Currency Market Pre-Market updates Aug 23, 2023

foreign currency exchange rates

Welcome to our daily pre-market update, where we comprehensively analyze the Indian rupee’s performance in the currency markets. In this article, we will delve into the previous day’s trading session, examining the critical movements of the rupee against major currencies such as the US dollar (USD), British pound (GBP), Euro (EUR), and Japanese yen (JPY). Additionally, we will offer insights into what we can expect from the rupee in today’s trading session.

Date- Aug 23, 2023

Place- New Delhi, India

USD/INR – US Dollar Inches Lower

The US Dollar (USD) has started the day at 83.058 Indian Rupees (INR), marking a slight decrease of 0.04% from the previous close. The day’s range oscillates between 82.989 and 83.120.

GBP/INR – British Pound Strengthens

The British Pound (GBP) gains traction against the Indian Rupee (INR), opening at 105.820. This signifies a 0.02% increase from the previous close. The day’s range spans from 105.737 to 105.832.

EUR/INR – Euro Inches Up

The Euro (EUR) strengthens against the Indian Rupee (INR), beginning at 90.1610. This marks a 0.05% increase from the previous close. The day’s range fluctuates between 90.0640 and 90.1680.

JPY/INR – Japanese Yen on the Rise

The Japanese Yen (JPY) starts on a positive note against the Indian Rupee (INR) at 57.0152. This indicates a 0.17% increase from the previous close. The day’s range extends from 56.9211 to 57.0574.


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