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Daily Currency Snapshot

• Rupee future maturing on October 27 appreciated marginally yesterday amid a sharp drop in crude oil prices. However, continued weakness in domestic equity markets prevented further upsides

• Dollar Index continued its attempts to settle above the resistance at 113 as demand for safe-haven assets stayed strong

•The Euro advanced yesterday amid weakness in the US dollar index. However, a drop in German 10 year’s bond yields prevented a further upside in the Euro

• The pound appreciated on Tuesday amid stronger-than-expected economic data from Britain. The jobless rate in the UK fell to 3.5% in the three months to August 2022, a new low since 1974, below 3.6% in the previous period and market forecasts of 3.6%

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