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USDINR

* USDINR trading range for the day is 79.94-80.26.

* USDINR dropped amid sustained foreign fund inflows and investors refrained themselves ahead of the crucial speech by Fed chair Powell.

* India inflation to ease to 4% in 2 years after peaking, RBI's Shaktikanta Das says

* Current account gap will be within manageable levels, Das said, adding that exports are likely to pick up in the coming months

NSE-CUR USDINR Sep 2022

EURINR

* EURINR trading range for the day is 79.76-80.72.

* Euro gains as Euro zone business credit growth surges again in July

* ECB accounts show inflation concerns intensifying

* Flash August Global S&P PMIs showed business activity across the Euro Area contracted for the second straight month

NSE-CUR EURINR Sep 2022

GBPINR

* GBPINR trading range for the day is 93.8-96.22.

* GBP dropped as the outlook of soaring inflation threatened to hurt the pound's purchasing power and further hurt the British economy.

* UK consumers, facing inflation leap, cut spending on cards again

* Financial markets expect the BoE to raise its main rate by 50bps to 2.25% at its September meeting, which would be the seventh consecutive rate hike

NSE-CUR GBPINR Sep 2022

JPYINR

* JPYINR trading range for the day is 58.51-58.93.

* JPY dropped as pressure seen after second estimates showed the US economy shrank by 0.6% in the second quarter

* The Bank of Japan is expected to keep monetary settings ultra-loose to support a fragile economic recovery.

* The au Jibun Bank Japan Manufacturing PMI declined to 51 in August of 2022 from a final 52.1 in July

NSE-CUR JPYINR Sep 2022

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