Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 91.8600 91.8700
EUR 1.16536 107.0500 1.16537 107.0625
GBP 1.34712 123.7464 1.3472 123.7673
JPY 157.38 58.3638 157.392 58.3746
CHF 0.77568 118.4236 0.77569 118.4380
SGD 1.2715 72.2420 1.27156 72.2532
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The Rupee opened slightly stronger on Tuesday, boosted by a pullback in oil prices after U.S. ?President Donald Trump said the Iran war would be over soon, ?bringing relief to investors worried about prolonged disruptions to energy supplies. The 1-month non-deliverable forward indicated the rupee will open in the 91.90-92.00 range versus the ?U.S. dollar, having dropped 0.64% on Monday to 92.3275. Brent crude ?futures slid more than 10% on Tuesday to around $88.50, sharply off ?the panic high of $119.50 seen the previous day. Fears ?of prolonged Persian Gulf supply disruptions are receding after Trump’s ?comments, ING Bank said, though it cautioned that his words "will only go so far" ?unless ?oil flows through the Strait of Hormuz resume. In response to Trump, Iran's Revolutionary Guards said they would determine when the war is over and that Tehran would not allow "one litre of oil" to ?be exported from ?the region if ?U.S. and Israeli attacks continued. Supported by the drop in oil prices, risk assets rallied, with U.S. ?equities recovering and Asian shares following suit. U.S. ?Treasury yields ?and the dollar index slipped. Indian equities were poised to open on a positive note. The dollar lost some of its safe-haven appeal on speculation that the war in the Middle East could prove limited on Tuesday, pulling down skyrocketing ?oil prices and boosting risk assets. At 157.73 yen and $1.1632 per euro , the ?greenback was firm in early Asia trade, but it has retreated from day-earlier highs after U.S. President Donald Trump said war against Iran was "very complete." Washington was "very far ahead" of his initial four- to five-week ?time estimate, he told CBS News. The risk-sensitive Australian dollar , ?which has loitered around 70 cents since war broke out, steadied at around $0.7068. The dollar has been traders' ?shelter-of-choice as ?U.S. and Israeli attacks on Iran have all but frozen oil and gas exports through the Strait of Hormuz, sending energy prices soaring.Sterling ?recovered from a ?Monday dip to hold at $1.3412 and the New Zealand dollar steadied at $0.5932. A Deutsche Bank analysis on Monday suggested larger market moves out of ?risky assets could require oil prices to stay at higher levels, a ?policy pivot ?from central banks and tangible signs of a broader economic slowdown. Oil ?prices fell on Tuesday after hitting their highest level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent futures ?fell $6.51, or 6.6%, to $92.45 a barrel at 0018 GMT, while U.S. West Texas Intermediate (WTI) crude was ?down $6.12, or 6.5%, to $88.65.......
The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......

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