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USDINR

* USDINR trading range for the day is 79.9-80.42.

* USDINR traded in a narrow range, held in check by strong domestic dollar demand from oil importers, even as the greenback weakened.

* The central bank still sees inflation as “unacceptably and uncomfortably” high even though it has plateaued since its recent peak.

* India is reporting record trade deficits, which is pressuring the country's balance of payments and the rupee even further.

EURINR

* EURINR trading range for the day is 79.81-80.81.

* Euro rose as German economy advanced 0.1% on quarter in Q2 2022, compared to preliminary estimates of a flat reading

* The Ifo Business Climate indicator for Germany edged down to 88.5 in August of 2022 from an upwardly revised 88.7 inJuly 

* The consumer confidence indicator in the Euro Area rose by 2.1 points to -24.9 in August of 2022, from a record low of -27 in July

GBPINR

* GBPINR trading range for the day is 94.5-95.32.

* GBP gained as dollar’s recent rally ran out of steam and investors waited to see whether Federal Reserve Chair Jerome Powell would sound a more hawkish tone

* The Bank of England has warned that Britain is likely to slip into a recession at the end of the year, which will last until 2024

* Sterling had touched its lowest since March 2020 after PMI data showed growth in Britain's private sector slowing to a crawl in August

JPYINR

* JPYINR trading range for the day is 58.61-59.13.

* JPY gains as the Bank of Japan stressed the need to maintain massive stimulus to support a fragile economic recovery

* Japan sees economy picking up modestly, flags looming risks – govt

* BOJ policymaker vows to keep ultra-low rates, warns of economic risks

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