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USDINR

* USDINR trading range for the day is 81.6-82.14

* Rupee declined amid cash dollar outflows of a large corporate, traders said, while premiums on the local currency declined.

* Fed considers slower rate hikes to be appropriate

* CRISIL revises India’s GDP forecast for FY23 down from 7.3% to 7%

EURINR

* EURINR trading range for the day is 84.05-84.83

* Euro remained supported as investors weighed mixed signals from European Central Bank policymakers on their stance on interest rates

* ECB's Nagel opens door to smaller hikes but sees long way to go

* Europe to be hit hardest in global slowdown – OECD

GBPINR

* GBPINR trading range for the day is 96.81-98.23

* GBP gains as investors turned to riskier assets on expectations of a slowdown in monetary tightening and welcomed the new UK budget.

* UK government borrows less than expected in October, but worse to come

* The Bank of England said recently that market expectations of rate rises were too high.

JPYINR

* JPYINR trading range for the day is 57.7-58.1

* JPY remained in range as US Federal Reserve officials reiterated their commitment to bringing down inflation

* BOJ Governor Kuroda stressed the need to maintain ultra-loose monetary policy to support the economy

* The country’s trade deficit widened more than expected in October

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