Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 95.9125 95.9225
EUR 1.15382 110.6658 1.15387 110.6821
GBP 1.34723 129.2162 1.34724 129.2306
JPY 154.871 61.9254 154.884 61.9370
CHF 0.81756 117.2926 0.81772 117.3278
SGD 1.2719 75.3911 1.2722 75.4167
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The Indian rupee weakened at Tuesday's open, weighed down by the same sticking points seen in recent sessions, a persistent oil rally fuelling inflation worries and lifting U.S. yields. Pressure on the rupee is likely to persist this week as oil prices stay above $100 a barrel and expectations of a U.S. Federal Reserve rate hike grow, also weighing on government bonds.The rupee fell more than 1% last week to close at 95.55 per dollar on Friday. Indian financial markets were shut on Monday for a local holiday.The 95.80-per-dollar level is seen a key near-term support for the rupee, with the Reserve Bank of India repeatedly stepping in to defend the currency around that level. The ?central bank was seen selling dollars near 95.80 on Friday, while similar intervention was reported in mid-August when the RBI repeatedly kept the currency from weakening beyond the 95.80 mark. Japan's government is set to ?finalise on Tuesday an outline for a consumption tax cut and payouts to households with no mention of how to fund the measures, a move that may keep alive market concern over the nation's already strained finances. The cabinet approval of the tax cut outline, expected later on Tuesday, would come as global fiscal and inflation concerns lifted the benchmark 10-year Japanese government ?bond (JGB) yield above the key 3% mark on Tuesday.Asian shares struggled on Tuesday as investors weighed Middle East tensions and calls by industry figures for a slowdown in AI development, while elevated oil prices and higher bond yields ?added to caution before key central bank meetings in the U.S. and Japan. Renewed supply concerns kept markets on edge, with U.S. crude rising 1.27% to $102.68 a barrel while Brent was up 1.21% to $106.96 per barrel after fresh strikes on Saudi energy infrastructure and attacks on ships in the Middle East raised concerns over supply disruptions.......
The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......

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