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2021-08-04/WEDNESDAY

The dollar was pinned near recent lows against other currencies in Asian Market opening trades today, as traders awaited U.S. jobs data for a guide to the rates outlook, while labour market strength lifted the kiwi in anticipation of a New Zealand rate hike within weeks. Elsewhere currencies were broadly steady as markets looked ahead to partial U.S. labour data due later today and non-farm payroll figures due on Friday. The Japanese yen has gained about 2.5% against the dollar in a month and is currently trading at 109.04, after touching its highest since late May overnight at 108.875. The dollar was a touch lower at $1.1870 per euro and 0.12% against the pound at $1.3930. The dollar index, which measures the greenback against six major rivals, was also trading lower at 91.97. The big dollar picture is that there is a pullback in Fed hike expectations, and we\'ve seen the U.S. dollar head south. We\'ve all seen progress in the labour market, but the question is how much is good enough. Safe haven currencies, meanwhile, have benefited from the dollar\'s softness, particularly as nerves about the spread of the Delta coronavirus variant keep a degree of caution in currency markets.  The Indian Rupee opened stronger with a big gap of 12 paise at 74.16/17 against its previous session’s close of 74.28/29 and is expected to trade in a range between 74.00 – 74.40 band tracking a weak dollar and on expected IPO inflows.
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INR Rates

Symbol   Bid  ASK
USD74.74 74.75
GBP103.29815 103.32058
EUR88.67154 88.68648
JPY0.67291 0.67309
CHF81.15092 81.18618
AUD56.24185 56.2568
SGD55.46979 55.49039
CAD60.64097 60.66066
NZD52.51232 52.54969
*Closing Rates on : 2021-07-03

Stock Indices

IndexPointsChange
BSE Sensex54349.04525.68
S&P CNX Nifty16251.9121.15
NASDAQ15061.42297.798
HangSeng26426.55231.73
DJ IA31097.9756.84
DAX15694.24139.16
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