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Daily Currency Snapshot

• Rupee future maturing on September 28 appreciated by 0.33% yesterday amid a sharp rise in domestic equity markets. However, further upside was restricted by a rise in crude oil prices

• The US dollar traded flat yesterday despite strong initial jobless claims data and as Federal Reserve Chair Jerome Powell said on Thursday the central bank was strongly committed to controlling inflation

• The Euro traded flat on Thursday despite the European Central Bank raising interest rates by a record 75 basis points, taking the deposit rate above 0% for the first time since 2012, in an attempt to tame surging inflation

• The pound depreciated by almost 0.40% yesterday amid a strong US dollar index. However, a sharp rise in UK 10-year treasury yields prevented further downside

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