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Abstract:# trading range for the day is 83.18-83.3.# Rupee hovered in a tight range as traders awaited the ou
# trading range for the day is 83.18-83.3.
# Rupee hovered in a tight range as traders awaited the outcome of the Fed meeting and India\\'s federal budget.
# India is likely to reduce its fiscal deficit by at least 50 basis points
# The market expects the FOMC to keep rates at 5.25–5.50% unchanged at its January meeting.
# trading range for the day is 89.96-90.6.
# Euro dropped as investors turned cautious ahead of a raft of economic data this week
# Slower wage growth needed for euro zone rate cuts, ECB\\'s Knot says
# ECB held rates steady at a record high and batted back talk of cuts despite a raft of indicators showing that economic growth are softening
# trading range for the day is 105.51-105.91.
# GBP steadied as traders looked ahead to the first Bank of England policy meeting
# UK inflation expectations fall as BoE readies rates message
# Money markets are currently pricing a 42% chance of a cut in May, while June is given a 74% chance.
# trading range for the day is 56.45-56.81.
# JPY seen pressured after inflation in Tokyo fell below the BoJs 2% target
# BoJ signaled its commitment to achieving the 2% inflation target and raised expectations of a rate hike in the coming months
# The index of coincident economic indicators in Japan, at its lowest level since March.
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