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USDINR

USDINR trading range for the day is 75.04-75.72.

USDINR rose on fears of potential outflows after the U.S. Federal Reserve delivered a more hawkish than expected policy update

The Fed also reaffirmed plans to end its bond purchases around the same time, calling time on a long phase of easy money.

India's benchmark 10-year bond yield rose to 6.73%, up 7 basis points from its previous close and its highest level since Dec. 19, 2019.

EURINR

EURINR trading range for the day is 84.13-84.93.

Euro dropped after data pointed to a sharp slowdown in the Eurozone's economic growth in January

The closely watched composite Purchasing Managers Index dropped to 52.4 in January, from 53.3 in December.

Business growth slowed more than forecast due to the health crisis and inflationary pressure.

GBPINR

GBPINR trading range for the day is 100.73-101.55.

GBP dropped as investors turned to the US dollar after the Federal Reserve announced a March interest-rate hike to combat inflation.

BOE needs to lean against inflation pressures and stop expectations of higher price growth from getting entrenched in medium-term wage and pricing decisions

The UK government borrowing remained below the forecast of the Office for Budget Responsibility in the financial year-to-date period

JPYINR

JPYINR trading range for the day is 65.08-66.18.

JPY dropped as the US dollar rallied after the Federal Reserve indicated that it would likely hike interest rates in March

BOJ's Kuroda plays down impact of weak yen on inflation

BOJ debated chance of inflation pick – up towards 2% – Jan meeting summary

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