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USDINR 

Observations

USDINR trading range for the day is 82.58-83.

Rupee declined in August as rising U.S. Treasury yieldsboosted demand for the dollar

India's economy expanded by 7.8% in the April-Junequarter, the most in a year

Resilient U.S. data prompted investors to bet that the U.S. Federal Reserve will hold rates higher for longer, pushing up yields.

SELL USDINR SEP @ 82.9 SL 83.08 TGT 82.72-82.58.

EURINR

Observations

EURINR trading range for the day is 89.75-90.63.

Euro pared gains after Schnabel failed to give firm clues on whether the European Central Bank will raise rates in September.

The inflation rate in the Euro Area remained steady at 5.3 percent year-on-year in August 2023

Germany's government must be careful that its economic stimulus measures do not spur inflation, Chancellor Olaf Scholz said

SELL EURINR SEP @ 90.2 SL 90.4 TGT 89.95-89.8.

GBPINR

Observations

GBPINR trading range for the day is 104.63-105.39.

GBP gains as dollar dropped weighed down by weaker-than-expected US economic data

BOE’s Pill said the central bank would "see the job through" on bringing high inflation back down to the BoE's 2% target

UK business optimism at 18 – month high on hopes for rate hike pause

SELL GBPINR SEP @ 105.2 SL 105.5 TGT 104.85-104.65.

JPYINR

Observations

JPYINR trading range for the day is 56.85-57.19.

JPY gains as U.S. dollar fell after data showed that U.S. job openings fell in July

BOJ's Nakamura: Premature to tighten monetary policy

Retail sales in Japan rose 6.8% year-on-year in July 2023, accelerating from a downwardly revised 5.6% gain in June

SELL JPYINR SEP @ 57.1 SL 57.3 TGT 56.88-56.75.

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