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USDINR

USDINR trading range for the day is 76.37-77.43.

USDINR dropped on talk of a possible end to Ukraine war.

The Federal Reserve is set to raise interest rates by 25 basis points at the March meeting

Fed chair Powell opened the door for moving more aggressively down the line should high inflation persist.

EURINR

EURINR trading range for the day is 83.98-84.6.

Euro gained after reports the European Union is considering jointly issuing bonds to finance energy and defense spending amidst Russia’s invasion of Ukraine.

German industrial output rises in January

Euro zone economic growth was driven mainly by investment and rising inventories over the last three months of 2021

GBPINR

GBPINR trading range for the day is 100.79-101.39.

GBP remained under pressure as investors weighed the financial implications of massive Western sanctions against the Russian economy.

Money markets are pricing a total of 153 basis points of interest rate hikes from the BoE before the end of the year with a hike next week.

UK retail sales logged another strong growth in February

JPYINR

JPYINR trading range for the day is 65.91-66.79.

JPY dropped after central bank chief BOJ Kuroda ruled out the chance of tightening monetary policy to deal with any commodity-driven rise in inflation

BoJ Shimizu says Japan likely to avert stagflation in Diet testimony

Inflation clearly to accelerate due to rising energy, raw materials prices

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