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USDINR

USDINR trading range for the day is 79.88-80.24.

USDINR gains amid persistent foreign fund outflows, dwindling foreign exchange reserves, and fast-widening trade and current account deficits.

India cenbank prepared to spend up to $100 bln more to defend rupee

India on course to become world's fastest-growing economy, says RBI

EURINR

EURINR trading range for the day is 81.2-82.5.

Euro dropped on concerns the energy crisis would send Europe into a deep recession

The euro zone's current account deficit widened further in May as the bloc's import bill continued to rise on soaring energy costs

EU cuts euro zone growth forecasts, revises up inflation outlook

GBPINR

GBPINR trading range for the day is 95.62-96.48.

GBP remained under pressure as investors continue to assess the impact on growth from higher interest rates and the race to the next UK Prime Minister.

UK inflation hits 9.4% in June

The unemployment rate in the UK held at 3.8% in the three months to May of 2022

JPYINR

JPYINR trading range for the day is 57.81-58.19.

JPY dropped as the Bank of Japan is widely expected to maintain ultra-low interest rates as it decides on monetary policy.

JPY also weakened after the ruling Liberal Democratic Party and its coalition partner Komeito boosted their majority in the recently held upper house election

Industrial production in Japan declined by 7.5 percent month-over-month in May 2022

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