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USDINR

USDINR trading range for the day is 81.6-82.34.

Rupee settled flat as investors digested the release of the Union Budget and India will target a budget deficit of 5.9% of GDP for 2023/24

Fed raised the rate by 25bps to 4.5%-4.75% target range, dialing back the size of the hike for a second straight meeting

India’s government will increase spending by 7.5% to INR 45 trillion, with capital expenditure set to surge 33%

EURINR

EURINR trading range for the day is 88.77-89.77.

Euro remained supported as signs of cooling inflation in the US bolstered expectations of less aggressive Federal Reserve policy tightening.

Euro zone banks tighten credit by most since debt crisis, ECB says

Retail sales in Germany unexpectedly sank 5.3% month-over-month in December of 2022

GBPINR

GBPINR trading range for the day is 100.6-101.42.

GBP traded in range ahead of BOE’s expected 10th consecutive interest rate hike, and as IMF warned about Britain's economic outlook.

Britain's inflation rate moved further away from October's 41-year high, but remained well above the central bank's 2% target.

The risk of the UK slipping into recession amid rising interest rates, strikes and weak consumer demand continued to weigh on sentiment.

JPYINR

JPYINR trading range for the day is 62.26-64.06.

JPY remained suppported on dollar weakness amid expectations that the Federal Reserve will slow the pace of its interest rate hikes

BOJ bought record sum of govt bonds in Jan to defend yield cap

Japan factory activity shrinks for third month in January

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