Rupee Steadied As An Uptick In Dollar Index Eroded Early Gains

# trading range for the day is 82.99-83.11.

# Rupee ended little changed as an uptick in eroded the local currency\\'s early gains

# Annual retail inflation in India eased to 5.1% in January 2024, the lowest in three months

# Investors are currently pricing in a 17.5% chance of a rate cut in March and about 63% in May.

# trading range for the day is 89.34-89.88.

# Euro remained in range as investors cautiously awaited key US inflation data that could guide the interest rate outlook globally

# The Fed rate cut uncertainty keeps the USD bulls on the defensive and lends support to the major.

# ECB rate cut bets might cap gains for the shared currency ahead of the US CPI report on Tuesday.

# trading range for the day is 104.57-105.17.

# GBP steadies as investors grow more convinced by BOEs determination to keep interest rates where they are for now

# The UK employment and inflation data will be the major triggers in the week ahead.

# British house prices rose 2.5% in the year to January, the strongest annual growth rate for a year.

# trading range for the day is 55.76-56.

# JPY remained in range as investors cautiously awaited US consumer inflation data or clues on the potential trajectory of interest rates.

# BoJs Uchida said that aggressive tightening is unlikely even after an exit from the negative interest rate policy.

# Traders now move to the sidelines and wait for this weeks release of key US inflation figures.