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2020-05-22 /FRIDAY

The dollar held gains against major peers in Asian Market opening trades today, as worries about renewed diplomatic tensions between the United States and China supported safe-haven demand for the greenback. Sino-U.S. relations have soured yet again over a broad range of issues, including China’s treatment of the former British colony of Hong Kong and its response to the coronavirus pandemic, which is causing risk aversion to spread. While the new frictions added some pressures to the yuan, the Chinese currency also found some support after policymakers in Beijing unveiled new stimulus measures. China is set to impose new national security legislation on Hong Kong after last year’s pro-democracy unrest. U.S. President Donald Trump has warned that Washington would react “very strongly” to the legislation. There is a risk that Hong Kong could lose some of its favorable U.S. trading terms that have helped it maintain its position as a global financial center. In currency trading today, the yen was little changed at 107.57 per dollar after the Bank of Japan decided the details of a lending scheme for small companies hurt by the pandemic at an emergency meeting today. The dollar traded at $1.0926 euro, following a 0.4% increase in the previous session while the Sterling held steady at $1.2228.  The Indian Rupee opened weaker with a gap of 09 paise at 75.72/73 against its previous session’s close of 75.63/64 and is expected to trade in a familiar range between 75.50 – 76.00 today.
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INR Rates

Symbol   Bid  ASK
USD76.67 76.68
GBP94.48044 94.51878
EUR83.21762 83.24062
JPY0.71222 0.71235
CHF79.04939 79.082
AUD48.57045 48.58578
SGD53.73563 53.75447
CAD54.15695 54.17226
NZD45.89466 45.92533
*Closing Rates on : 2020-04-22

Stock Indices

IndexPointsChange
BSE Sensex30672.59-260.31
S&P CNX Nifty9039.25-67
NASDAQ9413.98835.996
HangSeng22930.14-1349.89
DJ IA24465.16-8.96
DAX11073.877.94
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