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USDINR

* USDINR trading range for the day is 79.94-80.44.

* Rupee hits record low on bets the Federal Reserve will keep a restrictive stance for longer, prompting the Reserve Bank of India to step in.

* The dollar index climbed to its highest level in 20 years, boosted by higher short-term U.S. yields and risk aversion.

* Current account gap will be within manageable levels, Das said, adding that exports are likely to pick up in the coming months

EURINR

* EURINR trading range for the day is 79.54-80.56.

* Euro dropped amid concerns over rising borrowing costs as central banks around the world signal interest rates will continue to rise to tame inflationary pressures.

* ECB board member Isabel Schnabel said central banks must now act forcefully to combat inflation.

* Fed Chair Powell reiterated the need for restrictive monetary policy for some time to bring inflation down.

GBPINR

* GBPINR trading range for the day is 93.29-94.35.

* GBP dropped as dollar surged after Fed Chair Powell said interest rates will remain high in the US for an extended time to control inflation.

* Goldman Sachs believes the UK economy will experience a recession in Q4

* The Confederation of British Industry's order book balance fell to -7 in the three months to August of 2022 from 8 in July

JPYINR

* JPYINR trading range for the day is 57.68-58.46.

* JPY dropped as Japan leading economic index lowest in 3 months

* BOJ member Toyoaki Nakamura stressed the need to maintain massive stimulus to support a fragile economic recovery

* Japan coincident index highest in near 3 years

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