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USDINR

USDINR trading range for the day is 73.74-74.34.

USDINR remained in range as India’s economy is expected to expand by 8.3% in the current fiscal 2021-22

The growth forecast for FY 2022-23 and FY 2023-24 are 8.7% and 6.8% respectively.

The IHS Markit India Services PMI fell to 55.5 in December of 2021 from 58.1 in November

EURINR

EURINR trading range for the day is 83.93-84.53.

Euro remained supported as Euro zone industrial production increased by 2.3% in November from the previous month.

Elsewhere, investors remained concerned about Europe's slowing economic growth on the back of surging prices and rising COVID cases.

Data showed the Eurozone consumer price inflation hit 5% in December, a record high and well above the central bank's target of about 2%.

GBPINR

GBPINR trading range for the day is 100.61-101.29.

GBP gained as investors ramped up expectations of further rate rises

Britain's focus on rolling out booster vaccinations rather than returning to coronavirus lockdown measures boosted risk sentiment.

Markets are pricing in an almost 80% chance of a 25 bps rate hike in February.

JPYINR

JPYINR trading range for the day is 63.97-64.47.

JPY steadied as risk sentiment improved after Fed chair Powell sounded less hawkish than expected in a testimony to Congress.

Japan's Inflation to Accelerate Gradually: BoJ Governor Kuroda

BOJ may raise price outlook but keep ultra – loose policy

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