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USDINR

USDINR trading range for the day is 74.4-74.8.

USDINR seen supported after Fed's meeting minutes raised expectations for a swifter-than-expected unwinding of monetary stimulus and rate increases.

RBI has said it was unlikely to be influenced by global policy actions but concerns have risen over the need to tighten policy to rein in inflationary pressures.

India 10Y Bond Yield Hits 23-month High

EURINR

EURINR trading range for the day is 84.05-84.81.

Euro remained in range as the European Central Bank is seen slower than other major central banks in tightening monetary policy.

German industrial orders bounce back on strong foreign demand

Euro zone producer prices rose in November more than expected, but on a monthly basis their increase slowed significantly from October

GBPINR

GBPINR trading range for the day is 100.43-101.33.

GBP recovered from lows as investors ramped up expectations that the Bank of England will raise interest rates as early as next month

British consumer spending on credit and debit cards fell sharply in the week to Dec. 30, which covered the Christmas holiday period

Britain pledged 105 million pounds ($141.7 million) in emergency aid to help vulnerable nations, particularly in Africa

JPYINR

JPYINR trading range for the day is 64.19-64.73.

Jpy seen under pressure from rising G-10 yields, higher energy costs and positive risk appetite to begin the year.

BoJ is expected to raise its CPI projection for FY2022 to the low 1% range - Nikkei.

The au Jibun Bank Japan Services PMI was revised higher to 52.1 in December 2021, from a preliminary reading of 51.1 and following a final 53.0 in November

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