IGI Logo

Daily Currency Snapshot

* Rupee future maturing on September 28 appreciated on Tuesday amid continued FII flows into domestic equities. Further, the rupee was supported by a drop in crude oil prices

* The US dollar appreciated on Tuesday amid strong economic data from the US. The number of job openings in the US rose by 199,000 from a month earlier to 11.2 million in July of 2022 against market expectations of 10.45 million

* The Euro also appreciated on Tuesday with a decline in energy prices and expectations for an interest rate hike. However, sharp upside was restricted by weak economic data from the Euro area

* The pound edged lower on Tuesday and was set for its biggest monthly fall against the single currency in 16 months as the energy crisis renewed recession fears in Britain. The continued rise in gas prices entails the risk that the recession will be more pronounced and longer than previously expected

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