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2022-05-23 MONDAY

The dollar began the week on the back foot, following its first weekly loss in nearly two months, as investors cut bets on further dollar gains from rising U.S. rates and turned hopeful that loosening lockdowns in China can help global growth. U.S stock market futures bounced sharply in Asian Market opening trades today and pulled the risk-sensitive Australian and New Zealand dollars along for the ride. The U.S. dollar index fell 0.1% to 102.67, about 2% beneath a two-decade high of 105.010 made earlier in May. In currencies today, the euro and yen rose, with the yen up 0.1% to 127.17 per dollar and the euro up 0.2% at $1.0586 following last week\'s 1.5% gain on the dollar. Sterling leapt nearly 2% last week on the back of stronger-than-expected retail data and markets\' broader re-think on whether global central banks are really lagging much behind the Federal Reserve. It was last up 0.3% at $1.2536. The yuan had its best week since late 2020 last week and firmed to 6.6861 per dollar in offshore trade early today. Geopolitics are in focus in Asia this week as U.S. President Joe Biden tours the region, promoting greater U.S. economic engagement and seeking to push back against China\'s influence.  The Indian rupee opened weaker with a huge gap of almost 15 paise at 77.70/71 against its previous session’s close of 77.55/56 and is expected to trade between 77.40 – 77.90 band today.
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INR Rates

Symbol   Bid  ASK
USD76.4825 76.4925
GBP98.39474 98.42533
EUR82.60875 82.62404
JPY0.59515 0.59538
CHF80.02773 80.06124
AUD55.81693 55.85517
SGD55.95325 55.97373
CAD60.30792 60.31267
NZD50.98323 51.01383
*Closing Rates on : 2022-04-22

Stock Indices

IndexPointsChange
BSE Sensex54304.43-21.96
S&P CNX Nifty16220.7-45.45
NASDAQ11835.619-40.007
HangSeng20470.06-247.18
DJ IA31097.9756.84
DAX14048.3666.45
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