Rupee Plummeted Due To Dollar Demand From Local Oil Businesses

# trading range for the day is 82.91-83.33.

# Rupee fell weighed down by dollar demand from local oil companies and a jump in U.S. Treasury yields

# India Services PMI was revised higher to 61.8 in January 2024

# India Composite PMI was revised upward to 61.2 in January 2024

# trading range for the day is 89.27-89.87.

# Euro dropped as stronger-than-expected US economic data and another pushback from the Fed further dented sentiment.

# Germany's trade surplus increased to EUR 22.2 billion in December 2023, surpassing market forecasts of EUR 18.8 billion

# Euro zone inflation dips but core figures may disappoint

# trading range for the day is 104.4-105.16.

# GBP lost ground as the dollar surged after blockbuster US jobs data.

# BoEs Huw Pill mentioned that the right time for the rate cuts is probably still some time away.

# Fed Chair Jerome Powell reiterated that the March meeting is too soon to start rate cuts.

# trading range for the day is 56.1-56.38.

# JPY dropped as a stronger-than-expected US jobs report and another pushback from Fed

# The au Jibun Bank Japan Composite PMI was revised upward to 51.5 in January 2024

# The au Jibun Bank Japan Services PMI was revised higher to 53.1 in January 2024.