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Daily Report

2021-09-24 FRIDAY

The dollar wallowed near its lowest level in a week versus major peers in Asian Market opening trades today, as improved risk sentiment wiped out recent gains amid easing concerns about contagion from a potential China Evergrande Group default. Risk appetite returned, lifting oil and global equities, even as hawkish comments from the Bank of England pushed up yields globally, with those on 10-year U.S. Treasury notes hitting the highest since July overnight at 1.437%. That failed to help the greenback though, with the U.S. Dollar Index, which measures the currency against a basket of six rivals, easing slightly to 93.10 from yesterday, when it slid 0.36% and touched the lowest since Sept. 17 at 92.977. That erased gains for the week and set the index up for a 0.16% decline. Risk sentiment was unperturbed by the move in yields, instead taking its lead from news around Evergrande. Chinese authorities are readying restructuring teams, alleviating fears of a Lehman\'s-type moment. Beijing injected fresh cash into its financial system, as embattled property giant Evergrande announced it would make interest payments on an onshore bond. There has been no word yet, however, on whether it also made coupon payments on dollar bonds due that day, with more due next week. Even so, the mood improved, weighing on other safe havens like the yen and lifting commodity-linked currencies like the Australian dollar. The yen eased 0.05% to 110.40 per dollar after earlier hitting 110.435, its weakest level since Sept. 8. The euro added 0.05% to $1.1743, continuing to rebound from a more than one-month low of $1.16835 also reached yesterday. Meanwhile, sterling was 0.07% higher at $1.3734, approaching the previous session\'s high of $1.3750, a first since Sept. 20.  . The Indian rupee opened weaker with a gap of 13 paise at 73.77/78 against its previous session’s close of 73.64/65 and is expected to trade in a range between 73.50 – 74.00 band today.
Dollar Rupee



INR Rates

Symbol   Bid  ASK
USD74.245 74.255
GBP101.93839 101.96808
EUR87.22303 87.25272
JPY0.67625 0.67637
CHF81.29311 81.33764
AUD53.93157 53.93899
SGD54.87435 54.89464
CAD58.9059 58.9246
NZD51.71164 51.74134
*Closing Rates on : 2021-08-25

Stock Indices

BSE Sensex60048.47163.11
S&P CNX Nifty17853.230.25
DJ IA31097.9756.84
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