Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 95.2500 95.2600
EUR 1.14281 108.8527 1.14285 108.8679
GBP 1.33802 127.4464 1.33809 127.4665
JPY 161.9 58.8293 161.909 58.8388
CHF 0.80656 118.0927 0.80657 118.1065
SGD 1.29232 73.7007 1.29239 73.7124
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The Rupee opened stronger on Tuesday, supported by the rise in most Asian currencies, though traders say ?the currency's underlying bias has weakened markedly in recent sessions. The rupee's recovery toward the 94-per-dollar ?level, helped by the decline in oil prices and steps taken by ?the Reserve Bank of India to draw in dollar flows, appears to have ?run its course, with the currency back on the defensive, traders said. Routine dollar demand from importers, expectations that the Federal Reserve could still raise rates later this year, and arbitrage-related ?flows have weighed on the rupee. The dollar index, which had rallied on ?the back of Federal Reserve rate-hike expectations, has cooled following a softer-than-expected U.S. June jobs ?report. The rupee will likely look to RBI support to help stem depreciation pressures. The central ?bank has been selling dollars at various levels and ?may have ?intervened through state-run banks near the 95.50 level in Monday's session. The yen weakened anew on ?Tuesday as traders grew emboldened to push the currency lower with no sign yet ?of intervention by Japanese authorities, though the risk of a surprise yen-buying move by Tokyo kept losses in check. The yen struggled on the weaker side of 162 per dollar in early Asia trade and languished near its lowest level against ?the British pound since 2007 at 217.09 , having slid to a new low overnight. The euro ?last bought 185.47 yen , following a 0.5% rise in the previous session. The euro edged a touch higher to $1.1442, extending gains from overnight, while sterling rose to a more than two-week high of $1.34005. Against a basket of currencies, the dollar was last at 100.86. In other currencies, the Australian ?dollar steadied at $0.6955, while the New Zealand dollar rose 0.02% to $0.5702. Oil prices edged higher on Tuesday, but gains were limited as traders looked beyond easing geopolitical tensions in the Middle East and turned their attention to ?supply increases and demand prospects. Brent crude futures gained 28 cents, or 0.39%, ?to $72.29, and U.S. West Texas Intermediate crude rose to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-Iran war levels on Monday.......
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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