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USDINR

USDINR trading range for the day is 79.06-79.54.

USDINR dropped on bets the U.S. Federal Reserve would scale back its pace of rate hikes as the world's biggest economy stares at a possible recession.

India manufacturing PMI hits 8-month high in July on new orders

India's April-June fiscal deficit narrows amid fall in subsidies

EURINR

EURINR trading range for the day is 81.12-81.7.

Euro dropped as Manufacturing activity across the euro zone contracted last month

S&P Global's final manufacturing Purchasing Managers' Index (PMI) fell to 49.8 in July from June's 52.1

The S&P Global/ ME Germany Manufacturing PMI for Germany was revised slightly higher to 49.3 in July of 2022

GBPINR

GBPINR trading range for the day is 96.43-97.45.

GBP remained supported as traders await the Bank of England monetary policy decision this week.

Bank of England set to accelerate its inflation fight with 50 bps rate hike

UK inflation expectations fall again as BoE nears rates decision

JPYINR

JPYINR trading range for the day is 59.75-60.31.

JPY gained as dollar fell as markets continued to wager that the Federal Reserve has less tightening to do with the U.S. economy at risk of recession.

Japan's July factory activity growth slows as output, new orders contract

BOJ’s Amamiya said the central bank must always think about the appropriate means for exiting ultra-loose monetary policy

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