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USDINR

USDINR trading range for the day is 81.26-82.16.

Rupee weakened pressured by expectations of softer tightening by the Reserve Bank of India.

India may peg nominal GDP growth at about 11% in 2023/24 budget

Retail prices grew annually by 5.7% in December, below expectations of 5.9%

EURINR

EURINR trading range for the day is 88.71-89.19.

Euro remained in range as sentiment was lifted by an expectation of slower rate hikes by the US Federal Reserve

German economy more resilient than feared, Bundesbank says

Germany consumer morale recovers further

GBPINR

GBPINR trading range for the day is 100.19-101.65.

GBP dropped as doubts were raised about BOE’s policy path after weaker-than-expected PMI data.

The latest survey showed Britain's business economic activity fell at its fastest rate in two years in January

UK Factory orders fall the most in nearly 2 years: CBI

JPYINR

JPYINR trading range for the day is 62.77-63.37.

JPY remained in range as the Bank of Japan remained committed to its policy of ultra-low interest rates.

The au Jibun Bank Japan Services PMI increased to 52.4 in January 2023 from a final reading of 51.1 in December

The au Jibun Bank Japan Manufacturing PMI stood at 48.9 in January 2023, unchanged from December's 26-month low

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