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USDINR

USDINR trading range for the day is 78.37-79.47.

USDINR dropped as falling U.S. Treasury yields and easing bets of aggressive Federal Reserve monetary action amid recession fears

Investors now await the Reserve Bank of India's monetary policy decision on Friday where the central bank is expected to raise its key interest rate.

The S&P Global India Manufacturing increased to 56.4 in July 2022 from June’s nine-month low of 53.9

EURINR

EURINR trading range for the day is 80.18-81.88.

Euro dropped as manufacturing activity across the euro zone contracted last month, with factories forced to stockpile unsold goods due to weak demand.

The S&P Global Eurozone Manufacturing PMI contracted to 49.8 in July of 2022 from 52.1 in June, the slowest growth in factory activity since June of 2020

The unemployment rate in the Euro Area was unchanged at 6.6% for a second consecutive month in June of 2022

GBPINR

GBPINR trading range for the day is 95.51-97.55.

GBP remained under pressure as traders await the Bank of England monetary policy decision this week.

UK inflation expectations fall again as BoE nears rates decision

Investors bet an 80% chance of a 50bps hike, which would be the biggest interest rate increase in 27 years, pushing borrowing costs to 1.75%.

JPYINR

JPYINR trading range for the day is 59.93-60.81.

JPY rose as dollar continued its decline as investors continued to position for a less aggressive pace of Federal Reserve interest rate hikes.

Japan finance minister stresses need for yen stability

The consumer confidence index in Japan declined to an 18-month low of 30.2 in July of 2022 from 32.1

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