DAILY CURRENCY MARKET 23rd NOV 2020

On Monday, The rupee started on a positive note at Rs.74.12 against the US dollar compared with the previous close of 74.15. The rupee Indian rupee rose as the prospect of an early rollout of coronavirus vaccines offset concerns about economic restrictions to control the spread of the virus, favoring risk assets for the moment. Rupee closed 5 paise higher at Rs. 74.10 against us dollar due to soars in domestic equity market. USD/INR touched intraday low of 74.05 and high of 74.22. Meanwhile, Sensex ended at 44,077.15, up 194.90 points or 0.44 per cent while NSE barometer Nifty settled at 12926.45, up 67.40 points or 0.52 per cent.

The Indian currency (INR) was trading at 88.04 as against Euro. The currency pair EUR/INR opened at 88.00 which was previously close at 87.92. The Currency pair GBP/INR and JPY/INR were trading at 99.07 and 0.71 respectively. The other currency pairs ZAR/INR, MYR/INR, SAR/INR and AED/INR were trading at 4.84, 18.09, 19.73 and 20.15 subsequently.

USD/JPY was trading 103.66 to 103.87 throughout the day. Currently, the pair was trading at 103.69. The currency pair EUR/USD was trading at 1.18. The paired currency EUR/JPY was trading at 123.45. Elsewhere, the currency pair GBP/USD was trading at 1.33. The other currencies pairs AUD/USD, NZD/USD, MYR/USD and SAR/USD were trading at 0.73, 0.69, 0.24 and 0.27 respectively.