Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 68.9125 68.9225
EUR 1.12063 77.2254 1.12066 77.2387
GBP 1.24738 85.9601 1.2475 85.9808
JPY 107.916 63.8552 107.92 63.8668
CHF 0.98255 70.1264 0.98269 70.1466
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USD/INR ends at Rs 68.9125/$1 after opening at Rs 68.89/$1 Monday compared to Rs 68.80/$1 at previous close. Dollar/rupee closed up Monday as bets on an aggressive Fed rate cut faded after comments from Fed officials, while higher crude oil prices further aided dollar demand.As bets on 50 bps rate cut by Fed this month reduced, dollar rose. Crude is also trading higher.Meanwhile, dollar/rupee in the non-deliverable forward (NDF) market maturing in one month traded at Rs 69.25/$1 compared to......
China said on Monday it will impose anti-dumping duties on some stainless steel products imported from the European Union, Japan, South Korea and Indonesia.Anti-dumping tariffs of 18.1% to 103.1% will be applied to stainless steel billets and hot-rolled stainless steel plates from companies in the EU and the three Asian nations, effective July 23, China’s Ministry of Commerce said in a statement.The decision follows an anti-dumping probe in July last year after a complaint filed by state-owned Shanxi Taigang Stainless Steel. Stainless steel billets and hot-rolled stainless steel plates are mainly used as raw material to make cold-rolled stainless steel products or used in shipbuilding, containers, rail, power and other industries.China, the world’s largest stainless steel producer......

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