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USDINR

USDINR trading range for the day is 74.58-75.04.

USDINR dropped as signs that India’s second wave of coronavirus infections is slowing and hopes of a solid economic recovery.

The central bank expanded in June its version of quantitative easing to support economic growth and lowered its FY22 GDP forecast to 9.5%.

Fed's meeting minutes showed that substantial further progress on the economic recovery was generally seen as not having yet been met

EURINR

EURINR trading range for the day is 88.35-88.91.

Euro dropped as investors worry that the growth peak from the pandemic has passed and that new coronavirus variants could hurt the outlook.

The European Central Bank set a new inflation target and carved out a major role in the fight against climate change

German finance minister confident EU will agree on corporate tax reform

GBPINR

GBPINR trading range for the day is 102.79-103.59.

GBP settled flat as risk currencies tried to recover after being hurt by a broader shakeout in FX markets.

The Bank of England expects Britain's economy to grow by 7.25% this year.

British house prices saw their most widespread rises since 1988 last month.

JPYINR

JPYINR trading range for the day is 67.76-68.24.

JPY remained under pressure on worries over a slowing economic recovery after the country declared a COVID-19 emergency.

But losses were trimmed on hopes that the Bank of Japan might have stepped in to support the market.

Japan declared emergency measures in Tokyo that will run throughout the Olympics, forcing the organisers to hold the Games without spectators.

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