Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 68.5350 68.5450
EUR 1.12565 77.1464 1.12568 77.1597
GBP 1.25156 85.7757 1.25168 85.7964
JPY 107.875 63.5295 107.879 63.5411
CHF 0.98526 69.5575 0.9853 69.5705
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USD/INR closed at 68.5350 against its opening of 68.54. Dollar/rupee traded and ends lower on Monday tracking a weak greenback pinned down by expectations of a Federal Reserve rate cut this month.Dollar still remained in the weak zone. Also, Chinese GDP data was in line with expectations, boosting Asian currencies. Despite a slowdown in Chinese economic growth, data came in line with market expectations amid upbeat retail sales and industrial production data from the world's second largest economy.Indian rupee along with other Asian currencies found support post release of slew of Chinese data.Local stocks opened higher Monday on optimism over better fiscal first quarter corporate earnings amid mixed global cues.......
China’s economic growth slowed to 6.2% in the second quarter from a year earlier, the weakest in at least 27 years, as demand at home and abroad faltered as the United States ratcheted up trade pressure.But stronger-than-expected gains in June factory output and retail sales offered some signs of stabilization China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fuelling worries of a global recession.The Australian dollar strengthened on stronger-than-expected economic data from China, which some analysts saw as signaling that moves aimed at reviving spending in the world’s second biggest economy......

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