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USDINR

USDINR trading range for the day is 74.27-74.69.

USDINR ended with losses amid signs that India’s second wave of coronavirus infections is slowing helped to curb the losses.

S&P affirmed India's sovereign rating at "BBB-" and maintained a stable outlook on the gradual recovery in the economy.

Investors are keeping an anxious eye on the fast-spreading Delta variant of coronavirus, now the dominant strain worldwide.

EURINR

EURINR trading range for the day is 87.63-88.15.

Euro settled down as the rapidly spreading Delta variant of the coronavirus poses a risk to the euro zone's recovery.

ECB left its key interest rates unchanged, but revised its forward guidance on the same to support its new inflation target.

ECB pledges low rates for longer as virus casts shadow over growth.

GBPINR

GBPINR trading range for the day is 101.75-102.99.

GBP rose as recovering risk sentiment in global markets helped buoy currencies correlated with economic growth.

British manufacturers’ expectations for output growth over the next three months are the strongest on record as the economy bounces back from the pandemic lockdowns.

BOE Deputy Governor Ben Broadbent said he disagreed with the view of policymakers such as Michael Saunders who fear above-target inflation will persist.

JPYINR

JPYINR trading range for the day is 67.4-67.8.

JPY dropped amid concerns over the spread of the Delta variant and a slowdown in global economic recovery.

Acceleration in the vaccine rollout will help Japan's economic activity to improve more than expected, Deputy Governor of BOJ Amamiya Masayoshi said.

Japan posted a merchandise trade surplus of 383.2 billion yen in June, the Ministry of Finance said.

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