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USDINR

USDINR trading range for the day is 74.14-74.52

USDINR traded in a tight range as ahead of the central bank policy outcome for cues on liquidity even as it is mostly expected to stay put on rates.

Some support seen earlier after hawkish comments from the U.S. Federal Reserve led markets to move forward the likely timing of a policy tightening.

The Composite PMI in India increased to 49.2 points in July 2021 from 43.1 points in the previous month.

EURINR

EURINR trading range for the day is 87.89-88.27.

Euro dropped in range as investors bet the European Central Bank (ECB) will keep yields low to support economic recovery from the pandemic.

German industrial orders bounce back, but supply bottlenecks weigh.

A survey indicated that domestic demand remains strong, with activity in the service sector growing at the fastest pace on record in July.

GBPINR

GBPINR trading range for the day is 103.06-103.7.

GBP remained under pressure as UK service sector activity grew at the slowest pace since the end of the winter lockdown.

The Bank of England left monetary policy unchanged during its August meeting, as widely expected.

Comments from Fed members led markets to bring forward the likely timing of a policy tightening there.

JPYINR

JPYINR trading range for the day is 67.71-67.99.

JPY dropped as the Delta variant of the coronavirus is spreading and the fast speed recovery remains in question.

The services sector in Japan continued to contract in July, and at a faster rate.

Japan's consumer confidence rose to the highest level in seventeen months in July, data from the Cabinet Office showed.

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