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USDINR

* USDINR trading range for the day is 81.08-82.42.

* Rupee declined weighed by dollar demand from oil companies and other importers

* India services growth strongest in 3 months

* Fed funds futures traders are now pricing for the Fed's benchmark rate to peak at 4.92% in May

EURINR

EURINR trading range for the day is 85.53-87.03

Euro remained supported as investors bet the Fed will slow the pace of tightening from its December meeting

Euro zone likely heading into mild recession – PMI

ECB's Lagarde warns some fiscal policies in Europe could fuel excess deman

GBPINR

GBPINR trading range for the day is 99.93-100.95

GBP gained as dollar index fell as China’s Covid policy shift and expectations grew that the Fed would slow down the pace of rate hikes

The S&P Global/CIPS UK Services PMI was confirmed at 48.8 in November of 2022

UK private sector output continues to fall in November

JPYINR

JPYINR trading range for the day is 60.35-61.05

JPY dropped after data showed Japan Composite PMI stood at 48.9 in November 2022, down from a final 51.8 in the prior month.

This was the first contraction in private sector activity since August and the steepest pace since February

Japan Services PMI was revised higher to 50.3 in November of 2022 from preliminary estimates of 50.0.

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