DAILY CURRENCY MARKET 7th AUG 2019

The rupee opened 13 paise lower at 70.96 against the US dollar. USD/INR touched intraday low of 70.62 and high of 70.97. The currency closed 4 paise lower at 70.87 against the dollar. The rupee witnessed high volatility and slipped towards 71 level after the Reserve Bank of India on Wednesday cut key interest rate by 35 basis points to boost the slowing economy. The rupee had closed 70.83 as against dollar on Tuesday. Meanwhile, the Sensex was down 286.35 points or 0.77% at 36690.50 while Nifty was down 92.75 points or 0.85% at 10855.50.

The Rupee was trading at 79.32 as against Euro. The currency pair EUR/INR opened at 79.79.51, which was previously close at 79.34. The Currency pair GBP/INR and JPY/INR were trading at 86.10 and 0.66 respectively. The other currencies pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.70, 16.91, 18.93 and 19.33 subsequently.

The USD/JPY was trading at 105.96. The currency pair EUR/USD was trading at 1.11. The paired currency EUR/JPY was trading at 118.65. 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 0.67, 0.64, 0.24 and 0.27 respectively.