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USDINR

USDINR trading range for the day is 74.83-75.21.

USDINR gained as investors became concerned with the 2022-23 federal budget on the top of surging global crude oil prices and continuous foreign fund outflows

India may cut record 2022/23 market borrowing plan by up to 600 billion rupees

India's services PMI slumps to 51.5 in January, slowest expansion in six months

EURINR

EURINR trading range for the day is 84.53-84.93.

Euro dropped as Euro zone business growth lost more momentum in Jan as Omicron hit demand

The ECB maintained key interest rates at record low levels in February 2022, despite record rises in inflation.

Euro zone fiscal support for economy to shrink in 2023

GBPINR

GBPINR trading range for the day is 101.39-101.91.

GBP steadied as investors prepare for a more hawkish tone from the Bank of England’s monetary policy statement.

The Bank of England raised its key Bank Rate by 25bps to 0.5% during its February 2022 meeting, in line with expectations.

The IHS Markit/CIPS UK Composite PMI was revised higher to 54.2 in January of 2022 from a preliminary of 53.4

JPYINR

JPYINR trading range for the day is 65.19-65.69.

JPY dropped as BOJ deputy governor Masazumi Wakatabe said it is premature to tighten monetary policy before inflation hits the bank’s 2% target.

The yen slipped as the dollar found some footing after a slide in equity futures and ahead of key central bank meetings.

Japan's service sector shrinks at fastest pace in 5 months – PMI

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