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Forex Market News Update-28 June 2016

Forex Market

USD-INR:
The Indian Rupee appreciated by 0.33 percent in yesterday’s trading session on the back of weakness in dollar and rise in risk appetite in the global markets. Market sentiments improved after opinion polls released indicated that support to remain in EU had regained lead. Further, central bank said that they are keeping watch on development over Britain’s EU referendum and assured that it will take all necessary steps including liquidity support. Benchmark stock index 50 share Nifty Index increased by 0.81 percent to 8270.45. FII’s net bought stocks worth Rs 81.87 crores yesterday as per provisional data from NSE. In Intraday Indian Rupee touched a high of 67.2375 and closed at 67.2550 against Dollar.

EUR-INR:
Euro appreciated by 0.79 percent in yesterday’s trading session on the back of weakness in dollar and upbeat economic data from Euro Zone. Further, recent poll in UK showed that voters supporting Britain to remain in EU rose compared to previous polls. However, sharp gain was capped as European Central Bank President Draghi said UK referendum is adding uncertainty in the market and central bank is ready to act with all its instruments if necessary. He also signaled further monetary easing. In intraday Euro touched a high of 1.1421 and closed at 1.1385 against Dollar.

GBP-INR:
Pound appreciated by 1.19 percent in yesterday’s trading session on the back of weakness in dollar. Further, rise in hopes that Britain will vote to stay in EU supported pound. Recent poll in UK showed that voters supporting Britain to remain in EU rose compared to previous polls. In intraday Pound touched a high of 1.4946 and closed at 1.4878 against Dollar.

JPY-INR:
Japanese Yen depreciated by 1.66 percent in yesterday’s trading session as market sentiments improved after opinion polls released indicated that support to remain in EU had regained lead. In intraday Yen touched a low of 106.16 and closed at 106.13 against Dollar.

Alisha Singh

Alisha Singh

1 comment:

  1. Interesting updates on currency i learned here. I always explore market updates before trading. On twitter epic research helps me with live and accurate updates.

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