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USDINR

* USDINR trading range for the day is 82.25-82.67.

* Rupee closed little changed as gains from softer crude prices were offset by weakness in the broader markets.

* RBI cuts FY23 GDP growth forecast to 6.8%

* The RBI's stance signals more rate hikes are on the cards and that has brought some relief to the local unit.

EURINR

* EURINR trading range for the day is 86.36-86.98.

* Euro remained in range as investors remain cautious amid lingering concerns over a recession and rising interest rates and inflation.

* ECB chief economist Philip Lane told he is confident inflation is close to peak and that more rate increases will be necessary

* Investors are getting increasingly confident ECB will deliver a 50bps rate hike on December 15th.

GBPINR

* GBPINR trading range for the day is 99.68-100.96.

* GBP remained in range amid growing confidence that the UK is getting its spending and borrowing fiscal plans align with the reality.

* Bank of England set to raise rates to 3.5% after inflation hits 41-year high

* BOE Governor Bailey has been warning markets that tightening expectations is overdone with the nation toppling into a two-year recession.

JPYINR

* JPYINR trading range for the day is 60.05-60.59.

* JPY recovered after prices seen as better-than-expected US services activity data suggested that Fed could raise interest rates for longer.

* Japan manufacturers’ mood hits 3-month high

* Japan coincident index drops to 3-month low

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