Rupee Fell As A Slight Recovery In US Dollar And Strong Demand From Domestic Firms

# Rupee fell as a slight recovery in the U.S. dollar and strong dollar demand from local companies blunted positive cues.

# IMF forecasted a 7 % Indian growth for the ongoing financial year.

# The will deliver its policy decision later on Friday when it is widely expected to hold rates steady.

# trading range for the day is 90.45-90.97.

# Euro dropped as market bets on interest rate cuts ramped up following comments from European and U.S. policymakers last week.

# Euro zone investor mood improves but upswing elusive – survey

# The trade surplus in Germany increased to EUR 17.8 billion in October 2023 from a marginally revised EUR 16.7 billion in the previous month.

# trading range for the day is 105.43-105.87.

# GBP gains amidst growing expectations that the Bank of England would implement its first rate cut by June

# British house prices rose unexpectedly in monthly terms for the third time running in November

# BoE's policymaker Megan Greene said UK rates might have to stay high for an extended period.

# trading range for the day is 56.8-57.3.

# JPY rose amid growing expectations that the US Federal Reserve is done with its current monetary tightening cycle

# BOJs Noguchi said that Japan has yet to achieve price growth driven by higher wages with the recent cost-push-driven rise in inflation

# The au Jibun Bank Japan Manufacturing PMI was revised higher to 48.3 in November 2023.