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27-03-2023 - MONDAY The dollar was firm in Asian Market opening trades today, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system. The dollar index, which measures the currency against six rivals, was up 0.078% at 103.05, having gained 0.5% on Friday amid banking jitters, with shares of Deutsche Bank sliding nearly 9%. Global banking stocks have been battered through the month in the wake of the collapse of two U.S. lenders and the rescue of embattled Swiss bank Credit Suisse last week, with authorities stepping in to ease investors nerves. The U.S. Financial Stability Oversight Council said the U.S. banking system was \"sound and resilient\" despite stress on some institutions. Investors, though, remain wary. Pragmatic action by central banks, governments, and the private sector has thus far been insufficient to allow investors to be confident that the problem is ring-fenced. Markets are pricing in an 87% chance of the Fed\'s standing pat on interest rates in its next meeting in May and anticipate a rate cut as early as July. In currencies today, risk-wary investors sent the yen to a seven-week high of 129.65 per dollar on Friday, but currently trading lower at 130.70. the euro was up 0.03% to $1.0762, after falling 0.6% on Friday. Sterling was at $1.2241, up 0.06% on the day, having slid 0.5% on Friday. |
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INR Rates
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Symbol |
Bid |
ASK |
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USD | 82.75 |
82.76 | | |
GBP | 99.47377 |
99.50688 | | |
EUR | 87.5826 |
87.60743 | | |
JPY | 0.61237 |
0.61242 | | |
CHF | 88.48375 |
88.53108 | | |
AUD | 56.14588 |
56.15415 | | |
SGD | 61.53789 |
61.5562 | | |
CAD | 60.98909 |
60.99808 | | |
NZD | 51.42085 |
51.45395 | | | *Closing Rates on : 2023-02-24 |
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Stock Indices
| BSE Sensex | 57579.14 | 52.04 |  | | | S&P CNX Nifty | 16956.35 | 11.3 | | | | NASDAQ | 12767.048 | 37.815 | | | | HangSeng | 19567.69 | -347.99 |  | | | DJ IA | 31097.97 | 56.84 | | | | DAX | 15128.76 | 171.53 | | |
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