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

World Time

Daily Report

2019-01-24 THURSDAY

The dollar eased against its peers in Asian Market Opening Trades today, as concerns over global growth, a U.S. government shutdown and U.S.-Sino trade talks kept a tight lid on the greenback. Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows. The U.S. shutdown has lasted for too long now and markets will like to see an end of it. Global growth concerns have also rattled investor appetite for risk. On Monday, the International Monetary Fund (IMF) cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the euro zone, and said failure to resolve trade tensions could further destabilize a slowing global economy. Markets are bearish on the outlook for the dollar this year. Traders in interest rate futures are wagering that the Federal Reserve will stand pat on rates in 2019 in the face of growth risks both at home and globally. In currency trading today, the yen was marginally higher at 109.54, after weakening 0.2 percent versus the greenback in the previous session. The single currency was marginally higher at $1.1383 while the sterling traded marginally higher at $1.3075, hovering near highs last seen in mid-November in a sign traders expect Britain to avoid a chaotic exit from the European Union.  The Indian Rupee opened stronger with a margin of 07 paisa at 71.27/28 against its previous session’s close of 71.34/35 and is expected to trade between 71.00 – 71.50 ranges today.
Dollar Rupee

Midday Report

2019-01-23 - WEDNESDAY

The Indian currency opened stronger with a huge gap of 27 paisa at 71.17 against its previous session’s close of 71.44, rising against the dollar in early trade, in line with most Asian currencies amid an overnight drop in crude oil prices. Decline in crude prices has supported the rupee, still the upside is capped by weak risk sentiment and persistent dollar demand from importers for month-end payments. Rupee is expected to consolidate at current levels as focus shifts to next week’s Federal Reserve policy and India’s interim budget. The outcome of the Federal Open Market Committee meeting is due on Jan. 30. India’s interim budget will be announced on Feb. 1, followed by the monetary policy decision on Feb. 7. The benchmark Brent crude slipped nearly 2% and briefly fell below $61 per barrel mark in an overnight trade, on escalating geopolitical risks from trade tensions between U.S. and China and concerns surrounding slowdown in global economic growth. It was last trading little changed at $61.53 per barrel. There is a bit of NDF dollar selling interest versus emerging market currencies, which is helping the rupee in addition to oil. Markets are likely to trade the 71.00 to 71.50 range before next week’s interim budget. Intraday, the rupee is expected to trade between 71.10 -71.50 ranges.

INR Rates

Symbol   Bid  ASK
USD70.135 70.145
GBP88.68571 88.70675
EUR79.92585 79.93286
JPY0.63122 0.63133
CHF70.65075 70.65787
AUD49.50128 49.52232
SGD51.09646 51.10018
CAD51.6991 51.70291
NZD47.20086 47.20787
*Closing Rates on : 2018-12-24

Stock Indices

BSE Sensex36181.7973.32
S&P CNX Nifty10848.7517.25
DJ IA24575.62171.14
Website Design, Development & Maintenance by Obound