Rupee Remained In Range Amid Robust Influxes Of Foreign Currency And A Hawkish RBI

# trading range for the day is 82.89-83.13.

# Rupee remained in range amid robust influxes of foreign currency and a hawkish RBI.

# RBI held its benchmark interest rate at 6.5% and extended its “withdrawal of accommodation” policy

# RBI has repeatedly intervened in foreign exchange markets to prevent the local currency from sinking.

# trading range for the day is 89.32-89.74.

# Euro gains as interest rate cuts continued to buoy investor confidence.

# German industrial output fell by 1.6% month-over-month in December 2023

# Eurozone consumers have trimmed their expectations for inflation over the next 12 months.

# trading range for the day is 104.48-105.02.

# GBP remained in range as investors tempered their expectations of early interest rate cuts

# BoE\\'s Breeden says less worried that rates will need to rise again

# The Halifax House Price Index rose by 2.5% yoy in January 2024.

# trading range for the day is 55.59-56.33.

# JPY dropped as the latest central bank commentary countered bets on an aggressive shift in Japans monetary policy.

# The value of loans in Japan increased by 3.1% year-on-year in January 2024

# Reduced Fed rate cut bets favor the USD bulls and should limit deeper losses for the pair.