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22-10-2024
TUESDAY The U.S. dollar clung to a two-and-half-month high in Asian Market opening trades today on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a close battle in the upcoming U.S. election kept investors on edge. The dollar\'s strength, boosted by rising Treasury yields, kept the pressure on the yen, euro and sterling - a theme that has been building over the past few weeks as data showed the U.S. economy remained in a good place, resulting in traders scaling back their bets of large and rapid rate cuts from the Fed. Four Federal Reserve policymakers expressed support yesterday for further rate cuts but appeared to differ on how fast or far they believe any cuts should go. The diverging views provided a taste of what might be expected at the Fed\'s upcoming policy meeting on Nov. 6-7. The dollar index was last at 103.96, having touched its highest level of 104.02 since Aug. 1. The index is on course for an over 3% gain in the month. In major currencies today, the USD was trading at $150.81 against the Yen. The euro last bought $1.0817, wallowing near its lowest level since Aug. 2, while sterling was at $1.2982, hovering around its lowest level since Aug. 20 The Indian rupee opened unchanged at 84.07/08 against its previous session’s close also of 84.07/08 and is expected to trade between 84.05 – 84.08 band today. |
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INR Rates
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Symbol |
Bid |
ASK |
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USD | 83.5625 |
83.5725 | | |
GBP | 111.07963 |
111.08799 | | |
EUR | 93.25575 |
93.27246 | | |
JPY | 0.5809 |
0.58094 | | |
CHF | 98.49422 |
98.50584 | | |
AUD | 56.88935 |
56.89771 | | |
SGD | 64.67185 |
64.67686 | | |
CAD | 61.56524 |
61.56978 | | |
NZD | 52.09286 |
52.10122 | | | *Closing Rates on : 2024-09-20 |
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Stock Indices
| BSE Sensex | 80205.09 | -946.18 |  | | | S&P CNX Nifty | 24464.05 | -317.05 | | | | NASDAQ | 20361.466 | 37.424 |  | | | HangSeng | 20498.95 | 20.49 | | | | DJ IA | 31097.97 | 56.84 | | | | DAX | 19401.68 | -59.51 | | |
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