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USDINR

* USDINR trading range for the day is 82.48-82.98.

* USDINR eased as investors continued to mull over the Federal Reserve’s rate hike path

* India’s economic activity looks set to slow as resilience wanes

* The USD/INR forward premium added to last week's surge with the 1-year implied yield rising to 2.06%, the highest in over three weeks.

EURINR

* EURINR trading range for the day is 87.46-88.32.

* Euro dropped as investors were concerned about a hawkish European Central Bank and increasing bond supply.

* Euro zone business activity falls at slower rate in Dec, inflation eases – PMI

* The ECB pledged further rate hikes to fight inflation but also announced it would start reducing its 5 trillion euro bond holdings from March.

GBPINR

* GBPINR trading range for the day is 100.26-101.5.

* GBP remained in range with investors fretting over the implications of tighter global monetary policy on growth.

* UK Manufacturing PMI declined to 44.7 in December 2022, from 46.5 in November

* BOE raised interest rates by 50 basis points and indicated that the tightening cycle is far from done despite signs of a sharp economic downturn.

JPYINR

* JPYINR trading range for the day is 60.6-61.

* JPY gained on news that the Japanese government could soon revise a joint statement with the BOJ over the latter's inflation target.

* Japan govt to consider revising joint statement with BOJ

* Japan govt to revise statement with BOJ to water down price target – Kyodo

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