DAILY FOREX REPORT UPDATES FOR AUGUST 03, 2015

Rupee depreciates against US dollar
Rupee depreciated 4 paise to 64.07 against dollar in early trades today. The domestic unit had ended the preceding session at 64.04 against the American currency.

Data released overnight show that the US economy grew at an annualised rate of 2.3 per cent in the second quarter. The GDP numbers were a tad lower than consensus estimate, but were higher than a growth of 0.60 per cent in the first quarter.

Dollar index, which tracks the movement of dollar against a trade weighted basket of six major world currencies, stood at 97.41, down 0.15 per cent.

Dollar Yen gains as market digests higher core CPI in Japan
The Japanese yen gained on Friday as investors saw the core consumer prices rise in June as positive even as other Japanese data on jobs and household spending was downbeat. USD/JPY traded at 124.00, down 0.12%, while AUD/USD changed hands at 0.7297, up 0.05%. Core consumer prices  gained 0.1% in June yearon year, compared to an expectation for a flat outcome. Japan's unemployment rate came in at 3.4%, a tick higher than the 3.3% seenwhile household spending fell 2.0%, well off a 1.7% gain expected