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2022-06-29 WEDNESDAY

Stocks dropped in Asian opening trades today on renewed worries about a gloomy economic outlook as monetary policy tightens in much of the world to fight high inflation. An Asian equity index snapped a four-day climb amid drops in Japan and Hong Kong. US futures steadied after a tech-led tumble in the S&P 500 yesterday. Institutional portfolio rebalancing may be impacting trading. China’s bourses flirted with gains, bucking the prevailing trend. In a surprise move, the nation reduced quarantine times for inbound travelers. That hinted at an eventual shift away from a strategy of stamping out Covid that involves great economic cost via lockdowns and travel curbs. The dollar held gains after rising the most in over a week in the Wall Street session. Treasuries inched up, leaving the 10-year yield at 3.16%. Oil oscillated near $111 a barrel on supply risks. In currencies today, the Japanese yen rose 0.1% to 136.03 per dollar. The euro was at $1.0527, up 0.1% while the pound too was 0.21% higher at $1.2206. The offshore yuan was at 6.7030 per dollar.  
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INR Rates

Symbol   Bid  ASK
USD77.565 77.575
GBP97.856 97.88703
EUR83.20398 83.235
JPY0.61003 0.61022
CHF81.02476 81.05016
AUD55.53654 55.55205
SGD56.64987 56.67056
CAD60.94523 60.9644
NZD50.68097 50.712
*Closing Rates on : 2022-05-28

Stock Indices

IndexPointsChange
BSE Sensex53009.39-168.06
S&P CNX Nifty15793.25-56.95
NASDAQ11637.769-370.474
HangSeng21996.89-422.08
DJ IA31097.9756.84
DAX13032.56-199.26
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