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USDINR

USDINR trading range for the day is 74.27-74.73.

USDINR remained in range as traders braced for a more aggressive tightening by the Federal Reserve to tame persistently high inflation.

India's overall economic activity remains strong, driven by an upbeat consumer confidence and uptick in bank credit

The US central bank is set to meet on Jan. 25-26, and although it is not expected to move rates

EURINR

EURINR trading range for the day is 84.34-84.78.

Euro remained steadied after euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed

Euro zone consumer prices jumped at a record high pace in December, the EU's statistics agency confirmed

The euro zone's current account surplus widened in November on a big jump in services trade surplus, European Central Bank data showed.

GBPINR

GBPINR trading range for the day is 101.15-101.79.

GBP remained in range supported by expectations of UK interest rate rises.

Data showed that UK inflation rose faster than expected to its highest in nearly 30 years in December.

Money markets currently price in more than 100 basis points (bps) in interest rate rises in 2022 and an 87% chance of a 25 bps increase in February

JPYINR

JPYINR trading range for the day is 64.89-65.45.

JPY gains as the Bank of Japan flagged broadening inflationary pressures on its quarterly outlook report.

The BOJ projected core consumer inflation to hit 1.1% for the fiscal year to March 2023, up from its previous forecast of 0.9%

Japan posted a merchandise trade deficit of 582.2 billion yen in December, the Ministry of Finance said.

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