Rupee Little Changed As Slight Recovery In Greenback Offset Positive Momentum

# trading range for the day is 83.12-83.26.
# The rupee ended little changed as a slight recovery in the greenback offset the positive momentum from dollar sales by exporters.
# The Reserve Bank of India (RBI) pushed back against the IMF, saying the intervention in the currency market was excessive.
# RBI Governor Shaktikanta Das said in October that currency market interventions should not be seen as black-and-white.

# trading range for the day is 90.86-91.36.
# Euro advances favored by a positive market mood and a weak US Dollar.
# The US Dollar remains near recent lows despite the hawkish rhetoric by Fed officials.
# Eurozone CPI confirms the deflationary trend and casts doubt about the ECB´s “higher for longer” view.

# trading range for the day is 104.8-106.04.
# GBP dropped sharply as UK inflation softened sharply in November.
# UK’s monthly headline inflation surprisingly contracted by 0.2%.
# Investors may raise bets in favor of early rate cuts by the BoE.

# trading range for the day is 57.78-58.32.
# JPY gains as the US Dollar slipped as traders continued to sell the currency on bets that the U.S. Federal Reserve will soon begin cutting interest rates.
# BOJ left its ultra-loose monetary policy unchanged and refrained from making any comments about a possible tweak next year.
# Japan’s trade deficit decreased sharply to JPY 776.94 billion in November 2023 from JPY 2,057,64 billion in the same month of the prior year.