The Rupee Fell As Rising US Government Rates And Weakness In Asian Currencies

# trading range for the day is 83.09-83.37.

# Rupee ended at lower as elevated U.S. treasury yields and weakness in other Asian currencies weighed.

# The is likely paying in rupee forwards across various deliveries via public sector banks.

# Indias external debt declined to 18.9 percent of GDP at the end of March 2023 from 20 percent last year.

# trading range for the day is 89.13-89.49.

# Euro dropped weighed down by weak global sentiment.

# ECB officials recently warned that further rate increases are still on the table as inflationary pressures persist.

# Industrial production in Germany shrank by 0.8% month-over-month in July 2023.

# trading range for the day is 103.49-104.25.

# GBP slipped instigated by remarks from Bank of England Governor Andrew Bailey during his appearance before UK Parliament.

# Bailey stated that the central bank was approaching the conclusion of its string of interest rate hikes.

# UK businesses report lower inflation expectations: BoE.

# trading range for the day is 56.52-56.86.

# JPY steadied as BOJs Nakagawa said the central bank must keep its ultra-loose monetary policy.

# Japan\\'s leading economic index at a 21-month low.

# Japan\\'s Kanda has stated that the country will not rule out any options in the currency markets due to the sharp yen depreciation.