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USDINR

* USDINR trading range for the day is 82.87-83.13.

* Rupee close flat as exporters likely sold dollars, in a low-volume session, while forward premiums fell for a third straight day.

* Dollar index edged above 104, on growing fears that China’s reopening would add inflationary pressures to the global economy.

* The MPC is mandated to bring retail inflation down to 4% over the medium term while keeping it within the target band of 2%-6%.

EURINR

* EURINR trading range for the day is 88.18-88.7.

* Euro dropped on growing fears that China’s reopening would add inflationary pressures to the global economy.

* The central bank also revised its inflation forecasts higher while the growth outlook was revised sharply lower.

* Fresh PMIs for December showed private sector activity in the Euro Area shrank at the slowest pace in four months

GBPINR

* GBPINR trading range for the day is 99.35-100.59.

* GBP recovered from lower levels after seen pressured as investors weigh a less hawkish BoE and economic prospects.

* BOE said inflation had peaked, suggesting there could be a pause in the current policy tightening next year.

* Data showed UK CPI inflation fell to 10.7% in November, from a 41-year high of 11.1% in October

JPYINR

* JPYINR trading range for the day is 61.78-62.52.

* JPY dropped as BOJ clarified that a surprise policy adjustment to its yield target was not an indication of the start of an exit from its massive stimulus

* BoJ’s Kuroda expressed hope that ongoing labor shortages will encourage firms to raise wages

* Japan Nov factory output falls for 3rd month

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