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USDINR

USDINR trading range for the day is 72.79-73.27.

USDINR traded in range as traders made bets on an economic recovery from the Covid-19 pandemic.

Traders were prepared to buy riskier currencies on the idea of a quicker than previously expected global economic recovery.

India predicts GDP 7.7% contraction, likely to prompt steps to boost growth

EURINR

EURINR trading range for the day is 88.64-89.12.

Euro gains after ECB stuck to its monetary policy while expectations of a massive U.S. stimulus package fuelled market optimism.

The ECB left its ultra-easy policy unchanged as expected and kept the door open to more stimulus to tackle the resurgent COVID-19 pandemic.

Risks surrounding the euro area growth outlook remain tilted to the downside, but are now less pronounced, the ECB President Christine Lagarde said.

GBPINR

GBPINR trading range for the day is 99.29-100.43.

GBP dropped as Britain's third national lockdown sparked the sharpest drop in business activity since May

Data showed retail sales remained weak in December after store closures the previous month.

UK manufacturers expect production and new orders to decline in the coming three months

JPYINR

JPYINR trading range for the day is 70.21-70.71.

JPY dropped as Japan's core consumer prices slumped in December at the fastest annual pace in a decade

Overall consumer prices in Japan were down 1.2 percent on year in December, following the 0.9 percent decline in November

The manufacturing sector slipped into contraction in December, the latest survey from Jibun Bank showed with a manufacturing PMI score of 49.7.

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