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04-11-2024 MONDAY

The dollar slipped in Asia market opening trades today as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. Democratic candidate Kamala Harris and Republican Donald Trump remain virtually tied in opinion polls and the winner might not be known for days after voting ends. Analysts believe Trump\'s policies on immigration, tax cuts and tariffs would put upward pressure on inflation, bond yields and the dollar, while Harris was seen as the continuity candidate. It is widely considered that a Trump win will be positive for the USD, though many feel this outcome has been discounted. A Harris win and a split Congress would likely result in \'Trump trades\' quickly reversed and priced out. The USD, gold, bitcoin and U.S. equity would likely head lower. In major currencies today, the euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen while the pound sterling was 0.39% higher versus the USD at $1.2980. The dollar index eased 0.1% to 103.79. 
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INR Rates

Symbol   Bid  ASK
USD83.9725 83.9825
GBP110.59178 110.60018
EUR92.60487 92.61327
JPY0.57347 0.5735
CHF98.50147 98.51302
AUD57.43719 57.47918
SGD64.71869 64.72368
CAD61.93119 61.93576
NZD52.07135 52.10494
*Closing Rates on : 2024-10-04

Stock Indices

IndexPointsChange
BSE Sensex78793.64-930.48
S&P CNX Nifty23998.95-305.4
NASDAQ20033.142142.727
HangSeng20567.5261.09
DJ IA31097.9756.84
DAX19268.9814.01
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