• Spot rupee ended at 90.37/38 to a dollar level after opening at 91.07 level. RBI intervened aggressively today to prevent further depreciation in Rupee beyond the 91 –mark, aiding INR to hit an intraday high of 89.99.

• DXY bounced back to trade at 98.54 level today supported by better than anticipated Nonfarm Payroll data released yesterday.

• GBPUSD slipped to 1.3326 following weaker-than-expected inflation that came in at 3.2 in Nov vs 3.6 in the previous month. This has increased the expectations of a rate cut by the Bank of England.

• EURUSD traded marginally lower at 1.1717. The slide in Euro was limited as investors awaited the outcome of ECB meeting later this week. In Euro Zone, Ifo Business Sentiment Index declined to 87.6, this being the lowest in seven months.

• JPY is trading at 155.54. In Japan, the Bank of Japan is widely expected to raise the interest rates at its policy meeting later this week.

Rupee appreciated sharply this morning to 89.98 levels, amid RBI intervention through state-owned banks in early morning trading, reversing the rupee's recent slide from record lows near 91.07 levels, amid ongoing pressures from FII outflows and trade imbalances. Uptick in local unit was supported due to easing crude prices, which fell sharply as chances of Russia-Ukraine peace deal prospects improved. Equity market benchmarks are trading flat.

DXY is trading at 98.30 level. US labor market data for October and November painted a clear picture of weakness. Payrolls plunged by -105k in October, the sharpest monthly decline since late 2020. November delivered a rebound of 64k jobs, beating expectations, but the gain was far too small to offset the prior month’s contraction, leaving overall payroll growth effectively flat since April.