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World Time

Daily Report

06-02-2023 - MONDAY

The U.S dollar extended its rally today after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer, while the yen was hit by news the Bank of Japan\'s Deputy Governor Masayoshi Amamiya was being sounded out to be the next governor. Amamiya has helped Kuroda since 2013 on monetary policies, and is considered the most dovish among the contenders, which is thrashing hopes that BOJ policy normalization could progress under the new chief. The worry of course is that the much better than expected data is bad news if the Fed sees this as bolstering its case of two more hikes and keeping rates elevated for longer. In currencies today, the yen weakened to a three-week low of 132.25 per dollar down 0.88%, after the report of the next BOJ Governor. Elsewhere, the euro was down 0.09% to $1.0783, while sterling was last trading at $1.2050 off 0.16% on the day, its lowest level since Jan. 6. The dollar index skipped higher and extended its rally against a basket of currencies, to a 4-week high of 103.22 and was last at 103.13. Meanwhile, Gold prices hit a more than four-week low of $1874.19 in Asia today while the oil was subdued at $73.42.  The Indian rupee opened weaker with a huge gap of 58 paise at 82.41/42 against its previous session’s close of 81.83/84 and is expected to trade between 82.20 – 82.70 band today tracking a strong USD overseas after Friday’s Monster US job data.
Dollar Rupee



INR Rates

Symbol   Bid  ASK
USD82.72 82.73
GBP98.13901 98.16382
EUR86.95526 86.98835
JPY0.61603 0.61626
CHF88.01873 88.05621
AUD55.76982 55.81118
SGD61.40143 61.42422
CAD60.73867 60.75652
NZD51.41048 51.44357
*Closing Rates on : 2023-01-06

Stock Indices

BSE Sensex60516.89-324.99
S&P CNX Nifty17764.45-89.6
DJ IA31097.9756.84
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