* USDINR trading range for the day is 63.69-64.67.
* Rupee depreciated to over two-week low on likely foreign institutional investors’ fund outflows from local stocks.
* India reported a fiscal deficit of 6.21 trillion rupees ($97.27 billion) for April-December or 113.6 percent of the budgeted target for the current fiscal year.
* Indian factory growth cooled to a three-month low in January as weaker domestic demand dragged on output.
* EURINR trading range for the day is 79.8-80.81.
* Euro remained supported amid expectations the European Central Bank will begin normalizing monetary policy this year.
* Spain’s manufacturing activity continued to improve markedly at the start of the year, survey data from IHS Markit showed.
* Eurozone manufacturing activity expanded markedly at the start of the year, driven by solid expansions of both production and new orders.
* GBPINR trading range for the day is 90.77-92.2.
* GBP rose as investors bet the Bank of England would take on a more hawkish tone at a policy meeting next week.
* British Prime Minister Theresa May said she would not sack junior Brexit minister Steve Baker over his criticism of public servants’ work on leaving the EU.
* Recent data on the British economy have been mildly encouraging and BoE Governor Mark Carney has sounded a bit more upbeat, noting wage growth is finally picking up.
* JPYINR trading range for the day is 58.05-59.02.
* JPY gained as the BOJ also increased the amount of its planned buying in five- to 10-year JGBs to 450 billion yen from the previous 410 billion.
* BoJ’s Kuroda: 2% inflation target still meaningful, useful
* BoJ’s Kuroda sees indications of rising wages, price in Japan; will continue supporting economy with monetary easing.AFTER POST CONTENT
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