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2021-12-03 FRIDAY

The dollar ticked higher in Asian Market opening trades today amid a broadly calmer tone in markets as fears over Omicron\'s impact eased, but currency moves were muted ahead of a key U.S. payrolls report that could clear the path to earlier Federal Reserve interest rate hikes. Scientists in South Africa, where the Omicron variant was first discovered last month, said existing vaccines should still protect against severe disease and death. The three Omicron cases identified in the U.S. also all displayed mild symptoms. Elsewhere, Fed officials speaking yesterday joined Chair Jerome Powell in striking hawkish stances, with San Francisco Fed President Mary Daly saying it may be time to \"start crafting a plan\" to raise rates to combat inflation, and Richmond Fed President Thomas Barkin throwing his support for \"normalizing policy.\" Fed talk overnight was undeniably hawkish. Omicron headlines were \"net positive\" overnight, helping risk sentiment to recover, but with the first assessments of the efficacy of current vaccines probably still a week or so away, \"expect ongoing volatility. The dollar index, edged higher for a third day, rising 0.03% to 96.12. In currencies today, the dollar slipped 0.09% to 113.08, but that came after a 0.4% gain overnight. The euro was little changed at $1.1300, consolidating after its drop to an almost 17-month low at $1.1186 last week. The pound was trading 0.14% lower at #1.3287. Today, the U.S. labour market takes centre stage,\" and should keep currency markets quiet The Indian rupee opened marginally stronger by 02 paise at 74.98/99 against its previous session’s close of 75.00/01 and is expected to trade between 74.90 – 75.20 band today.
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INR Rates

Symbol   Bid  ASK
USD74.6775 74.6875
GBP101.83024 101.84517
EUR86.56616 86.58856
JPY0.65766 0.65772
CHF81.84733 81.88322
AUD55.73929 55.74675
SGD55.39874 55.41107
CAD60.17526 60.19466
NZD53.35707 53.36454
*Closing Rates on : 2021-11-02

Stock Indices

IndexPointsChange
BSE Sensex57713.91-747.38
S&P CNX Nifty17201.2-200.45
NASDAQ15990.762113.045
HangSeng23766.69-22.24
DJ IA31097.9756.84
DAX15290.126.99
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