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USDINR

USDINR trading range for the day is 74.01-74.51.

USDINR dropped to its lowest level in nearly two months aided by dollar inflows, while the benchmark 10-year bond yield hit fresh two-year highs

The Indian economy will return to growth in the ongoing fiscal year, helped by a favourable base effect and a rebound in economic activity.

India 10 Year Government Bond Yield increased to a 23-month high of 6.551%, tracking a rally in US treasury yields after FOMC minutes

EURINR

EURINR trading range for the day is 83.89-84.53.

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

Elsewhere, concerns over Europe's slowing economic growth on the back of surging prices and rising COVID cases also weighed on sentiment.

The consumer confidence indicator in the Euro Area was confirmed at -8.3 in December 2021, the lowest level since March

GBPINR

GBPINR trading range for the day is 100.57-101.17.

GBP remained in range amid rate rise expectations and easing fears about the adverse impact of the Omicron variant on the economy.

Omicron variant of COVID-19 proving less disruptive to the economy than originally feared

Survey data for Britain's construction sector showed growth cooled in December, falling to a three-month low.

JPYINR

JPYINR trading range for the day is 64.1-64.48.

JPY remained under pressure as the Japanese finance minister stressed the need for currency stability

BOJ may raise FY22 inflation forecast to 1% or higher from current 0.9% – Yomiuri

The services sector in Japan continued to expand in December, albeit at a slower pace, with a services PMI score of 52.1.

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