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Daily Currency Snapshot

• Rupee future maturing on September 28 appreciated yesterday amid rise in domestic equity markets. However, rise in crude oil prices restricted further upsides

• The US dollar rose to a new two-decade high yesterday on expectations that the Federal Reserve will continue its aggressive monetary tightening, especially after the release of the better-thanexpected nonfarm payrolls data on Friday

• The Euro sank below $0.99 to a new 20-year low on Monday after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region

• The pound traded flat near two and a half-year lows on Monday, as Liz Truss was set to become Britain's next Prime Minister after winning a leadership race for the governing Conservative Party against a deteriorating economic backdrop

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