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USDINR

USDINR trading range for the day is 74.5-75.18

USDINR gained amid a fresh surge in crude oil prices as tensions escalated between Russia and the West

RBI likely to step in to stabilise rupee in forex market

RBI to conduct sell/buy forex swaps worth $5 billion

EURINR

EURINR trading range for the day is 84.19-85.35

Euro steadied amid hope a diplomatic solution can be reached to solve the conflict and avoid the invasion of Ukraine.

ECB officials edge toward 2022 rate hike to stem inflation

ECB shift may also end world’s longest-running subzero rates

GBPINR

GBPINR trading range for the day is 101-102.12.

GBP steadied as traders continue to bet the BoE will keep with its tight monetary policy as inflationary pressures persist

U.K.’s Boris Johnson Ends Covid Rules in England in Major Policy Shift

Money markets are currently pricing in a 50bps rate hike from the BoE next month, after delivering two 25bps hike in the previous two meetings.

JPYINR

JPYINR trading range for the day is 64.8-65.6

JPY rose as a safe haven as Russia ordered troops into breakaway parts of eastern Ukraine and the West vowed sanctions in response.

Japan watching impact of rate rises by the West on its economy

Japan's Feb factory activity growth falls to 5 – month low – flash PMI

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