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Daily Currency Snapshot

• Rupee future maturing on September 28 appreciated on Friday amid uptick in the domestic equity market. Further, weakness in the US dollar supported the rupee

• The US dollar depreciated on Friday as markets digested yet more hawkish Fed speak, while the Euro hung on to parity, helped by an outsized rate hike from the European Central Bank

• The Euro advanced on Friday and reached its highest point amid ECB's 75 basis point rate increase on Thursday. However, further upside was restricted by a drop in Germany 10 year’s bond yields

• The pound appreciated by almost 0.70% on Friday amid a weak US dollar index and expectations of interest rate hike from BoE. Further, the pound was supported as Britain's new Prime Minister Liz Truss contributed to the broader narrative of action from European governments on Thursday, announcing a plan to cap consumer energy bills for two years

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