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USDINR

USDINR trading range for the day is 74.31-74.71.

USDINR dropped after reports India has set up a target of $500 billion exports for the 2022-23 fiscal

Investor sentiment has soured in recent days due to weaker economic data, rampant inflation and concerns over the pace of U.S. Federal Reserve policy tightening.

India's merchandise exports in December rose 38.91% from a year earlier to $37.81 billion compared to $27.22 billion in the same month in 2020

EURINR

EURINR trading range for the day is 84.26-84.66.

Euro remained under pressure amid mixed signals from the European Central Bank, while mounting geopolitical worries over Ukraine

Eurozone inflation could "easily" get stuck above target, and the central bank should keep the door open to tightening policy.

ECB minutes show caution about 'higher for longer' inflation

GBPINR

GBPINR trading range for the day is 100.55-101.65.

GBP dropped as investors remain concerned about the impact of rising inflation and tighter monetary policy by major central banks on the slowing economic recovery.

Economic data showed the UK consumer inflation rose more than expected to 5.4% in December, its highest since March 1992

PM Johnson has been facing calls to resign from some in his party after admitting that he attended staff drinks during the May 2020 lockdown

JPYINR

JPYINR trading range for the day is 65.13-65.79.

JPY gained as risk sentiment soured amid rekindled fears of heated inflation and aggressive Federal Reserve policy tightening.

Japan's inflation hovers around 2-year high, BOJ flags price pressure

Japan posted a merchandise trade deficit of 582.2 billion yen in December, the Ministry of Finance said.

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