Currency

Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 67.4150 67.4250
EUR 1.05578 71.1754 1.05638 71.2264
GBP 1.25749 84.7737 1.2578 84.8072
JPY 115.274 58.4626 115.313 58.4911
CHF 1.0164 66.2946 1.0169 66.3371
SGD 1.42965 47.0890 1.43165 47.1619
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USDINR closed at 67.4150 against its opening of 67.4900. USDINR ended, snapping five-day losses Friday as investors' regained expectations of a Federal Reserve rate increase this month post a better than expected US economic data. Also, the dollar surged after the unexpected announcement by the European Central Bank said it has extended the bond buying programme (QE) to December 2017 but reduced the size of buying to 60 billion euro from 80 billion euro from April 2017. Now market will be focusing on FOMC meeting scheduled to be held next week. Rising US treasury yields likely to keep dollar firm till FOMC meeting, the note added.The dollar gained grounds against its major peers as investors' hopes for a Federal Reserve rate hike during the Dec 13-14 ......
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Asian shares flatlined but were on track for robust weekly gains, while the euro caught its breath after sliding when the European Central Bank trimmed the size of its asset purchase program and also extended it for longer than many had expected.Gold extended losses, weighed down by a stronger U.S. dollar and expectations the U.S. Federal Reserve will hike rates next week.Oil rebounded from the week's lows to close above $50 a barrel, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production.China's producer prices rose the fastest in more than five years in November as prices of coal, steel and other building materials climbed, boosting industrial profits and giving firms more cash flow to pay off mountains of debt.......
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