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Daily Currency Snapshot

* Rupee future maturing on September 28 appreciated yesterday on expectations of strong CPI data from India. Further, uptick in domestic equity markets supported the rupee

* The US dollar fell to a more than one-week low on Monday as investors consolidated gains, ahead of a US inflation report that could determine the size of the Federal Reserve's rate hike at this month's policy meeting

* The Euro jumped to a more than three-week peak yesterday, as European Central Bank officials argued for further aggressive monetary tightening

* The pound appreciated by almost 1.00% on Monday amid a weak US dollar index and strong GDP data from the UK. The British economy expanded 0.2% in July from June 2022, rebounding from a 0.6% fall in the previous month. Services was the main driver of the expansion, namely information and communication

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