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USDINR

 * USDINR trading range for the day is 78.6-79.82.

 * USDINR rose as India's dominant services industry growth eased to a four-month low in July.

 * India will not slip into recession, stagflation

 * Indi's July preliminary trade deficit widens to $31 billion

EURINR

* EURINR trading range for the day is 80.2-81.56.

 * Euro gained amid weakness in Rupee after pressure seen as investors try to assess the economic outlook and look for further signs that a recession is coming. 

 *Euro zone business activity contracted in July as customers stayed home

* Flash figures showed the Euro Area grew by 0.7% on quarter in Q2, prompted by surprising growth in France, Italy and Spain

GBPINR

*  GBPINR trading range for the day is 95.76-97.4.

*  GBP rose as traders await the Bank of England monetary policy decision this week.

*  Investors bet an 80% chance of a 50bps hike, which would be the biggest interest rate increase in 27 years

*  British businesses do not expect any growth over the next three months, as a surging cost of living squeezes  consumer demand

JPYINR

* JPYINR trading range for the day is 58.71-60.25.

* JPY dropped as hawkish remarks from US Federal Reserve policymakers hinting at further rate hikes to combat high inflation lifted the greenback.

* The au Jibun Bank Japan Composite PMI was at 50.2 in July 2022, compared with a flash print of 50.6 and after     June's final figure of 53.0.

* The au Jibun Bank Japan Services PMI was revised lower to a four-month low of 50.3 in July 2022 from the flash data of 51.2

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