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USDINR

USDINR trading range for the day is 79.66-80.24.

USDINR ended lower after dollar selling intervention by the central bank.

India's FY23 growth forecast cut to 7%, RBI to stay hawkish

India posted a record USD 26.2 billion trade deficit in June amid sharp rises in imports of gold, leading domestic FX reserves fall to a 15-month low level

EURINR

EURINR trading range for the day is 81.02-82.16.

Euro dropped as political tumult in Italy offset relief following the restart of Russian gas flows through the region's largest pipeline.

ECB raised interest rates by a bigger than expected 50 basis points, confirming that concerns about runaway inflation now trump growth considerations.

Euro zone consumer confidence fell by 3.2 points in July from June, hitting its lowest level on record.

GBPINR

GBPINR trading range for the day is 94.93-96.39.

GBP weakness continued as the field of candidates vying to be Britain's next prime minister narrowed to two.

Data showed British inflation climbed to its highest rate in 40 years, but only slightly above forecast.

The inflation data bolstered bets that the Bank of England will opt for a 50-basis point rate hike next month

JPYINR

JPYINR trading range for the day is 57.39-58.17.

JPY remained under pressure amid a subdued market reaction after the Bank of Japan maintained ultra-low interest rates

The BOJ flagged “sharp volatility” in the currency market and warned of its negative impact on the economy and prices.

Japan trade balance swings to deficit on soaring imports

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