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USDINR

USDINR trading range for the day is 79.54-80.04.

USDINR was little changed as traders eyed the U.S. Federal Reserve's policy decision to break the current deadlock on the local unit.

India spending forex reserves at quicker pace than during taper tantrum

India August trade gap revised slightly lower

EURINR

EURINR trading range for the day is 79.4-80.12.

Euro edged higher as investors braced for the outcome of Fed policy meeting, after pricing in further monetary tightening

EUR net shorts dropped to multi-week lows - CFTC

ECB Vice-President de Guindos said that the central bank does not expect the slowdown in the European economy to bring down inflation by itself

GBPINR

GBPINR trading range for the day is 90.58-91.24.

GBP dropped as more data point to a looming recession in the UK while the Bank of England is set to hike interest rates again to fight surging inflation.

The latest data showed retail sales fell the most this year in August while the core inflation rate accelerated to the highest since 1992.

Net shorts in the British pound climbed to levels last seen in early June amidst the persistent deterioration of the UK economic outlook.

JPYINR

JPYINR trading range for the day is 55.5-56.1.

JPY dropped as investors remained on the sidelines ahead of a big week for central bank decisions

Bank of Japan conducted a rate check with banks in possible preparation for currency intervention, as authorities ramped up warnings against rapid yen declines

The Reuters Tankan sentiment index for manufacturers in Japan fell to 10 in September 2022 from August's seven-month top of 13

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