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World Time

Daily Report

2017-08-18 FRIDAY

The dollar edged lower versus the yen in opening trades today, hampered by renewed investor concerns over the Trump administration\'s ability to push forward its economic policy agenda. News of a deadly attack in Barcelona and speculation yesterday over the possible departure of White House Economic Adviser Gary Cohn rattled markets, sparking a selloff in U.S. equities and stirring demand for safe haven bonds. A White House official said that Cohn is remaining in his post. It\'s a pure risk-off trade. Asian markets are playing catch-up to the moves seen in U.S. markets that the risk-averse sentiment could prove short-lived, given the news that Cohn will stay in his post. The dollar fell 0.2 percent to 109.41 yen, adding to its 0.6 percent drop yesterday. The greenback has pulled away from a peak of 110.95 yen touched earlier in the week, its strongest level in more than a week. The euro held steady at $1.1724, but was down 0.8 percent for the week. The euro had tumbled to a three-week low of $1.1662, after the minutes of the European Central Bank\'s July 20 policy meeting showed policymakers were worried that the repricing of the currency could overshoot. Even with its losses this week, the euro is still up more than 11 percent so far this year. The sterling is at 1.2886.  The Indian Rupee opened marginally flat at 64.16/17 against its previous sessionís closing of 64.15/16 and is expected to trade in 63.90/64.30 ranges today.
Dollar Rupee

Midday Report

2017-08-18 - FRIDAY

The Indian rupee opened marginally flat at 64.16 against its previous sessionís close of 64.15 and was little changed against the dollar in early trade, as greenback sales by foreign banks offset adverse impact from concerns about U.S. President Donald Trump-led administration\'s ability to push forward reforms and a likely terrorist attack in Barcelona. Offers from foreign banks in initial trade helped the rupee. However, a global risk-off rally may spill over on domestic markets as well, keeping the local currency also under pressure. Oil and other importersí dollar demand will further weigh. Intraday, we expect the rupee to trade in the range of 64.00 - 64.30 today.

INR Rates

Symbol   Bid  ASK
USD64.2825 64.2925
GBP83.7601 83.78581
EUR74.09201 74.09844
JPY0.57364 0.5738
CHF67.36089 67.36795
AUD50.97602 50.98245
SGD46.98326 46.997
CAD50.90877 50.92893
NZD47.36977 47.40192
*Closing Rates on : 2017-07-19

Stock Indices

BSE Sensex31524.68-270.78
S&P CNX Nifty9837.4-66.75
DJ IA21674.51-76.22
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