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USDINR

* USDINR trading range for the day is 79.84-80.14.

* USDINR dropped as pressure witnessed India services activity grows more than expected

* India cbank chief expects inflation to ease to 5% by next spring

* India's trade deficit rose to USD 28.68 billion in August of 2022 from USD 13.81 billion in the same period last year

EURINR

* EURINR trading range for the day is 79.02-79.96.

* Euro hits near 20-year low amid mounting concerns over rising energy costs in Europe

* Investors weigh growth concerns and prospects the ECB will continue to raise interest rates faster.

* The S&P Global Eurozone Manufacturing PMI was revised slightly lower to 49.6 in August of 2022

GBPINR

* GBPINR trading range for the day is 91.48-92.52.

* GBP plumbed as Russia kept one of its main gas supply routes to Europe shut, adding to recession fears.

* It has been battered by a deteriorating economic outlook and stubbornly high inflation, partly due to soaring energy prices and political uncertainty

* Citi forecasted inflation to surge to 18.6% by the start of 2023 due to soaring wholesale gas prices

JPYINR

* JPYINR trading range for the day is 56.96-57.26.

* JPY dropped as Japan’s service sector contracted in August for the first time since March as fresh Covid-19 outbreaks weighed on demand.

* The au Jibun Bank Japan Composite PMI was at 49.4 in August 2022

* BOJ Governor Haruhiko Kuroda recently reiterated the need to keep policy ultra-loose

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