• Spot rupee ended at 94.25/26 to a dollar after opening the day at 94.21 level. Elevated crude oil prices along with persistent FII withdrawals kept Rupee under pressure. Equity markets benchmarks ended lower by about 1.27 during the session today.
• DXY traded firmly at 98.75 level, with uncertainty related to the US Iran peace treaty led to safe haven demand..
• EUR traded close to its weekly lows at 1.1695 ahead of ECB meeting next week. German IFO Business Climate index deteriorated further to 84.4 from 86.3 in Mar. GBP dropped sharply to 1.3490. Meanwhile, JPY traded on a negative note at 159.75. Japan CPI came in higher than expected at 1.5 in Mar vs the prior reading of 1.3.
• US Important Data releases tonight:- Michigan Consumer Sentiment Index

The Indian rupee opened weaker at 94.23, extending its losing streak for the fifth consecutive session. The uptick in crude oil prices, which has surge past $106 per barrel, continues to weigh on the local unit after a brief respite earlier in the week.

On the global front, the US dollar’s strength remains a dominant theme, pressuring major currencies. The euro has slipped toward 1.1670, while sterling trades near 1.3450, underscoring investor caution and subdued growth prospects in Europe. The Japanese yen has depreciated to 160 per dollar despite warnings of possible intervention, as elevated oil prices further strain Japan’s external balance.