Currency

Code USD(Bid) INR(Bid) USD(Ask) INR(Ask)
USD 66.6100 66.6200
EUR 1.12062 74.6445 1.12065 74.6577
GBP 1.29918 86.5384 1.29922 86.5540
JPY 101.192 65.8234 101.195 65.8352
CHF 0.97135 68.5584 0.97158 68.5850
SGD 1.36261 48.8798 1.36273 48.8915
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Rupee closed at 66.6100 against its opening of 66.8500. Dollar falls after one deal was done at Rs 66.85 on likely selling by foreign and public sector banks. "Foreign banks including Standard Chartered Bank and nationalised banks such as State Bank of India were selling heavily during opening trade. "Yesterday's news of India's surgical strikes by India on terror camps across LOC pushed rupee sharply lower. Need to closely monitor the developments on the border for further cues on currency and equity markets amid strong dollar on upbeat US economic data. The greenback rose against its major rivals post better than expected US economic data.The second-quarter GDP showed the US economy grew slightly faster than previously estimated. The Commerce Department said GDP rose at an annualized rate of 1.4% ......
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Asian stocks followed Wall Street lower in early trade, while oil prices held close to the highest level in almost a month on optimism over an OPEC plan to curb output.Bank of Japan policymakers engaged in heated debate on the feasibility of overhauling its massive stimulus programme with some board members doubting whether it would enhance flexibility of monetary policy, a summary of opinions at the central bank's September rate review.China's factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth.Gold prices rose a tad in Asia after a key manufacturing survey from China came in as expected and investors looked ahead to more remarks from Fed policymakers.......
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