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07-06-2023 - WEDNESDAY

Data out last week showed that the U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, a welcome sign for the Fed in its fight against inflation. The dollar edged lower in Asian Market opening trades today, as traders assessed the odds of a rate hike by the Federal Reserve next week, while the Aussie scaled a fresh three-week high in the wake of a rate increase and a decidedly hawkish stance by its central bank. In the broader currency market, the U.S. dollar dipped in early trade, as traders pared back their expectations of a rate hike at next week\'s FOMC meeting. The U.S. dollar index slipped 0.03% to 104.05. Against the Japanese yen, the greenback slipped 0.27% to 139.26, while the euro rose 0.07% to $1.0698. Against the greenback, sterling rose 0.07% to $1.2423.  The Indian rupee opened stronger with a gap of 05 paise at 82.56/57 against its previous session’s close of 82.61/62 and is expected to trade between 82.40 – 82.70 band today.
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INR Rates

Symbol   Bid  ASK
USD81.795 81.805
GBP102.80814 102.81631
EUR90.39165 90.42437
JPY0.60755 0.60769
CHF92.153 92.16338
AUD54.5818 54.58998
SGD61.56017 61.58335
CAD60.09919 60.11686
NZD51.08098 51.08916
*Closing Rates on : 2023-05-04

Stock Indices

IndexPointsChange
BSE Sensex63169.17376.29
S&P CNX Nifty18732.85133.85
NASDAQ14558.0941.597
HangSeng19252152.72
DJ IA31097.9756.84
DAX15935.66-56.78
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