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- September 4, 2023
Place- New Delhi, India
USD/INR
The USD/INR currency pair is showing some slight movement in the pre-market, with the US Dollar opening at 82.7275 INR and currently trading at 82.7400 INR. The trading range has been relatively narrow, with the high at 82.8000 INR and the low at 82.7050 INR. This comes after the pair closed at 82.7300 INR in the previous session.
GBP/INR
The GBP/INR pair has opened at 104.2800 INR and is currently trading at 104.3115 INR. The trading range for this pair has seen some fluctuations, with the high at 104.4050 INR and the low at 104.2450 INR. It’s worth noting that there has been a significant increase in open interest, indicating active trading.
EUR/INR
The EUR/INR pair opened at 89.2725 INR and is currently trading at 89.2557 INR. The trading range has been relatively narrow, with the high at 89.3575 INR and the low at 89.2700 INR. Like GBP/INR, there has been an increase in open interest, suggesting increased market activity.
JPY/INR
The JPY/INR pair opened at 56.7000 INR and is currently trading at 0.5662 INR. The trading range has been relatively narrow, with the high at 56.7125 INR and the low at 56.6625 INR. Open interest for this pair has decreased slightly.
Disclaimer
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