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USDINR

USDINR trading range for the day is 74.16-75.14.

USDINR dropped in the first week of January, the weakness in almost 7 weeks, tracking gains in domestic equities.

The IHS Markit India Manufacturing PMI was down to 55.5 in December 2021 from a tenth-month high of 57.6 in October

GST collection stays above Rs 1 lakh crore for sixth month in a row

EURINR

EURINR trading range for the day is 84.43-84.95.

Euro remained supported as Euro zone factory growth stayed strong in Dec as supply issues eased

Concerns over Europe's slowing economic growth on the back of surging prices and rising COVID cases mounted

ECB took another small step in rolling back crisis-era stimulus last month but raised its inflation projections and now sees it at 3.2% this year

GBPINR

GBPINR trading range for the day is 100.46-101.

GBP remained supported as the UK government avoided imposing further coronavirus restrictions at the end of the year

UK sees higher inflation and taxes as COVID cases rise

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

JPYINR

JPYINR trading range for the day is 64.55-65.03.

JPY settled flat 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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