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18-02-2025 TUESDAY

The dollar wobbled near two-month lows in Asian Market opening trades today as traders weighed tariff worries and the path to U.S. rate cuts. Investor focus this week will be on Tomorrows’ release of minutes of the Federal Reserve\'s meeting in January to gauge how policymakers have sought to weigh the risk of a broader tariff war in the wake of President Donald Trump\'s trade policies. Trade policy uncertainty is at a record high ...and given that the labour market is solid, there is no compelling case to cut rates imminently. An extended pause during the first half of this year looks justified and will give the Fed time to assess the impact of trade measures on inflation. The dollar index was 0.1% higher at 106.83 but still near the two-month low of 106.56 it touched on Friday. In some of the major currencies today, the yen was steady at 151.61 per dollar. The euro too was steady on the day at $1.0473, while sterling last bought $1.2608 as traders braced for talks in Saudi Arabia later today aimed at ending the Ukraine war. The Indian rupee opened marginally weaker at 86.90/91 against its previous session’s close of 86.88/89 and is expected to trade between 86.80 – 87.00 band today.
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INR Rates

Symbol   Bid  ASK
USD86.61 86.62
GBP105.68152 105.71617
EUR89.19964 89.2083
JPY0.5563 0.55633
CHF95.04005 95.08179
AUD53.71552 53.74151
SGD63.35772 63.39482
CAD60.10409 60.11661
NZD48.48428 48.51026
*Closing Rates on : 2025-01-17

Stock Indices

IndexPointsChange
BSE Sensex75995.9-0.96
S&P CNX Nifty22945.85-13.65
NASDAQ22114.68983.975
HangSeng22976.81360.58
DJ IA31097.9756.84
DAX22768.54-29.55
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