Rupee Weakened as Dollar Demand From Importers Eroded The Positive Global Cues

# trading range for the day is 83.05-83.29.

# Rupee weakened as dollar demand from importers, including local oil companies, eroded the impact of positive global cues.

# India\\'s current account deficit narrowed to USD 8.3 billion in the July-September 2023 quarter

# Fiscal deficit at 6% to exceed government target in FY24: Ind-Ra.

# trading range for the day is 91.47-91.79.

# Euro remained in range after fresh PCE inflation for the US reinforced bets the Fed will start cutting interest rates next year

# Traders also anticipate the ECB to decrease borrowing costs next year, possibly aligning with the Fed\\'s pace

# Euro zone consumer confidence rose by 1.8 points in December from the November number.

# trading range for the day is 105.35-105.85.

# GBP dropped as Q3 data showed a contraction in the British economy

# The CPI report showcased a slowdown in UK inflation to 3.8%, below the projected 4.4%

# The core inflation rate dropped to 5.1%, lower than the expected 5.6%.

# trading range for the day is 58.28-58.6.

# JPY dropped despite Bank of Japan Governor Kazuo Uedas latest remarks alluding to progress on inflation.

# Ueda said the likelihood of Japan\\'s economy getting out of the low-inflation environment

# Japans unemployment rate stood at 2.5% in November 2023, unchanged from the previous month.