ICICI Direct, Euro depreciated by 0.75% yesterday amid strong dollar and weak domestic market sentiments.

ICICI Direct, Euro depreciated by 0.38% on Friday majorly on the back of strong dollar and risk aversion in the global markets.

ICICI Direct, Euro depreciated by 0.14% yesterday’s amid strong dollar. Further, ECB President Lagarde said central bank may need to cuts its growth outlook further as fallout from Russia invasion of Ukraine weighs on households and businesses.

An aggressive international trade lobbying is required to actively promote Rupee trade with dominant economies

Besides, unabated foreign fund outflows and fluctuations in international crude prices weighed on investor sentiments, forex traders said.

ICICI Direct, The US dollar retreated from its high amid a decline in US treasury yields.

At the interbank foreign exchange, the rupee opened at 76.41 against the American dollar, then gained further ground to quote at 76.31, registering a rise of 19 paise from the last close.

ICICI Direct, The US dollar rallied amid surge in US treasury yields and hawkish statement from Fed officials.

At the interbank foreign exchange, the rupee opened at 76.34 against the American dollar, then lost ground to quote at 76.35, registering a fall of 6 paise from the last close.

ICICI Direct, The pound depreciated by 0.37% yesterday amid strong dollar and as world bank slashed its global growth outlook.