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USDINR

USDINR trading range for the day is 79.78-80.12.

USDINR dropped on profit booking after rising to all time high as a weak outlook for global growth prompted investors to dump riskier assets.

Rising interest rate differentials with the United States could prompt more risk aversion and further hurt the rupee.

India's June merchandise trade deficit at $26.18 bln – trade ministry

EURINR

EURINR trading range for the day is 80.04-80.7.

Euro recovered slightly on low level buying after seen pressure as concerns over an energy crisis and political turmoil in Italy dented demand

The European Commission also cut its forecasts for economic growth in the euro zone for this year and next

The Euro Area recorded a EUR 26.3 trade gap in May of 2022, compared to a EUR 12.0 billion surplus a year earlier.

GBPINR

GBPINR trading range for the day is 94.29-94.91.

GBP dropped as nagging recession fears and political uncertainty weighed on sentiment.

The Bank of England is grappling with soaring inflation and a cost-of-living crisis, having raised rates five times since December

UK economic output expanded by 0.5% in May, although consumer services fell as the surge in inflation hit shoppers.

JPYINR

JPYINR trading range for the day is 57.46-57.9.

JPY gains as dollar pausing its relentless rally, as two Federal Reserve policymakers nipped speculations for a bigger 100 basis point rate hike

Japan's government is concerned about the yen's recent sharp falls and will monitor the currency market even more closely

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

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