Rupee Closed Unchanged As Traders Awaited The Release Of US Inflation Data

# trading range for the day is 83.01-83.09.

# Rupee closed unchanged as traders awaited the release of U.S. inflation data

# The inflation rate in the US declined to 3.1% year-on-year in January from 3.4% in December

# Industrial production in India rose 3.8% year-on-year in December 2023, up from 2.4% in the previous month

# trading range for the day is 89.35-89.71.

# Euro steadied as investors scaled back their expectations of early cuts by the ECB following cautious remarks

# The ZEW Indicator of Economic Sentiment for the Euro Area increased by 2.3 points to 25 in February 2024

# The ZEW Indicator of Economic Sentiment for Germany rose for a seventh consecutive month to +19.9 in February 2024

# trading range for the day is 104.53-105.59.

# GBP gains as markets continued to assess the latest macroeconomic data for hints on the BoEs policy outlook.

# Wage growth in the UK slowed less than expected in the end of 2023

# The United Kingdom\\'s unemployment rate declined to 3.8% in the fourth quarter of 2023, down from 4.0% in the three months

# trading range for the day is 55.61-55.81.

# JPY dropped as investors pared back expectations on the scale and pace of the Feds easing cycle this year.

# Pressure is also seen from signs that BOJ will resist aggressively hiking rates even if it decides to abandon its negative rate policy.

# Japans machine tool orders dropped 14.1% year-on-year to JPY 110,881 million in January 2024.