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24-04-2024 - WEDNESDAY

The dollar nursed its wounds in Asian Market opening trades today following big tumbles against the euro and sterling, hurt by a combination of surprisingly robust European activity data and cooling U.S. business growth. However, the yen remained mired near a 34-year low versus the U.S. currency, even as Japanese officials stepped up intervention warnings. The dollar index - which measures the currency against six major peers including the euro, sterling, and yen - was flat at 105.64 in early trading after slumping 0.4% overnight and touching the lowest level since April 12 at 105.23. In major currencies today, the Yen was marginally down by 0.02% versus the USD at 154.78. The euro was little changed at $1.069975 following Tuesday\'s 0.45% rally, after data showed business activity in the euro zone expanded at its fastest pace in nearly a year, primarily due to a recovery in services. Sterling also benefited from overnight data showing British businesses recorded their fastest growth in activity in nearly a year, while Bank of England Chief Economist Huw Pill said interest rate cuts remained some way off. Sterling was last steady at $1.2460 having jumped 0.79% in the previous session The Indian rupee opened stronger with a gap of about 04 paise at 83.30/31, against its previous session’s close of 83.34/35 and is expected to trade between 83.25 – 83.40 band today.

INR Rates

	Symbol	Bid	ASK
	USD	83.425	83.435
	GBP	104.94031	104.96534
	EUR	90.24082	90.27419
	JPY	0.55026	0.55037
	CHF	92.66356	92.67385
	AUD	54.3347	54.37642
	SGD	61.85586	61.86045
	CAD	61.45488	61.47299
	NZD	50.08003	50.1134
*Closing Rates on : 2024-03-22

Stock Indices

Index

Points

Change

BSE Sensex	74044.64	306.19
S&P CNX Nifty	22456.35	88.35
NASDAQ	17471.471	260.585
HangSeng	17168.27	339.34
DJ IA	31097.97	56.84
DAX	18213.73	76.08