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USDINR :

 USDINR trading range for the day is 79.25-79.71.

 USDINR dropped amid dollar inflows, as improved risk appetite drove a rally in equities.

 Federal Reserve officials maintained their hawkish view and were committed to getting inflation back to its 2% target, minutes showed.

 Annual inflation rate in India edged lower to a five-month low of 6.71% in July of 2022 from 7.01% in June

EURINR :

EURINR trading range for the day is 80.15-82.11.

Euro dropped after more data pointed to an economic downturn in the European region.

The latest figures showed German investor morale fell unexpectedly to -55.3 in August, the lowest since October 2008.

The ECB is still seen raising rates by 50 bps in September.

GBPINR :

GBPINR trading range for the day is 95.48-97.28.

GBP dropped on mounting worries over the UK’s economic outlook with the BoE seeing inflation peaking at 13.3% in October

UK unemployment rate holds at 3.8% in three months to June

Money markets currently price in around an 85% chance of a half-point rate hike at the central bank's September meeting

JPYINR :

JPYINR trading range for the day is 58.55-59.71

JPY dropped as investors sought shelter in the greenback after disappointing Chinese and US data renewed fears of a global recession

Japan trade gap widens as imports surge, capex solid for now

Machinery orders underscore brisk corporate activity

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