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 28, 2023
Place- New Delhi, India
The USD/INR pair opened at 82.581 and experienced a slight increase of 0.01%. The day’s trading range extends from 82.517 to 82.665.
The British Pound (GBP) gained ground against the Indian Rupee (INR), opening at 104.061. This signifies a 0.18% increase from the previous close. The day’s range spans from 103.827 to 104.122.
The Euro (EUR) displayed strength against the Indian Rupee (INR), starting at 89.280. This marks a 0.23% increase from the previous close. The day’s range spans between 89.106 and 89.312.
The Japanese Yen (JPY) opened at 56.434 and experienced a decrease of 0.13%. The day’s range extends from 56.3401 to 56.464.
In addition to the individual currency movements, the Dollar Index (DXY) data provides further insights into the US Dollar’s overall performance. The DXY started at 104.19, and the day’s trading range extended from 104.05 to 104.21, reflecting a 0.00% change in today’s pre-market trading session.
CurrencyVeda provides information purely for educational purposes. We are not financial advisors or brokers. The content we provide should not be taken as financial advice or a recommendation to buy or sell any sort of investment or security. Always perform your own due diligence and consult with a licensed professional before making any investment decision