Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 74.3500 74.3600
EUR 1.1979 89.0639 1.1984 89.1130
GBP 1.38319 102.8402 1.38391 102.9075
JPY 108.793 68.3132 108.837 68.3500
CHF 0.91975 80.7766 0.92044 80.8481
SGD 1.3339 55.6929 1.335 55.7463
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The Rupee closed rangebound on Friday as the 10-year benchmark US Treasury note slumped to its lowest level in a month on Thursday even as key economic data points in the country showed signs of improvement. However, concerns over the economic fallout of stringent lockdown measures in parts of India amid a deadly COVID-19 wave may weigh on the rupee through the day. Globally, market players readjusted their bets on the US Treasury notes after US Federal Reserve officials insisted on maintaining the dovish stance on its monetary policy time and again.......
The US dollar was up against major currencies today, but was on course to weekly losses due to a pullback in US Treasury yields as investors increasingly bought into the Federal Reserve's insistence of continued monetary support. Yield on the 10-year US Treasury note slumped to one-month low on Thursday led by possible safe-haven bids related to rising US-Russia tensions, along with Japanese buying and technical factors which helped offset strong economic data. Crude Futures scaled a fresh four-week high Thursday on positive US economic data and upbeat monthly oil demand forecasts from the International Energy Agency and Organization of the Petroleum Exporting Countries as nations start to recover from the pandemic.......

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