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* USDINR trading range for the day is 79.25-80.25.

* Rupee ended up marginally higher after hitting a near two-week high, as dollar demand from importers capped gains.

* Inflation rate in India accelerated for the first time in four months to 7% in August of 2022 from 6.71% in July

* India's merchandise exports to rise over 11% to $114 b in July-Sept: Report

EURINR

* EURINR trading range for the day is 79.97-81.63.

* Euro jumped as European Central Bank officials pushed the case for further aggressive monetary tightening.

* ECB policymakers see a rising risk that the key rate will need to increase to 2% or more to curb record inflation.

* Bundesbank President Joachim Nagel said that if the picture for consumer prices doesn't change, "further clear steps must follow."

GBPINR

* GBPINR trading range for the day is 92.36-93.54.

* GBP rose supported by expectations of more and faster rate increases by the ECB, which in turn, raised market bets on more tightening by Bank of England.

* UK economy grows by less than expected in July, power output falls

* The trade deficit narrowed and industrial production unexpectedly contracted in July.

JPYINR

* JPYINR trading range for the day is 55.58-56.22.

* JPY dropped despite authorities said they are ready to take action if the currency’s rapid decline remains volatile.

* BOJ set to end COVID – relief scheme, but no change to loose policy

* BOJ is widely expected to maintain its interest-rate targets at -0.1% for short-term rates and around 0% for the 10-year government bond yield.

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