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USDINR

USDINR trading range for the day is 74.14-74.9.

USDINR dropped, the strongest in near six weeks following year-end dollar selling by banks and exporters amid muted domestic equities.

Government may beat Fy22 fiscal deficit target, says India Ratings

Exports rise 36% during December 1-21: Commerce Ministry

EURINR

EURINR trading range for the day is 83.98-84.9.

Euro dropped amid concerns over Europe's slowing economic growth on the back of surging prices and new COVID restrictions.

Euro zone inflation forecasts subject to downside and upside risks – ECB's Visco

The European Central Bank is seen tightening policy slower than the US Federal Reserve.

GBPINR

GBPINR trading range for the day is 100.28-100.98.

GBP dropped as investors turned cautious amid record rises in coronavirus cases and prospects of tighter central bank policy next year to fight inflation.

British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods

The current account deficit in the UK widened sharply to GBP 24.4 billion or 4.2% of the GDP in the third quarter of 2021

JPYINR

JPYINR trading range for the day is 64.45-65.17.

JPY dropped fell out of favor among investors amid an improving risk appetite and optimism that the omicron variant won’t derail the global recovery.

The Bank of Japan signaled that it would lag behind other central banks in scaling back monetary stimulus.

Inflation also remained subdued despite higher input costs as firms were reluctant to pass on rising costs to consumers.

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