DAILY CURRENCY MARKET 2nd AUG 2019

The rupee opened 18 paise lower at 69.24 against the US dollar on Friday due to strong Dollar demand from banks and importers amid unabated foreign fund outflows. USD/INR touched intraday low of 69.20 and high of 69.67. The rupee closed 52 paise lower at 69.58 against the dollar. Rupee fell against the US dollar after the Federal Reserve decided to cut rates by 25bps and mentioned that the rate cut is not a change in policy shift but a move for a policy adjustment. Meanwhile, The Sensex closed 99.90 points or 0.27%, higher at 37118.22, while Nifty ended up 17.35 points or 0.16% at 10997.35.

The Rupee was trading at 77.27 as against Euro. The currency pair EUR/INR opened at 76.65, which was previously close at 76.23. The Currency pair GBP/INR and JPY/INR were trading at 84.38 and 0.65 respectively. The other currencies pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.74, 16.68, 18.59 and 18.97 subsequently.

The USD/JPY was trading at 108.73. The currency pair EUR/USD was trading at 1.10. The paired currency EUR/JPY was trading at 119.81. Elsewhere the currency pair GBP/USD was trading at 1.21. The other currencies pairs AUD/USD, NZD/USD, MYR/USD and SAR/USD were trading at 0.68, 0.65, 0.24 and 0.27 respectively.