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2019-07-16 TUESDAY

The dollar fought for traction against the yen as the prospect of a Federal Reserve interest rate cut later in the month continued to keep the greenback on the defensive. The U.S. currency rose to a six-week high of 108.990 yen last week but slid after Federal Reserve Chairman Jerome Powell set the stage for a rate cut later this month by giving a sombre outlook on the world\'s largest economy. The pound struggled near a six-month low against the dollar in early trading today, hampered by persistent worries over Brexit that, in turn, weighed on the euro. The Euro was little changed at $1.1251 after shedding 0.1% the previous day, constrained by expectations for a dovish European Central Bank meeting next week. Oil prices rallied more than 19% off the June lows before failing at a key resistance last week and leaves the recent advance in a precarious position heading into the start of the week. Also, Citigroup earnings foreshadow disappointing season for banks.  The Indian Rupee opened marginally weaker at 69.56/57 against its previous sessionís close of 68.5350/5450 and is expected to trade between 68.40 - 68.70 ranges today.
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INR Rates

Symbol   Bid  ASK
USD69.8 69.81
GBP87.8782 87.9131
EUR78.22486 78.25278
JPY0.64284 0.64302
CHF69.85588 69.87686
AUD47.96656 47.98052
SGD50.88576 50.90432
CAD52.03131 52.04683
NZD45.3002 45.32812
*Closing Rates on : 2019-06-15

Stock Indices

IndexPointsChange
BSE Sensex39131.04234.33
S&P CNX Nifty11662.674.25
NASDAQ7966.92623.685
HangSeng28619.6264.74
DJ IA27359.1627.13
DAX12381.57-5.77
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