DAILY CURRENCY MARKET 28 MAY 2019

Rupee opened 14 paise lower at 69.65 on Tuesday and closed 17 paise lower against the dollar at 69.68 owing to increased demand from importers and banks. USD/INR touched intraday low of 69.59 and high of 69.74. Meanwhile, Sensex ended at 39749.73, up 66.44 points, or 0.17 per cent, while Nifty closed with a gain of 4.00 points, or 0.03 per cent, to close at 11928.75. The RBI set a reference exchange rate for dollar at 69.43.

The Indian currency (INR) was trading 12 paise lower at 77.93 as against Euro. The currency pair EUR/INR opened at 77.75, which was previously close at 77.80. Meanwhile, the RBI set a reference exchange rate for Euro at 77.82. The Currency pair GBP/INR and JPY/INR were trading at 88.26 and 0.63 respectively. The RBI set a reference exchange rate for 1 pound sterling at 88.47, while for 100 JPY at 63.38. The other currency pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.77, 16.62, 18.56 and 18.96 subsequently.

The USD/JPY was trading at 109.49. The currency pair EUR/USD was trading at 1.11. The paired currency EUR/JPY was trading at 122.42. 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, 0.66, 0.24 and 0.27 respectively.