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USDINR

Observations

USDINR trading range for the day is 81.95-82.31

Rupee closed higher helped by possible dollar inflows into equities and broad weakness in the dollar

India's foreign exchange reserves saw an uptick of $1.23 billion.

Indian businesses projected a boost to business activity and capital expenditure over the coming 12 months.

EURINR

Observations

EURINR trading range for the day is 91.99-92.65

Euro dropped influenced by a broader weakness after weaker Chinese GDP growth

German wholesale prices drop sharply in June

ECB raises concerns over meeting inflation target

GBPINR

Observations

GBPINR trading range for the day is 107.06-107.76

GBP dropped on profit booking as markets continued to assess the BoE’s expected monetary policy path

BOE banking system stress test showed Britain's largest lenders have enough capital to ride out a potential economic crisis

Data showed that British wages rose at the joint highest rate on record in the three months to May

JPYINR

JPYINR trading range for the day is 59.22-59.72

JPY remained in range as investors turned cautious ahead of the Bank of Japan's policy meeting.

Bank of Japan chief: Global economic outlook is 'highly uncertain'

Investors also assessed Japanese industrial output figures which declined more than anticipated in May.

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