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USDINR

* USDINR trading range for the day is 82.43-83.02.

* Rupee weakened amid a slide in domestic equities, as the dollar index jumped after strong U.S. data

* Citi cuts India current account deficit forecast to below 3% of GDP

* The S&P Global India Services PMI increased to 58.5 in December 2022 from 56.4 in November

EURINR

* EURINR trading range for the day is 86.85-87.41.

* Euro remained under pressure as dollar recovered to 105 as a resilient US labor market supported the Fed’s case to continue raising interest rates.

* Factory orders in Germany plunged 5.3% month-over-month in November of 2022

* Retail sales in Germany jumped 1.1% month-over-month in November of 2022

GBPINR

* GBPINR trading range for the day is 97.73-99.05.

* GBP dropped after business data highlighted the likelihood that Britain is already in recession.

* UK House price growth lowest since October 2019

* The S&P Global/CIPS UK Construction PMI dropped to 48.8 in December 2022 from 50.4 in the previous month

JPYINR

* JPYINR trading range for the day is 61.57-62.23.

* JPY dropped amid disappointing services and composite PMI data in Japan, as well as falling real wages

* The au Jibun Bank Japan Services PMI stood at 51.1 in December 2022, compared with a flash print of 51.7 and after a final 50.3 in November

* The au Jibun Bank Japan Composite PMI was at 49.7 in December 2022, compared with a flash figure of 50.0 and after a final 48.9 a month earlier

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