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USDINR

USDINR trading range for the day is 74.26-74.5.

USDINR dropped as currency traders digested data from the previous day showing U.S. inflation may be coming off the boil.

RBI may get some breathing room as CPI inflation seen cooling sharply in July

Investors now expect the start of policy normalization could be around the December policy after risks of further Covid wave fade.

EURINR

EURINR trading range for the day is 87.29-87.47.

Euro remained in range with ongoing optimism around a strong recovery and signs of moderating inflation in the US being offset by fears of a prolonged pandemic.

ECB President Christine Lagarde also warned about a fresh wave of the coronavirus pandemic and its impact on the economic recovery.

Euro zone banks left flying solo by new glitch in ECB payment system

GBPINR

GBPINR trading range for the day is 102.86-103.3.

GBP steadied after official data showed Britain's economy grew in line with expectations in the second quarter.

The Office for National Statistics said the economy grew by 4.8% in the second quarter.

The BoE was unlikely to make a move on the data, with expectations for economic growth in Britain to slow down in the third quarter.

JPYINR

JPYINR trading range for the day is 67.28-67.5.

JPY traded in range amid concerns about political stability ahead of an election expected later this year as support for PM Suga continued to fall.

Japanese wholesale prices rose in July at their fastest annual pace in 13 years, data showed

Producer prices in Japan rose by 5.6% yoy in July 2021, beating market consensus and June's figure of a 5% gain.

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