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USDINR

Observations

USDINR trading range for the day is 82.54-82.96 Rupee inched up as the dollar index stalled after a recent rally, with investors awaiting minutes of the Federal Reserve meeting due mid-week. India will continue with efforts to curb inflation - finance minister Fed funds future indicate an over-80% chance of two 25 basis point hikes at both the next meetings

EURINR 

Observations

EURINR trading range for the day is 88.24-88.66 Euro gains as risk sentiment improved, but investors remain cautious amid prospect of further monetary tightening from the Federal Reserve. Two ECB policymakers said that interest rates in the euro zone still have some way to rise, pushing up market pricing for the peak ECB rate. ECB's Schnabel says markets may be underestimating inflation

GBPINR

Observations

GBPINR trading range for the day is 99.22-99.9 GBP gains as January retail sales data showed British shoppers were out in force last month. British consumers unexpectedly increased their shopping in January, as sales volumes rose by 0.5% from December Data showed UK consumer price inflation (CPI) cooled to 10.1% last month, the lowest reading since September.

JPYINR

Observations

JPYINR trading range for the day is 61.54-61.98 JPY gains as investors continued to assess the outlook for monetary policy in Japan Investors also continued to assess the implications of Kazuo Ueda’s nomination as the next Bank of Japan governor. BOJ to launch pilot programme in April for issuing digital yen

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