DAILY CURRENCY MARKET 20 MAY 2019

Rupee opened 74 paise higher at 69.49 on Monday as against the US dollar, after settling at 70.23 on Friday. The rupee Closed 49 paise up as against the dollar at 69.74. The rupee and bonds railed at the market after exit polls suggested the election will give a clear mandate for the ruling party led coalition.USD/INR touched intraday low of 69.35 and high of 69.76. The BSE Sensex gained 1421.90 points or 3.75% to 39352.67, and the NSE Nifty ended with a gain of 421.10 point or 3.69% to 11828.25. The RBI set a reference exchange rate for dollar at 70.16.

The Indian currency (INR) was trading 58 paise higher at 77.81 as against Euro. The currency pair EUR/INR opened at 77.87, which was previously close at 78.40. Meanwhile, the RBI set a reference exchange rate for Euro at 78.43. The Currency pair GBP/INR and JPY/INR were trading at 88.87 and 0.63 respectively. The RBI set a reference exchange rate for 1 pound sterling at 89.72, while for 100 JPY at 64.03. The other currencies pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.85, 16.65, 18.57 and 18.97 subsequently.

The USD/JPY was trading at 109.87. The currency pair EUR/USD was trading at 1.11. The paired currency EUR/JPY was trading at 122.73. 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 0.69, 0.65, 0.24 and 0.27 respectively.