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 29, 2023
Place- New Delhi, India
USD/INR
In the pre-market trading session on August 29, 2023, the USD/INR pair is exhibiting a slight upward movement, opening at 82.7500 and reaching a high of 82.7500. The pair’s trading range spanned from 82.5600 to 82.7500. The previous day’s close stood at 82.6350. The trading volume reached 76,198 with a traded value of 62,934.38 lacs INR. The open interest (OI) registered at 1,942,383 contracts, indicating a change of 10,327 contracts (0.53%). The VWAP (Volume-Weighted Average Price) settled at 82.5932, and the spot price was recorded at 82.5775.
GBP/INR
The GBP/INR pair demonstrated a minor gain in the pre-market opening of August 29, 2023. It opened at 103.9800 and reaching a high of 104.3375. The trading range can be extended from 103.9800 to 104.3375 throughout the day. The previous day’s closing price was 103.9800. The trading volume was recorded at 8,412 contracts, with a traded value of 8,772.67 lacs INR. The open interest (OI) stood at 135,961 contracts, representing a change of -3,497 contracts (-2.51%). The VWAP (Volume-Weighted Average Price) settled at 104.2876, and the spot price was noted at 103.9212.
EUR/INR
In the pre-market session on August 29, 2023, the EUR/INR pair is exhibiting some fluctuations. It opened at 89.4525 and achieves a high of 89.5200, with a low of 89.4500. The previous day’s closing price was 89.3275. The trading volume reached 4,459 contracts, with a traded value of 3,990.60 lacs INR. The open interest (OI) stood at 83,019 contracts, indicating a change of -1,749 contracts (-2.06%). The VWAP (Volume-Weighted Average Price) settled at 89.4954, and the spot price was observed at 89.2999.
JPY/INR
The JPY/INR pair is experiencing a slight decline in the pre-market session of August 29, 2023. It opened at 56.4550 and saw a high of 56.4550, while dipping to a low of 56.3775. The previous day’s closing price was 56.4150. The trading volume reached 12,664 contracts, with a traded value of 7,147.16 lacs INR. The open interest (OI) stood at 64,755 contracts, representing a change of -6,259 contracts (-8.81%). The VWAP (Volume-Weighted Average Price) settled at 56.4368, and the spot price was noted at 56.3580.
Disclaimer
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