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USDINR

USDINR trading range for the day is 82.54-83.04.

Rupee declined on weak risk sentiment after the Bank of Japan (BOJ) delivered an unexpected hawkish policy change.

India’s economic activity looks set to slow as resilience wanes

Purchasing managers’ surveys for November showed that activity across the services and manufacturing sectors improved

EURINR

EURINR trading range for the day is 87.49-88.35

Euro gains as uncertainty about the path for interest rates and mounting fears about a recession continued to spook investors away from the greenback.

Germany producer inflation slows to 9-month low

ECB's strong policy response needed for next half – year, Kazimir says

GBPINR

GBPINR trading range for the day is 99.86-101.32

GBP dropped with investors fretting over the implications of tighter global monetary policy on growth.

UK Manufacturing PMI declined to 44.7 in December 2022, from 46.5 in November

BOE raised interest rates by 50 basis points and indicated that the tightening cycle is far from done despite signs of a sharp economic downturn.

JPYINR

JPYINR trading range for the day is 61.34-63.32

JPY rallied after the hawkish BOJ policy tweak

BOJ maintained its key short-term interest rate at -0.1% and that for 10-year bond yields at around 0% during its December meeting

The BOJ also decided to sharply increase the amount of government bond buying, it said in a policy statement.

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