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USDINR

* USDINR trading range for the day is 79.47-79.91.

* Rupee marked its biggest weekly gain in seven, as the dollar index plunged and oil prices headed for losses

* Moody’s reaffirms India’s ratings with a stable outlook

* Markets now await India's August inflation data, which is likely to trend higher

EURINR

EURINR trading range for the day is 80.01-80.73.

Euro gains as investors awaited a policy decision from the ECB and comments from the head of the Federal Reserve

ECB raised interest rates by a record 75 basis points, taking the deposit rate above 0% for the first time since 2012

The Euro Area economy expanded 0.8% on quarter in the second quarter of 2022, higher than a 0.6% rise in the second estimate

GBPINR

GBPINR trading range for the day is 92.07-92.99.

GBP gained amid a pause in the dollar rally as central banks around the world and specially the ECB adopt a more hawkish tone

Investors continue to digest the new energy plan to tackle soaring energy costs

UK retailers report slowest sales growth since end of lockdowns-BDO

JPYINR

JPYINR trading range for the day is 55.44-56.86.

JPY rises on govt intervention talks

Government officials said “various measures” are on the table, without giving details as to any specific measure to support the yen

BOJ Haruhiko Kuroda also said that rapid yen moves “are undesirable as they destabilize corporate business plans and heighten uncertainty”

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