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USDINR

USDINR trading range for the day is 76.04-76.9.

USDINR dropped ahead of US CPI data along with lower oil prices and inflows into local stocks.

Indian Finance Ministry Official: The RBI will issue digital currency using block chains in 2022/2023.

Global crude oil prices edged down from their record highs of $130 per barrel as traders try to gauge the impact of fresh Russian oil sanctions by the US and the UK.

EURINR

EURINR trading range for the day is 84.25-84.91.

Euro supported on reports that European Union countries were discussing joint bond issuance to finance energy and defence spending.

ECB plans to end asset purchases in the third quarter, accelerating its exit from extraordinary stimulus in a surprise move

Eurozone GDP growth slows on weak consumer spending

GBPINR

GBPINR trading range for the day is 100.42-101.08.

GBP remained under pressure as investors' focus shifted to potential monetary tightenin

The UK announced new sanctions against Russia, namely a ban on all Russian aircraft from overflying the country and seizing any plane in the UK

Money markets are pricing a total of 153 basis points of interest rate hikes from the BoE before the end of the year

JPYINR

JPYINR trading range for the day is 65.54-66.3.

JPY dropped as traders dumped havens assets in favor of equity allocations following a plunge in oil prices amid signs of peace talks between Moscow and Kyiv.

The central bank has reaffirmed its commitment to stay dovish as it seeks to support the Japanese economic recovery

BoJ may downgrade its economic assessment at next week's policy meeting

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