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USDINR

USDINR trading range for the day is 74.31-74.67.

USDINR remained under pressure following reduced concerns over the severity of the Omicron coronavirus variant.

India likely to trim fiscal deficit target as Omicron cases rise

India’s business activity slips to three-month low at 55.5 in Dec

EURINR

EURINR trading range for the day is 84.12-84.44.

Euro dropped as sentiment was hit by the prospect of faster interest rate hikes by the Federal Reserve due to a tight jobs market and unrelenting inflation

Fresh economic releases showed industrial production in Germany and France unexpectedly contracted in November

Industrial production in Germany unexpectedly edged down 0.2% mom in November

GBPINR

GBPINR trading range for the day is 100.49-101.21.

GBP remained in range amid expectations the Bank of England will be raising interest rates as early as next month to tame inflation.

UK house prices in December were 9.8% higher than a year earlier, the sharpest annual increase since July 2007.

UK policymakers surprised investors by hiking Bank Rate from a record low, and markets have priced in up to four hikes this year.

JPYINR

JPYINR trading range for the day is 64.19-64.53.

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

Japan finmin: Closely watching forex impact on economy

Japan's Nov household spending extends declines in sign of weak sentiment

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