DAILY CURRENCY MARKET 7th JUNE 2019

Rupee opened 8 paise higher at 69.19 as against dollar on Friday on account of some selling in American currency by banks and importers, after closed at 69.27 on Thursday. Today, Rupee closed 19 paisa lower against the dollar at 69.46. The Indian currecy ended marginally lower after RBI cut the key interest rates by 0.25 basis points to a nine-year low of 5.75 percent and also changed its monetary policy stance to accommodative. USD/INR touched intraday low of 69.19 and high of 69.53. Sensex was up 86.18 points at 39,615.90, while Nifty was up 26.90 points at 11,870.70.

The Indian currency (INR) was trading 49 paise lower at 78.28 as against Euro. The currency pair EUR/INR opened at 78.02, which was previously close at 77.79. The Currency pair GBP/INR and JPY/INR were trading at 88.29 and 0.64 respectively. The other currency pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.62, 16.72, 18.54 and 18.93 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 122.30. Elsewhere, the currency pair GBP/USD was trading at 1.27. 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.