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USDINR 

USDINR trading range for the day is 79.4-79.88.

USDINR dropped amid dollar inflows over the last two days amid a dip in oil prices.

Indian households expect inflation to moderate, showed Reserve Bank of India’s survey

Expectations of a 0.75 percentage point rate increase have climbed following a strong U.S. jobs report last Friday.

EURINR 

EURINR trading range for the day is 81.16-81.92.

Euro rose on low level recovery after pressure seen amid concerns of a looming economic crisis in Europe.

Annual inflation rate in Germany was confirmed at 7.5% in July of 2022

Final PMI figures confirmed the Euro Area private sector activity contracted for the first time since February 2021 at the start of Q3

GBPINR 

GBPINR trading range for the day is 96.04-96.6.

GBP dropped as investors await the GDP data for Q2 due Friday to see whether the economy is sliding into recession.

The Bank of England painted a grim economic outlook and projected the UK's longest recession since the global financial crisis

Retail sales in the United Kingdom increased by 1.6% on a like-for-like basis in July 2022 from a year ago

JPYINR 

JPYINR trading range for the day is 58.93-59.21.

JPY weakened as a surprisingly strong US jobs report last week bolstered the case for further Federal Reserve tightening

Japan producer prices rise the least in 7 months

Japanese Finance Minister said he would carefully watch currency moves and their impact on the economy while coordinating with the BOJ.

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