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USDINR

USDINR trading range for the day is 75.08-75.64.

USDINR dropped amid renewed optimism about the economy and increased risk appetite among investors.

RBI Governor for continued policy support to nurture economic revival: MPC minutes

Encouraging news around the omicron variant also lifted sentiment, including a South African study suggesting the virus is less severe

EURINR

EURINR trading range for the day is 84.89-85.83.

Euro dropped amid concerns over Europe's slowing economic growth as the region struggles with surging prices and new COVID restrictions.

ECB's Lagarde: The forecast for economic growth appears to be positive

The European Central Bank announced last week a reduction in the pace of its asset purchases over the coming quarter

GBPINR

GBPINR trading range for the day is 100.34-101.36.

GBP gains as support seen after studies suggested that the Omicron coronavirus variant is milder than earlier versions of COVID-19

Data showed the UK economy recovered from the pandemic faster than previously thought and the government decided not to toughen restrictions

UK retail sales growth eased more-than-expected in December and high street sales are forecast to be poor next month

JPYINR

JPYINR trading range for the day is 65.58-66.46.

JPY dropped as the index of leading economic indicators in Japan, was revised lower to 101.5 in October 2021

Japan raises FY2022 GDP growth estimate amid risks to outlook

The stimulus spending is expected to push up GDP by 1.5% this fiscal year and 3.6% next fiscal year, the officials said.

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