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USDINR

USDINR trading range for the day is 76.5-77.7.

USDINR gained as a sharp surge in global crude oil prices threatened to push up imported inflation and widen the country's trade and current account deficits.

The key concern, however, is whether the RBI will be forced to act to contain inflation by raising interest rates in the aftermath of the Ukraine crisis.

So far, the RBI has reiterated its commitment to reviving economic growth and keeping policy accommodative.

EURINR

EURINR trading range for the day is 83.36-84.4.

Euro extended its slide as the Russian-Ukraine conflict showed no sign of cooling.

ECB to wait until Q4 to raise rates despite rampant inflation

Euro zone unemployment is a record low and economy is more exposed to the armed conflict on the continent.

GBPINR

GBPINR trading range for the day is 101.17-102.23.

GBP remained in range as weakness in Rupee supported amid escalating conflict in Ukraine.

Currency traders are trying to assess how the escalation of tensions and its economic impact might alter the Bank of England’s rate hike path in the near term

UK house prices rose at the fastest annual pace since mid-2007 to a record high in February

JPYINR

JPYINR trading range for the day is 65.99-67.73.

JPY rallied as safe-haven flows to the currency spurred by the Russia-Ukraine conflict offset pressure from a rallying dollar.

Japan’s core inflation rate slowed to 0.2% in January, falling short of expectations and remaining well below the central bank target.

BOJ has repeatedly stated that it will keep ultra-loose monetary policies to support the economic recovery and achieve the 2% inflation target

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