DAILY CURRENCY MARKET 8th AUG 2019

The rupee opened 9 paise higher at 70.79 against the US dollar. USD/INR touched intraday low of 70.55 and high of 70.95. The currency closed 19 paise higher at 70.69 against the dollar. The Reserve Bank of India's move on the key interest rates and comments on liquidity provided support to the currency markets. The rupee had closed 70.88 as against dollar on Wednesday. Meanwhile, the Sensex was up 636.86 points or 1.74 % at 37327.36 while Nifty was up 176.95 points or 1.63% at 11032.45.

The Rupee was trading at 79.22 as against Euro. The currency pair EUR/INR opened at 79.47, which was previously close at 79.32. The Currency pair GBP/INR and JPY/INR were trading at 85.91 and 0.66 respectively. The other currencies pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.67, 16.90, 18.85 and 19.26 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 118.63. 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.