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2021-11-29 MONDAY

Currency markets calmed in Asian Market opening today after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain. The safe-haven yen, which had been the biggest beneficiary of the flight to quality, slipped 0.25% to 113.47 per dollar. The Japanese currency surged as much as 2% at one point on Friday to 113.05. The euro, which jumped 0.98% on Friday as traders closed out short positions, slipped 0.23% to $1.1281. Sterling was about flat at $1.3335, off Friday\'s 11-month low at $1.3278. The risk-sensitive Australian dollar rose 0.37% to $0.7139, recovering after a 1% tumble on Friday that saw it dip to $0.71125 for the first time since Aug. 20. The Canadian dollar also rebounded, with the greenback sliding 0.57% to C$1.2726, off the previous session\'s two-month high at C$1.2800. The South African rand recovered from Friday\'s one-year low at 16.3675 per dollar, jumping 0.93% to 16.1400. South Africa discovered the Omicron variant last week, and countries globally have been quick to tighten border controls with mutations in the spike protein suggesting it could be resistant to current vaccines. Despite the speed of the response, Omicron has since been detected in places including Australia, Britain, Canada, Germany, and Hong Kong. BioNTech said Friday it may know within two weeks if the vaccine it developed with Pfizer needs to be reworked. Until then, market volatility is likely to remain elevated The Indian rupee opened stronger with a gap of 03 paise at 74.84/85against its previous session’s close of 74.87/88 and is expected to trade in a range between 74.70 – 75.10 band today.
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INR Rates

Symbol   Bid  ASK
USD74.875 74.885
GBP102.429 102.46644
EUR86.56299 86.59294
JPY0.65663 0.6568
CHF81.74127 81.77698
AUD56.31349 56.32846
SGD55.49174 55.51231
CAD60.40255 60.42205
NZD53.64045 53.6704
*Closing Rates on : 2021-10-30

Stock Indices

IndexPointsChange
BSE Sensex56900.5-360.08
S&P CNX Nifty16944.5-109.45
NASDAQ16399.24373.657
HangSeng23475.26-376.98
DJ IA31097.9756.84
DAX15053.34-227.52
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