Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 91.6650 91.6750
EUR 1.1608 106.4047 1.16084 106.4200
GBP 1.33581 122.4470 1.33596 122.4741
JPY 157.813 58.0802 157.825 58.0909
CHF 0.78098 117.3703 0.78099 117.3846
SGD 1.27859 71.6822 1.27877 71.7001
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The Rupee opened weaker as the U.S. dollar held broadly steady in early Asian trade on Friday and was poised for its steepest weekly gain ?in more than a year as the escalating conflict in the Middle East drove demand for safe-haven assets. The euro and yen remained on the ?back foot as the crisis drove oil prices ever higher, spurring inflation risks in economies dependent on energy imports and upending expectations for policy by the Federal Reserve and other central banks. The dollar index , which measures the greenback against ?a basket of currencies, was trading a touch lower by 0.06% at 99.00, still on course for a 1.4% gain this week that would be the most since ?November 2024. The euro was little changed at $1.1612, while the yen tacked on 0.06% to 157.5 per dollar. Sterling was almost steady, up just 0.04% at $1.3361. The war escalated on Thursday, with U.S. and Israeli jets hitting areas across Iran and Gulf cities coming under renewed bombardment. In a phone interview with Reuters, Trump said Mojtaba Khamenei, a son of the late supreme leader who ?has been considered a favorite to succeed his father, was an unlikely choice. The greenback was one of a handful of winners in a volatile few sessions that ?have dragged stocks, bonds and, at times, even safe-haven precious metals lower. The market is now focused ?on Friday's employment report. ?Nonfarm payrolls likely increased by 59,000 jobs last month after accelerating by 130,000 in January, a Reuters survey of economists predicted. The unemployment rate is expected to have held steady at 4.3%.The Canadian dollar weakened against its ?U.S. counterpart on Thursday as fading optimism the Middle East conflict would soon end revitalized demand for safe haven currencies, such as the greenback. The loonie was trading 0.4% lower at 1.3690 per ?U.S. dollar, or 73.05 U.S. cents, after moving in a range of ?1.3616 to 1.3716. Higher oil prices have ?raised ?concerns of fresh inflation pressures that could reduce prospects of Federal Reserve interest rate cuts. The price of oil climbed 8.2% to $80.80 a barrel as the war disrupted supplies and shipping, driving some major producers in the Middle East to reduce output.......
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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