Rupee Remained Stable Ahead Of Crucial Inflation Data

# trading range for the day is 82.91-83.21.

# Rupee ended little changed ahead of the key U.S. inflation data that could potentially help investors reassess the outlook for interest rates.

# The annual inflation rate in the US rose to 3.4% in December, from 3.1% in November.

# India is on track to become one of the top three global economies, Indian Prime Minister Modi said.

# trading range for the day is 90.98-91.5.

# Euro gains as investors digested comments from multiple ECB policymakers.

# Eurozone facing weak growth, possible recession, ECB\\'s de Guindos says.

# Euro zone\\'s services sector may slow further, ECB says.

# trading range for the day is 105.67-106.21.

# GBP rose as investors digested remarks by Bank of England Governor Andrew.

# The governor told the UK parliament that consumers and the UK economy are holding up despite the rapid rise in borrowing costs.

# Money markets currently pricing in around 115 basis points (bps) of BoE rate cuts in 2024.

# trading range for the day is 57.11-57.53.

# JPY dropped as investors awaited US inflation data and domestic inflation figures.

# Bank of Japan maintained ultra-loose monetary settings and did not comment on ending negative rates.

# Reserve assets in Japan rose to $1.295 trillion in December, highest level since July 2022.