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USDINR

USDINR trading range for the day is 79.11-79.99.

USDINR dropped as on easing concerns over the need for continued aggressive interest rate hikes by the U.S. Federal Reserve.

Pressure also seen as investors interpreted a shrinking U.S. economy as one more reason for the Federal Reserve to ease off the tightening pedal

RBI may raise repo rate by 35 bps in next week's policy review: S&P

EURINR

EURINR trading range for the day is 80.85-82.09.

Euro gained but pared most of its gains as Euro zone inflation rose to another record high in July and its peak could still be months away

Weak euro was among ECB considerations in rate hike, de Guindos says

The German economy stagnated in the second quarter, data showed, with the war, pandemic and supply disruptions bringing economy to the edge of contraction.

GBPINR

GBPINR trading range for the day is 95.98-97.82.

GBP dropped as the retail sales balance in the UK was at -4 in July of 2022, showing that retail sales volumes continued to fall slightly

UK consumer credit growth rises in June

The Confederation of British Industry's order book balance fell to 8 in July of 2022, the lowest reading since April of 2021

JPYINR

JPYINR trading range for the day is 59.05-60.51.

JPY rose as a second straight quarter of negative US GDP reading and Federal Reserve Chair Jerome Powell’s less hawkish comments

BoJ policymakers see chance of us recession risk

Retail sales in Japan rose by 1.5% yoy in June 2022, missing market consensus of 2.8%

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