Rupee Dropped After Risk In Regional Markets Also High Inflationary Pressures

# trading range for the day is 82.93-83.41.

# Rupee dropped amid a risk-off in regional markets amid high inflationary pressures continuing to cloud the interest rate outlook.

# India\\'s wholesale inflation rose to a nine-month high of 0.73% in December.

# The ongoing tension in the Red Sea will lead to an oil price hike in India.

# trading range for the day is 90.36-90.8.

# Euro dropped after ECB policymakers pushed back on expectations of interest rate cuts.

# Joachim Nagel stated it was premature to discuss cuts, citing high inflation levels.

# Eurozone industrial activity contracted for the third consecutive month in November.

# trading range for the day is 104.67-105.63.

# GBP dropped due to data indicating a labor market slowdown.

# Regular pay growth in the UK decelerated to 6.6% in September-November, the weakest rate since November-January 2023.

# Total pay growth dropped to 6.5%, below the forecasted 6.8% and lowest since Q1 of the previous year.

# trading range for the day is 56.71-57.09.

# JPY weakened due to easing domestic inflation, reducing pressure on the Bank of Japan to raise interest rates.

# Japan\\'s wholesale inflation was flat in December, slowing for the 12th straight month.

# Producer prices in Japan showed no growth year-on-year in December, beating market forecasts.