IGI Logo

• Rupee future maturing on October 27 appreciated yesterday amid a drop in the US dollar index. However, sharp upside was restricted by continuous FII outflow from domestic equity markets

• The US dollar depreciated yesterday as traders continued to take profits after the recent rally. However, further downside was prevented by weaker than expected initial jobless claims data from the US

• The Euro edged higher by almost 0.40% on Thursday after German Chancellor Olaf Scholz set out a €200 billion ($194 billion) package, including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices

• The pound appreciated by about 1.40% yesterday as the US dollar fell against some currencies with investors taking comfort from the Bank of England's purchase of long-dated bonds to stabilise the market

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
SEBI Registration number INZ000183631

Above views are of the author and not of the website kindly read disclaimer