USD-INR:
The Indian Rupee appreciated by 0.20 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic markets. Further, FII inflows into local shares supported Rupee. Benchmark stock index 50 share Nifty Index increased by 0.62 percent to 7531.8. FII’s net bought stocks worth Rs 462.86 crores yesterday as per provisional data from NSE. However, sharp gain was prevented as weak trade data from China led to the concern over slowdown in world second largest economy.
EUR-INR:
Euro depreciated by 0.05 percent in yesterday’s trading session as investors remained cautious ahead of ECB monetary policy meet. ECB is anticipated to lower its deposit and margin facility rates and to increase month bond purchasing program. However, sharp downside was cushioned on upbeat economic data from Euro Zone.
GBP-INR:
Pound appreciated by 0.04 percent in yesterday’s trading session on the back of weakness in dollar and upbeat economic data from UK. UK Manufacturing Production increased by 0.7 percent in January from -0.3 percent in December. However, sharp gains was capped as Bank of England Governor Mark Carney stated that Britain exit from European Union may hurt economy and worsen risk to financial stability.
JPY-INR:
Japanese Yen depreciated by 0.56 percent in yesterday’s trading session as demand for safe haven declined on rise in risk appetite in the global markets. Further, disappointing economic data from Japan added downside pressure. Japan Consumer Confidence Index fell to 40.1 in February from 42.5 in January. However, sharp fall in Yen was prevented as market expects Bank of Japan to refrain from adding more monetary stimulus in upcoming meeting.
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