Cryptocurrency

Rupee Finished Marginally Higher As Broad Dollar Weakening Offset Importer Demand.


# trading range for the day is 81.91-82.15.
# Rupee ended slightly higher, as broad weakness in the greenback and corporate dollar inflows helped offset demand from importers.
# The US economy expanded an annualized 2.4% in Q2, higher than 2% in the previous period
# India GDP to grow 6-6.3% in FY24, economic prospects brighten.

# trading range for the day is 90.89-91.75.
# Euro strengthened as the dollar dropped after Fed raised the fed funds rate by 25bps as expected
# The European Central Bank raised interest rates by 25 basis points, a ninth consecutive rate hike
# The Eurozone economy has been showing signs of weakness while inflation remains almost 3 times above the target.

# trading range for the day is 105.89-106.69.
# GBP rose amid the weakening dollar after the U.S. central bank raised the cost of borrowing again.
# The retail sales balance in the UK, dropped to -25 in July 2023 from -9 in the previous month
# The latest PMI survey showed that UK business activity growth slowed sharply in July to a six-month low.

# trading range for the day is 58.59-59.17.
# JPY settled flat driven by speculations that the Fed interest rate hike could be the last in its current monetary policy tightening cycle
# BOJ is expected to maintain its ultra-easy monetary policy despite higher global rates.
# The au Jibun Bank Flash Japan Services PMI edged down to 53.9 in July 2023 from a final of 54.0 a month earlier.



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