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USDINR

USDINR trading range for the day is 78.93-79.83.

USDINR rose as concerns of a wider current account deficit came to the forefront after the country's June trade deficit hit a record high.

India's June trade deficit widened to a record $25.63 billion, pushed by a rise in crude oil and coal imports, from $9.61 billion a year ago.

India's services industry expands at fastest pace in over 11 years

EURINR

EURINR trading range for the day is 81.09-83.33.

Euro falls to two decade low as recession fears bite after Euro zone business growth slowed sharply in June

S&P Global's final composite PMI, seen as a good guide to economic health, fell to a 16-month low of 52.0 in June from May's 54.8

The S&P Global Spain Services PMI fell to 54 in June of 2022 from 56.5 in May, the slowest expansion since March

GBPINR

GBPINR trading range for the day is 94.94-96.34.

GBP fell with markets watching for any sign from the Bank of England on its monetary policy path.

The S&P Global/CIPS UK Services PMI was revised higher to 54.3 in June of 2022 from a preliminary estimate of 53.4

In the absence of major UK economic data expected this week, traders were waiting for Bank of England policymakers speeches.

JPYINR

JPYINR trading range for the day is 57.91-58.95.

JPY dropped but recovered from lows as Japan's services sector activity expanded at the fastest pace in over eight years in June

The au Jibun Bank Japan Composite PMI was at 53.0 in June of 2022, compared with the flash print of 53.2 and after a final 52.3 in the prior month

The Bank of Japan may adjust its ultra-loose monetary policy before dovish Governor Haruhiko Kuroda's term ends next April

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