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USDINR 

Observations

USDINR trading range for the day is 82.91-83.09.

Rupee closed slightly weaker with investors cautious on the back of oil supply cuts that could push up imported inflation.

The annual inflation rate in the US accelerated for a second straight month to 3.7% in August from 3.2% in July

India's retail inflation eases to 6.83% in August

EURINR 

Observations

EURINR trading range for the day is 89.04-89.36.

Euro steadied as investors remained cautious ahead of the highly anticipated ECB meeting scheduled for Thursday.

EU Commission cuts euro zone growth forecast as Germany in recession

Germany's current account surplus widened sharply to EUR 18.7 billion in July 2023 from EUR 7.8 billion in the same month last year.

GBPINR 

Observations 

GBPINR trading range for the day is 103.16-103.88.

GBP slipped as British economic output contracted by a larger-than-expected

The British economy shrank 0.5% month-over-month in July 2023, reversing a 0.5% growth in June

The UK unemployment rate rising to 4.3% in the three months leading up to July

JPYINR

Observations

JPYINR trading range for the day is 56.33-56.73.

JPY dropped as traders further digested comments from Japan's top central banker on a possible early exit from its negative interest rate policy

Japan's annual wholesale inflation slowed in August for an eighth straight month, although at 3.2% it remains above the central bank's 2% target.

Japan's finance minister will strive to manage govt debt appropriately