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USDINR

USDINR trading range for the day is 79.64-80.26.

USDINR settled flat as investors awaited the outcome of the U.S. Federal Reserve's policy meeting for near-term direction.

The US central bank is on track to raise interest rates by another 75 basis points as it seeks to curb inflation, currently running at levels not seen since 1981.

.India's FY23 growth forecast cut to 7%, RBI to stay hawkish

EURINR

EURINR trading range for the day is 80.84-82.4.

Euro dropped as investors await key economic data this week for clues on ECB’s next move after recessionary worries returned to the market

Moody's lowers European growth predictions in the face of the energy crisis

Euro zone firms see continued inflation, wage pressures – ECB survey

GBPINR

GBPINR trading range for the day is 95.56-96.9.

GBP dropped as traders worried about the outlook of the economy after recent dismal data.

The BoE will likely shy away from a bigger interest rate rise in August and stick with the more modest 25 basis point increases it has been delivering

Latest positioning data show investors have consolidated their bearish bets on the pound at $4.3 billion

JPYINR

JPYINR trading range for the day is 58.58-58.86.

JPY dropped as traders geared up for an impending interest rate hike from the US Federal Reserve aimed at curbing persistently high inflation.

Bank of Japan policymakers saw wage hikes as key to sustainably achieve their 2% inflation target, minutes of the June meeting showed

The central bank flagged “sharp volatility” in the currency market and warned of its negative impact on the economy and prices.

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