Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 95.7050 95.7150
EUR 1.16769 111.7538 1.16771 111.7674
GBP 1.36293 130.4392 1.36299 130.4586
JPY 159.114 60.1472 159.118 60.1550
CHF 0.80056 119.5401 0.80061 119.5601
SGD 1.27225 75.2209 1.27232 75.2329
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The Rupee opened stronger on Thursday, after the dollar slid to a three-month low following the U.S. ?Treasury's move to boost buybacks of longer-dated bonds to alleviate pressure on ?the bond market. The dollar index fell 0.88% ?on Wednesday, posting its biggest daily decline since mid-March, after the U.S. ?Treasury unveiled plans to double the size of its liquidity-support operations for longer-dated ?bonds. This comes after a selloff in long-dated U.S. Treasuries prompted the 30-year yield to rise to the highest since 2007 on concerns over inflation and investors demanding a higher term ?premium. Relief for the rupee from the dollar's slump is likely to be limited, with oil ?prices remaining high and Brent crude hovering near $92 a ?barrel. Oil markets ?continue to assess the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz. The U.S. dollar nursed steep losses on Thursday, hovering near three-month lows as investors digested measures announced by ?the U.S. Treasury Department to help calm the bond market that had ?seen long-end yields hit their highest since 2007. The dollar index , which measures the U.S. currency against six other units, was at 98.938, around its lowest level since mid-May. The euro was at $1.1676, perched at the ?highest level since late May. The U.S. Treasury unveiled plans to double liquidity support ?buyback operations for longer-dated bonds after a steep bond selloff pushed the ?30-year Treasury yield to a 19-year high of 5.337%. The yield was last at ?5.184% after dropping 9 basis points following the announcement on Wednesday. The Japanese yen last fetched 158.32 per dollar, pulling away ?from the ?closely watched 160 level after giving back much ?of its joint intervention gains from the end of July. Sterling was at $1.3603, while Swiss franc last bought 0.7981 per ?U.S. dollar, near a two-month high. Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security ?of shipping through the Strait of Hormuz. Brent crude futures for ?October delivery rose 25 cents, or 0.3%, to $91.87 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude futures for September slipped 2 cents to $85.81 a barrel. The ?more active October WTI contract gained 14 cents, or 0.2%, to $84.53.......
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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