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Daily Currency Snapshot

* Rupee future maturing on October 27 depreciated yesterday amid an uptick in crude oil prices. However, a rise in domestic equity markets prevented further depreciation

* US dollar edged lower by almost 1.00% yesterday amid a rise in risk appetite in global markets. Further, the dollar was pressurised by weakness in US 10 year’s treasury yields

* The Euro appreciated on Monday by 1.15% amid drop in US dollar. However, further upside was restricted by weakness in Germany 10 years bond yields

* The British pound rallied on Monday as new Finance Minister Jeremy Hunt reversed much of Prime Minister Liz Truss's economic growth plan and said the tax changes would raise £32 billion ($36 billion) a year in extra revenues as he sought to end the chaos in the bond market

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