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USDINR

USDINR trading range for the day is 75.91-76.7.

USDINR gained amid concerns over the rapid spread of the Omicron variant in the country

ADB lowers India’s FY22 GDP growth to 9.7%

Trade deficit soars to record high on a sequential drop in exports

EURINR

EURINR trading range for the day is 85.55-86.41.

Euro gained amid weakness in Rupee as major central banks, including the ECB and the Fed, will be meeting to discuss monetary policy this week.

Germany's Ifo institute slashes GDP growth forecast for 2022

Spain consumer price inflation rose less than estimated in November, but remained the strongest since 1992

GBPINR

GBPINR trading range for the day is 100.34-101.82.

GBP rose after data showed UK inflation data zipped to a decade high, hardening expectations of a rate hike as early as February.

While markets were assigning more than a 60% probability of a 15 bps interest rate increase, up from 50%.

The International Monetary Fund urged the Bank of England to avoid an "inaction bias" when it came to raising interest rates.

JPYINR

JPYINR trading range for the day is 66.81-67.31.

JPY seen supported after BOJ's Kuroda says inflation may approach 2% target through 'various channels

BOJ is also expected to consider whether to scale back pandemic-related emergency funding programs.

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

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