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USDINR

USDINR trading range for the day is 82.52-82.94.

Rupee firmed after U.S. data signalled domestic inflation was cooling, which could likely discourage Fed from hiking interest rates sharply.

The central bank's likely intervention helped the currency end almost flat for the week and sent forward premiums to a one-month high.

The MPC is mandated to bring retail inflation down to 4% over the medium term while keeping it within the target band of 2%-6%.

EURINR

EURINR trading range for the day is 87.74-88.12.

Euro remained in range as investors continue to assess hawkish central bank outlooks, from the ECB and a looming recession in Europe.

The central bank also revised its inflation forecasts higher while the growth outlook was revised sharply lower.

Fresh PMIs for December showed private sector activity in the Euro Area shrank at the slowest pace in four months

GBPINR

GBPINR trading range for the day is 99.61-100.11.

GBP remained under pressure amid fears that the global economy might head into a severe recession

BOE said inflation had peaked, suggesting there could be a pause in the current policy tightening next year.

Data showed UK CPI inflation fell to 10.7% in November, from a 41-year high of 11.1% in October

JPYINR

JPYINR trading range for the day is 61.86-62.8.

JPY dropped on profit booking after BOJ Kuroda pushed back against speculations that the central bank would soon exit its ultra-loose monetary policy

Bank of Japan Governor Haruhiko Kuroda reiterated that the Bank of Japan will maintain the yield curve at a low level

The core consumer price index in Japan, jumped 3.7% in November 2022 from a year ago, accelerating at the fastest pace since December 1981

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