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USDINR

USDINR trading range for the day is 74.68-75.12.

USDINR remained in range a day before the release of U.S. consumer price data that may offer new clues on the pace of Federal Reserve policy tightening.

India cenbank seen holding repo rate steady and raising reverse repo

Indian 10 year government bond yield inched down to 6.8% from a 2-½-year high of 6.89% hit on February 3rd

EURINR

EURINR trading range for the day is 85.37-85.87.

Euro steadied after ECB’s President Lagarde earlier this week dialed down expectations of aggressive interest rate hikes.

ECB’s Lagarde said there was no need for extensive tightening, trying to temper rising expectations for aggressive action

ECB will do what is needed to meet 2% inflation target – Villeroy

GBPINR

GBPINR trading range for the day is 101.22-101.98.

GBP gains as investors will be monitoring political developments as Prime Minister Boris Johnson fights for his political survival.

The dollar stayed in a holding pattern a day before the release of U.S. consumer price data that may offer new clues on the pace of Fed policy tightening.

Bank of England Governor Andrew Bailey said not to take for granted the BoE was embarking on a long series of rate hikes

JPYINR

JPYINR trading range for the day is 64.74-65.12

JPY seen under pressure as BOJ’s Wakatabe said it is premature to tighten monetary policy before inflation hits the bank’s 2% target.

China's 'zero-COVID' curbs may hurt global growth, says BOJ policymaker

A measure of the public assessment of the Japanese economy decreased in January

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