# USDINR trading range for the day is 87.35-87.73.
# Rupee strengthened as RBI decided to cut the policy repo rate by 25bps to 6.25% for the first time in nearly five years.
# RBI signaled a less restrictive policy approach, seeking to provide stimulus to a sluggish economy.
# RBI Governor reiterated the RBI's long-held position that interventions are only intended to smoothen "excessive and disruptive volatility."
# EURINR trading range for the day is 90.8-91.12.
# Euro steadied with investors reacting to the potential economic impact of President Trump's trade tariffs.
# In the Eurozone, business activity returned to growth after two months of contraction.
# Imports to Germany grew by 2.1% month-over-month to EUR 111.1 billion in December 2024
# GBPINR trading range for the day is 108.45-109.69.
# GBP seen supported after comments from President Donald Trump fuelled hopes Britain may be able to avoid levies.
# Bank of England policymakers speak after rate cut, weaker growth forecast
# UK firms trim wage growth expectations, BoE survey shows
# JPYINR trading range for the day is 57.63-58.33.
# JPY dropped on worries that Japan would also be an eventual target for US President Trump's trade tariffs.
# Data showed a rise in Japan's real wages, which reaffirms bets that the Bank of Japan will raise interest rates again.
# Japan’s Kato, said that he sees inflationary conditions as prices continue to rise further.