day is 62.57-63.03 JPY remained supported as private consumption picking up as the country lifted border restrictions and investors also digested GDP data. Japan Q4 GDP growth annualized expands 0.6% Industrial production in Japan increased by 0.3 percent month-over-month in December 2022

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