Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 95.2200 95.2300
EUR 1.154 109.8839 1.15403 109.8983
GBP 1.34589 128.1556 1.34595 128.1748
JPY 157.874 60.3112 157.881 60.3203
CHF 0.80952 117.6194 0.80956 117.6376
SGD 1.28208 74.2659 1.28215 74.2777
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The Rupee opened stronger supported by the broad dollar weakness on diminishing odds of ?a Federal Reserve rate hike next month and Brent crude ?largely holding on to its recent decline. The currency on Wednesday climbed past the 95-per-dollar level for ?the first time in a month, before running into demand ?for dollars from companies and intraday speculative players. Volatility in oil prices ?added another layer of pressure on the rupee, which has now recovered ?about 1.7% from its recent lows. The rupee briefly weakened to nearly 95.25 during Wednesday's session before recovering. Wednesday was the kind of session that "was largely supportive of the rupee ?and kept the underlying bias positive," said a currency trader at ?a bank. Asian currencies inched higher against the dollar on Thursday, while the dollar index dipped to 99.64. Diminishing odds ?of a Fed ?rate hike next ?month, along with optimism surrounding a potential U.S.-Iran deal, weighed on the dollar. Oil prices fell on Thursday with ?investors assessing whether progress in Iran-Oman talks could ?pave the ?way for a U.S.-Iran peace agreement. urrency markets drifted on Thursday with the yen struggling to retain intervention gains and the dollar pinned near six-week lows, ?as concerns about a proposed U.S.-Iran deal and jitters about upcoming U.S. payroll data left traders cautious. The yen was little ?changed at 157.71 per dollar in early trade after weakening for two straight sessions. It has now given back some intervention gains after touching 155.20 per dollar on Monday, but remains well off last month's multi-decade low of about 164. The euro was little changed at $1.1557, and sterling traded flat at $1.3469. The New Zealand dollar and ?the Australian dollar were also flat, last trading at $0.5885 and $0.7056, respectively. The dollar index , which tracks the U.S. currency against six major ?peers, was little changed at 99.65, struggling to find direction while hovering near a six-week low. Brent crude futures fell 0.5% to $79.08 a barrel on Thursday, near the levels last seen when the U.S. and Iran signed an interim peace ?agreement in June.......
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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