Forex Rates

INSTRUMENTLAST PRICE
USDINR71.07
EURINR78.6
EURUSD1.1058
GBPUSD1.2548
USDJPY107.8
DOW JONES27094
NIKKEI22044
BSE36171
NIFTY10716
GOLD1494
SILVER17.68
CRUDE63.61
US 10Y1.79%
INR 1M FWD26p(4.57%)
INR 3M FWD76p(4.25%)
INR 6M FWD157p(4.41%)
INR 12M FWD314p(4.40%)
$ LIBOR 1M2.05%
$ LIBOR 3M2.16%
$ LIBOR 6M2.08%
$ LIBOR 12M2.07%

GLOBAL MARKET

Wall Street ended mixed on Thursday, with a gain in Microsoft offsetting a dip in Apple, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing.Asian share prices inched higher as economic stimulus around the world eased fears over slowing growth, while crude oil prices climbed on concerns that last weekend's attacks on Saudi Arabia's oil facilities still pose supply risks. The dollar nursed losses against most major currencies, as central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, while risk appetite ebbed on caution about U.S-China trade talks. Oil prices were on track for a more-than-7% jump this week, their biggest in months, as early trading saw gains extended on fresh tensions in the Middle East after a key Saudi Arabian supply hub was knocked out in an attack last weekend.Gold prices inched higher on a softer dollar and caution about Sino-U.S. trade talks, while investors looked for clarity on the future path of U.S. interest rates.

INDIAN MARKET

USD/INR opens lower tracking dollar’s decline against most Asian currencies. Pair now at 71.07 against 71.32 previous close. Asian currencies advance after dollar index fell 0.3% yesterday despite better-than-expected U.S. existing home sales and jobless claims data. Onshore Chinese yuan rises 0.2% to 7.0860. China cut its new one-year benchmark rate to 4.20% from 4.25% a month ago. Asian equities mostly higher. Sensex advances 0.2% after closing at over six month lows. RBI chief Shaktikanta Das remarked yesterday there was room for more rate cuts amid slowing growth and muted inflation. The benchmark BSE Sensex and the broader NSE index were trading 0.18% and 0.03% higher, respectively, tracking mixed cues from Asian peers, while domestic investors await decisions from the crucial GST meeting today. HDFC Bank and Maruti led the gains. The benchmark 7.26% bond maturing in 2029 jumped to its highest in two weeks and was last at 104.71 rupees, yielding 6.57%, versus 104.24 rupees and a 6.64% yield at previous close, after RBI Governor and MPC head Shaktikanta Das yesterday hinted at more rate cuts.

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