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USDINR

USDINR trading range for the day is 78.81-79.71.

USDINR dropped after India central bank steps in with measures to enhance forex inflows

Fed policymakers anticipate that further increases in the fed funds rate would be appropriate, and backed a 50 or 75 basis points hike in next meeting.

RBI said it has been monitoring the liquidity conditions in the foreign exchange market and has stepped in as needed to alleviate the dollar tightness.

EURINR

EURINR trading range for the day is 80.05-82.33.

Euro dropped as growing concern the world economy is heading for recession nagged investors.

Euro zone consumers cut food spending as inflation bites

German industrial orders grow slightly in May, reversing trend

GBPINR

GBPINR trading range for the day is 91.43-96.81.

GBP dropped as investors weigh political turmoil in the UK, a looming recession and doubts whether the BoE will be able to control surging consumer prices.

The BoE warned the UK economic outlook has ‘deteriorated markedly’ due to the impact of the war in Ukraine

BoE's Pill says he is open to bigger rate rise if needed

JPYINR

JPYINR trading range for the day is 58.26-59.14.

JPY gains as Japan's services sector activity expanded at the fastest pace in over eight years in June

The au Jibun Bank Japan Composite PMI was at 53.0 in June of 2022, compared with the flash print of 53.2 and after a final 52.3 in the prior month

The Bank of Japan may adjust its ultra-loose monetary policy before dovish Governor Haruhiko Kuroda's term ends next April

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