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USDINR

* USDINR trading range for the day is 79.78-80.

* USDINR hovering just under the psychological 80 level, amid rising concerns about the deteriorating global risk mood.

* Support also seen amid expectations that the Federal Reserve will move ahead with its aggressive tightening plan to bring inflation substantially lower.

* Members of the Reserve Bank of India's monetary policy committee said outlook on inflation was highly uncertain.

EURINR

* EURINR trading range for the day is 78.97-79.79.

* Euro dropped as Europe was buffeted by concerns about energy supply and economic growth, while the dollar held firm, supported by safe-haven flows.

*  The S&P Global Eurozone Composite PMI dropped to 49.2 in August of 2022, from 49.9 in July

* Investors are also waiting on minutes of ECB last policy meeting that are likely to sound hawkish even as the continent faces a downturn in growth.

GBPINR

* GBPINR trading range for the day is 90.65-96.03.

* GBP dropped as the outlook of soaring inflation threatened to hurt the pound's purchasing power and further hurt the British economy.

* UK Manufacturing PMI fell to 46 in August of 2022 from 52.1 in July, pointing to the first contraction in factory activity since May of 2020

* UK economy shrank record 11% in 2020, worst since 1709

JPYINR

* JPYINR trading range for the day is 58.09-58.53.

* JPY dropped as Japan’s factory activity growth slowed to a 19-month low in August as output and new order declines deepened.

* Japan service sector shrinks for 1st time in 5 months

* Japan private sector shrinks for 1st time in 6 months

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