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USDINR
* USDINR trading range for the day is 79.5-79.86.

* USDINR notched a new record high on fears of a global recession despite recent measures by the central bank to boost dollar inflows

* The annual inflation rate in India edged down to 7.01 percent in June of 2022 from 7.04 percent in the previous month

* India introduces mechanism for international trade settlements in rupees

EURINR

* EURINR trading range for the day is 79.55-80.67.

* Euro hovered close to a 20-year low near parity to the dollar amid concerns that an energy crisis could tip Europe into recession

* EU to cut economic growth outlook, sees higher inflation

* Euro zone finance ministers fail again to name new bailout fund head

GBPINR

* GBPINR trading range for the day is 93.96-95.04.

* GBP dropped on concerns about the UK’s economic outlook as the race for Britain’s next Prime Minister kicks off.

* Retail sales in the United Kingdom decreased 1.3% on a like-for-like basis in June 2022 from a year ago

* BoE forecasts for inflation to fall remain valid, Bailey says

JPYINR

* JPYINR trading range for the day is 57.96-58.6.

* JPY steadied after the ruling Liberal Democratic Party and its coalition partner Komeito boosted their majority in the upper house election in a victory

* Japan's wholesale prices extend brisk gains as weak yen inflates import costs

* Producer prices in Japan jumped 9.2% in June 2022 from a year ago, exceeding expectations for an 8.8% rise

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