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USDINR

USDINR trading range for the day is 79.1-80.12.

USDINR recovered from lows seen after a softer-than-expected U.S. inflation reading reduced bets of another 75 bps rate hike from Fed.

U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend

Fed policymakers sought to temper any expectations of significantly looser policy

EURINR

EURINR trading range for the day is 81.35-82.95.

Euro rose amid expectations the Fed will slow the pace of rate hikes as inflation in the US fell more than anticipated last month.

Bets on rate hikes from the ECB for the end of the year were also lowered.

The S&P Global Eurozone Construction PMI posted 45.7 in July, down from 47.0 in June

GBPINR

GBPINR trading range for the day is 96.16-97.94.

GBP rose with the outlook for UK interest rates in focus after a Bank of England official flagged a further increase.

Britain is making plans for organised blackouts for industry and households over winter when cold weather may coincide with gas shortages.

The Bank of England painted a grim economic outlook and projected the UK's longest recession since the global financial crisis while raising interest rates by 50bps

JPYINR

JPYINR trading range for the day is 59.33-60.57.

JPY rose boosted by U.S. inflation data coming in less hot than feared and sending the dollar tumbling.

Several Bank of Japan officials said recently that the central bank needed an exit strategy from its massive stimulus

Japanese Finance Minister flagged sharp fluctuations in the yen and said he would carefully watch currency moves and their impact on the economy

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