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USDINR

USDINR trading range for the day is 73.85-74.17.

USDINR remained in range after U.S. inflation proved weaker than feared in December, prompting investors to cut crowded long positions in the currency.

The World bank retained India’s growth forecast at 8.3% for FY22, while raising it to 8.7% for FY23

India retail inflation rises to 5.59% in December, hits 5-month high

EURINR

EURINR trading range for the day is 84.25-85.27.

Euro rose after the US inflation report showed a historic gain but the reading came in line with expectations

Investor morale in the euro zone rose in January as economic momentum is not expected to slow down

Eurozone industrial production rose for the first time in four months in November, preliminary data from Eurostat showed.

GBPINR

GBPINR trading range for the day is 100.9-102.14.

GBP rose as investors continued to assess the outlook for monetary stimulus and inflationary risks

Investors expect a February rate hike from the BOE to back the pound and saw limited political risks linked to PM Johnson's party scandal.

British lenders expect demand for mortgage lending will fall in the first three months of 2022 after decreasing in late 2021, the Bank of England said.

JPYINR

JPYINR trading range for the day is 64.25-64.95.

JPY rose as the greenback retreated after US inflation data came in line with expectations.

The Bank of Japan is widely expected to maintain its ultra-loose policy as Japanese inflation remained well below the 2% central bank target.

A measure of the public assessment of the Japanese economy increased in December

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