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USDINR

USDINR trading range for the day is 75.9-76.72.

USDINR settled flat after Fed Chair Powell said rates could increase more than the previously approved 25 basis points if needed.

The central bank governor said inflation was expected to moderate going forward despite "unimaginably uncertain" global prices.

Fed will raise rates more aggressively if needed, Powell says

EURINR

EURINR trading range for the day is 83.62-84.38.

Euro dropped as the odds are rising the ECB will raise interest rates this year and traders continue to follow developments around Russia-Ukraine ceasefire talks.

ECB’s Lagarde said that the Fed and ECB will also move out of sync, as the war in Ukraine has very different impacts on their respective economies.

ECB should keep 2022 rate hike on agenda, if inflation warrants it – Nagel

GBPINR

GBPINR trading range for the day is 100.03-101.13.

GBP gains as investors await finance minister Rishi Sunak's Spring Statement and fresh economic data for an update on the UK economic recovery.

The Bank of England hiked its interest rate by 25 basis points and signalled a slower pace of tightening

The UK government recorded a £13.1 billion deficit in its public finances in February of 2022

JPYINR

JPYINR trading range for the day is 62.58-64.2.

JPY dropped after Fed Chair Powell raised bets on higher U.S. interest rates and widened the policy gap on a dovish Bank of Japan

BOJ's Kuroda renews powerful easing pledge in wake of hawkish Fed signal

Benchmark 10-year yields rose 14 bps and, at 2.0914%, the gap on anchored 10-year Japanese yields is the widest in more than 2-1/2 years.

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