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USDINR

USDINR trading range for the day is 74.3-74.8.

USDINR ended with small gains as the benchmark 10-year bond yield rose for a second straight month with high global crude weighing on sentiment.

There were signs that India’s second wave of coronavirus infections is slowing helped to curb the losses.

Traders are now awaiting the monetary policy committee's meeting outcome on Aug. 6 for further cues on liquidity withdrawal in the domestic market.

EURINR

EURINR trading range for the day is 88.33-89.09.

Euro gained as the German economy recovered in the second quarter driven by higher household and government consumption.

Germany's inflation accelerated in July to the highest level since 2008, mainly due to the base effect, flash data from Destatis revealed.

Investors expect that the European Central Bank will remain dovish for some time while worries about the spread of the Delta variant mounted.

GBPINR

GBPINR trading range for the day is 103.61-104.53.

GBP remained supported on optimism over the re-opening of the British economy.

Support seen driven by a fall in coronavirus cases in Britain and as a dovish U.S. Federal Reserve weighed on the greenback.

UK mortgage borrowing hit a record level in June, ahead of the lower stamp duty rates began to taper off from July.

JPYINR

JPYINR trading range for the day is 67.92-68.16.

JPY gained as Japan’s factory output jumped in June and job availability rose to the highest level in nearly a year.

Industrial output increased 6.2% in June from the previous month after a sharp 6.5% drop in May, data showed.

Japan to expand state of emergency as COVID-19 shadows Olympics.

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