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USDINR

USDINR trading range for the day is 75.59-76.05.

USDINR remained supported amid surging crude oil prices, and foreign capital outflows as RBI kept interest rate steady at a 4% low.

India’s industrial production growth slowed for the month of October (3.2 percent vs 3.3 percent in September) which further weighed.

Fitch ratings cut India’s GDP forecast to 8.4% for the current fiscal year but raised the growth projection to 10.3% for the next fiscal year.

EURINR

EURINR trading range for the day is 85.23-85.9.

Euro settled flat as major central banks, including the ECB and the Fed, will be meeting to discuss monetary policy this week

Policymakers in the Euro Area are due to decide on the future of the bond-buying program, while the US central bank will probably speed up its tapering of bond purchases

German cabinet passes climate fund booster with 60 bln euro extra budget

GBPINR

GBPINR trading range for the day is 100.16-100.8.

GBP recovered to end with gains as investors await the outcome of key central bank meetings this week.

PM Boris Johnson says booster jabs to be offered to all adults by end of the year to tackle 'tidal wave' of Omicron cases

Health Secretary Sajid Javid said that the Omicron variant was spreading at a "phenomenal rate" in England

JPYINR

JPYINR trading range for the day is 66.49-67.01.

JPY remained supported as confidence among Japan's large service-sector firms improved in the three months to December

However upside seen limited remaining vulnerable to Omicron variant-related headlines and expectations of further policy tightening by the Federal Reserve

Japan's Oct machinery orders rise for first time in 3 months

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