DAILY CURRENCY MARKET 5th JULY 2019

Rupee opened 5 paise lower note at 68.55 as against dollar on Friday, after closed at 68.50 on Thursday. After opening on a weak note, the rupee recovered by 10 paise to trade at 68.40 against the US dollar as forex market weighed measures announced in the Union Budget to achieve the USD 5- trillion economy targets. USD/INR touched intraday low of 68.39 and high of 68.77. Meanwhile, NSE Nifty 50 ended 1.14 per cent or 135.60 points lower at 11811.15 and Sensex fell 0.99 per cent or 394.67 points to 39513.39.

The Indian currency (INR) was trading 29 paise higher at 77.04 as against Euro. The currency pair EUR/INR opened at 77.30 which was previously close at 77.33. The Currency pair GBP/INR and JPY/INR were trading at 85.55 and 0.63 respectively. The other currency pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.83, 16.56, 18.29 and 18.68 subsequently.

The USD/JPY was trading at 108.45. The currency pair EUR/USD was trading at 1.12. The paired currency EUR/JPY was trading at 121.71 Elsewhere, the currency pair GBP/USD was trading at 1.25. The other currencies pairs AUD/USD, NZD/USD, MYR/USD and SAR/USD were trading at 0.70, 0.66, 0.24 and 0.27 respectively.