DAILY CURRENCY MARKET 13th SEP 2019

The Indian rupee (INR) today rose to below 71 a US dollar, extending gains to the seventh day. USD/INR touched intraday low of 70.85 and high of 71.15. Improved global risk sentiment and gains in other Asian currencies helped lift the rupee higher. The rupee today settled at 70.92 against dollar, as compared to its earlier close of 71.14. Appreciation in rupee's value against the US dollar has also put pressure on domestic gold and silver prices. The rupee also hit a new four-week high in intraday trade against the dollar on September 13.Meanwhile, Sensex was up 280.71 points or 0.76 % at 37384.99 and Nifty was up 93.10 points or 0.85% at 11075.90.

The Rupee was trading at 78.72 as against Euro. The currency pair EUR/INR opened at 78.72, which was previously close at 78.42. The Currency pair GBP/INR and JPY/INR were trading at 88.38 and 0.65 respectively. The other currencies pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.89, 17.03, 18.92 and 19.32 subsequently.

The USD/JPY was trading at 107.98. The currency pair EUR/USD was trading at 1.10. The paired currency EUR/JPY was trading at 119.79. 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 0.69, 0.64, 0.24 and 0.27 respectively.