# trading range for the day is 82.52-82.94.
# Rupee firmed after U.S. data signaled domestic inflation was cooling, which could likely discourage Fed from hiking interest rates sharply.
# The central bank’s likely intervention helped the currency end almost flat for the week and sent forward premiums to a one-month high.
# The MPC is mandated to bring retail inflation down to 4% over the medium term while keeping it within the target band of 2%-6%.
# trading range for the day is 87.74-88.12.
# Euro remained in range as investors continue to assess hawkish central bank outlooks, from the ECB and a looming recession in Europe.
# The central bank also revised its inflation forecasts higher while the growth outlook was revised sharply lower.
# Fresh PMIs for December showed private sector activity in the Euro Area shrank at the slowest pace in four months
# trading range for the day is 99.61-100.11.
# GBP remained under pressure amid fears that the global economy might head into a severe recession
# BOE said inflation had peaked, suggesting there could be a pause in the current policy tightening next year.
# Data showed UK CPI inflation fell to 10.7% in November, from a 41-year high of 11.1% in October
# trading range for the day is 61.86-62.8.
# JPY dropped on profit booking after BOJ Kuroda pushed back against speculations that the central bank would soon exit its ultra-loose monetary policy
# Bank of Japan Governor Haruhiko Kuroda reiterated that the Bank of Japan will maintain the yield curve at a low level
# The core consumer price index in Japan, jumped 3.7% in November 2022 from a year ago, accelerating at the fastest pace since December 1981.
