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17-05-2024 - FRIDAY

The dollar headed for its largest weekly fall versus the euro in two-and-a-half months in Asian Market opening trades today as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The euro is up 0.9% on the dollar this week, has broken above resistance around $1.0855 and traded as high as $1.0895 in the wake of U.S. inflation posting a slowdown. It was last at $1.0861. April\'s annual U.S. inflation numbers met expectations but, since they were lower than the month before, they encouraged confidence that the Federal Reserve can cut interest rates in September and December - driving rallies in stocks and bonds and pressure on the dollar. In other major currencies today, Sterling is up 1.1% this week to $1.2655. The Japanese yen has been broadly steady at 155.87.  The Indian rupee opened marginally stronger at 83.49/50 against its previous session’s close of 83.50/51 and is expected to trade between 83.45 – 83.55 band today.
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INR Rates

Symbol   Bid  ASK
USD83.535 83.545
GBP103.98437 104.02614
EUR88.781 88.81441
JPY0.5404 0.5405
CHF91.47503 91.53517
AUD53.60441 53.63782
SGD61.21574 61.23818
CAD60.55894 60.57211
NZD49.1687 49.19376
*Closing Rates on : 2024-04-16

Stock Indices

IndexPointsChange
BSE Sensex73925.94262.22
S&P CNX Nifty22468.164.25
NASDAQ18557.964-38.687
HangSeng19553.61177.08
DJ IA31097.9756.84
DAX18678.91-59.9
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