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USDINR

USDINR trading range for the day is 81.39-82.09.

Rupee rose amid inflows from bond selling, and a weaker dollar driven by hopes of slower rate increases by the Fed.

World Bank sees India growth slowing to 6.6% in FY24

Domestic retail inflation is due Thursday, and forecasts predict a steady 5.9% rate to hold below the central bank target of 2-6% for a second month.

EURINR

EURINR trading range for the day is 87.43-88.31.

ECB dropped as investors believe inflation has peaked, but worried about the prospect of a global economic recession.

ECB’s Schnabel indicated interest rates would need to be hiked significantly at a steady pace, given that inflation is still running at 9.7%

Industrial production in Germany grew by 0.2% month-over-month in November of 2022

GBPINR

GBPINR trading range for the day is 98.64-99.9.

GBP dropped following downbeat data and a reminder from the Bank of England's chief economist that inflation could prove persistent.

A series of surveys showed British consumer spending rose in December seemingly defying the cost-of-living crisis but lagged inflation.

BOE’s Pill reinforced this in remarks, when he said Britain was at risk of persistent inflationary pressure from a tight labour market

JPYINR

JPYINR trading range for the day is 60.96-62.52.

JPY dropped as pressure seen after Japan leading index falls to near 2-year low

Japan coincident index down to 6-month low

Japan foreign reserves rise for 2nd month

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