IGI Logo

Daily Currency Snapshot

• Rupee future maturing on October 27 fell to a record low on Monday amid a negative trend in domestic equity markets. Further, a rise in the US dollar index pressurised the rupee

• The US dollar strengthened for a fourth consecutive session to above 113 on Monday, as investors continue to bet the Federal Reserve will press ahead with its aggressive tightening plans. Further, a sharp rise in US 10 year’s treasury yield supported the US dollar

• The Euro depreciated yesterday amid a strong US dollar index. However, a sharp rise in German 10 year’s bond yields prevented a further downside in the Euro

• The pound traded flat yesterday even after the Bank of England (BoE) expanded its support for financial markets. Further, a rise in US dollar pressurised the sterling

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