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USDINR

* USDINR trading range for the day is 79.68-80.18.

* USDINR dropped after U.S. Federal Reserve Chair Jerome Powell eased trader concerns over continued aggressive monetary tightening.

* Rupee to be supported by central bank intervention if there is any depreciation pressure on the local currency in the near term.

* Traders said focus will soon shift to monetary policy committee meeting by the Reserve Bank of India (RBI) due next week.

EURINR

* EURINR trading range for the day is 80.52-82.3.

* Euro dropped as the services confidence indicator in the Euro Area fell to 10.7 in July of 2022 from 14.1 in June

* The industrial confidence indicator in the Euro Area fell to 3.5 in July of 2022, the lowest since February last year.

* Still, lingering recession concerns exacerbated by the ongoing energy crisis in Europe weighed on investors' mood.

GBPINR

* GBPINR trading range for the day is 96.26-97.82.

* GBP rose as the more positive mood on broader markets encouraged investors back into currencies considered riskier during uncertainty.

* The BoE has already raised rates by 115 percentage points, but inflation shows no signs of peaking.

* The latest data showed Britain's consumer prices accelerated further by 9.4% in June, a new high since 1982 and above forecasts of 9.3%.

JPYINR

* JPYINR trading range for the day is 58.68-59.46.

* JPY gained as Federal Reserve Chair Jerome Powell delivered a less hawkish outlook on rates than markets anticipated.

* BOJ’s Amamiya stressed the need to keep easy monetary settings, arguing that wages must catch up to boost consumption

* The core consumer price index in Japan, increased 2.2% in June 2022 from a year earlier

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