Currency

Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 71.1550 71.1650
EUR 1.13503 80.7631 1.1351 80.7794
GBP 1.30289 92.7071 1.30296 92.7251
JPY 110.831 64.1961 110.84 64.2104
CHF 1.00089 71.0875 1.00095 71.1017
SGD 1.3518 52.6255 1.3521 52.6446
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USD/INR trading at 71.15 against its opening at 71.28. USD/INR opened down Wednesday on selling by exporters amid a weak trading in greenback.Few exporters are selling and dollar is also weak. Risk-appetite has improved due to optimism over the new round of US-China trade talk. But rupee will have to face its nemesis in the Crude oil rally.However, higher Brent crude oil prices will cap gains in the local currency.The greenback plunged against major peers as optimism over the fresh round of talks between China and the US made investors scale back their safe-haven holdings.......
Japan’s exports posted their biggest decline in more than two years as China-bound shipments tumbled, fuelling concerns about slowing global demand as the business mood sours and orders for the country’s machinery goods fell sharply.Ministry of Finance data out on Wednesday showed Japan’s exports fell 8.4 percent year-on-year in January, a bigger decline than the 5.5 percent fall expected by economists in a Reuters poll.It was the sharpest annual decline since October 2016, and followed a revised 3.9 percent year-on-year drop last December.......

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