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USDINR

USDINR trading range for the day is 82.07-82.83.

Rupee dropped as the Reserve Bank of India's likely interventions amid risk aversion stemming from U.S. rate hike fears and escalating geopolitical tensions.

The Reserve Bank of India reportedly sold dollars again through state-run banks to support its currency.

World Bank lowers India's GDP growth forecast to 6.5% from 7.5% for 2022-23

EURINR

EURINR trading range for the day is 79.74-80.58.Euro settled flat amid fears about a looming recession in the Eurozone, making it more difficult for the ECB to tighten the monetary policy

Euro zone retail sales fell in August, data showed, pointing to a weakness in consumer demand and underlining expectations of an approaching recession.

Euro zone unlikely to avoid recession as downturn deepens – PMI

GBPINR

GBPINR trading range for the day is 90.52-91.94.

GBP settled flat as the turmoil engulfing UK government bond markets forced the Bank of England to step in yet again

The BoE said it would extend a series of planned debt buybacks to include inflation-linked bonds – predominantly owned by pension funds

Data showed UK unemployment fell to its lowest since 1974, at 3.5% in the three months to August

JPYINR

JPYINR trading range for the day is 56.5-56.98.

JPY depreciated as investors fretted about tightening financial conditions, heightened geopolitical tensions and rising risks of a recession worldwide.

Japan logs smallest current account surplus for August as imports weigh

BOJ committed to ultra-easy policies to support a fragile economy while the Fed aggressively raised interest rates to combat surging inflation

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