Subscribers will see currency tickers here
News Update Available to subscribers only!

World Time

Daily Report

2018-05-22 TUESDAY

Asian stocks were mixed today, failing to follow their U.S. counterparts higher, as traders sought fresh leads amid an apparent easing in trade tensions. The dollar added to a decline while Treasuries edged higher. While the easing protectionist tensions offered some respite to traders as they grapple with the impact of rising U.S. interest rates and a stronger dollar, this week is loaded with risk events. The Federal Reserve and European Central Bank are releasing their latest meeting minutes, and there is a slew of debt sales from the U.S. On the geopolitical front, U.S. President Donald Trump meets South Korea President Moon Jae-in in Washington to coordinate their approach to North Korea, while Brexit negotiations are ongoing. In currencies, the Japanese yen rose 0.1 percent to 110.96 per dollar, around its weakest since January. The euro fell less than 0.05 percent to $1.1787, while the British pound was at $1.3424, near the low for the year reached yesterday.  The Indian Rupee opened stronger and with a gap of 10 paisa at 68.02/03 against its previous session’s closing of 68.12/13 and is expected to trade between 67-80 - 68.10 ranges today
Dollar Rupee

Midday Report

2018-05-22 TUESDAY

The Indian rupee opened stronger and with a huge gap of 10 paisa at 68.02 against its previous session’s close of 68.12 and traded still higher (67.93) against the dollar in opening trade, tracking greenback weakness in Asian trade ahead of the release of the Federal Reserve’s latest policy meeting minutes tomorrow. However, the rupee could not sustain its gains and gave back all its intraday gains to trade at its opening levels on dollar demand from oil companies. Other than weak dollar index, exporters’ greenback sales have also supported the rupee at the opening trades. Aggressive intervention by the central bank in recent sessions show the authority is not comfortable with rupee below 68 levels. However, persistent foreign outflows have dampened appetite for the local unit. Oil and other importers demand for the dollar will be watched for further cues. Investors await the minutes of the U.S. central bank\'s April monetary policy meeting, due to be released tomorrow, to gauge its stance on inflation in the world’s largest economy. Markets will also watch for comments from several Federal Reserve officials due to speak this week, including Federal Reserve Chairman Jerome Powell. Market looks to reengage in dollar long positions on dips to 67.60 levels. The 68.15 levels now marks the immediate resistance. Intraday, today we expect the rupee to trade in the range of 67.80 – 68.10.

INR Rates

Symbol   Bid  ASK
USD66.12 66.13
GBP92.60106 92.63412
EUR81.23503 81.26148
JPY0.61404 0.61421
CHF67.8293 67.85714
AUD50.71404 50.7471
SGD50.22026 50.23934
CAD51.79383 51.81006
NZD47.65268 47.67913
*Closing Rates on : 2018-04-21

Stock Indices

BSE Sensex34651.2435.11
S&P CNX Nifty10536.720
DJ IA25013.29298.2
Website Design, Development & Maintenance by Obound