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09-12-2024 MONDAY

The Canadian dollar and Australian dollar were in focus today ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar\'s prospects. With a quarter point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election. The dollar rally, lost momentum last week. The main events investors are watching this week are the European Central Bank (ECB) policy meeting on Thursday and China\'s closed-door Central Economic Work Conference. On the former, a quarter point cut by the ECB is baked in. On China, analysts suspect there won\'t be any big stimulus proposals or targets until there\'s more clarity on what Donald Trump plans to do around trade tariffs after he assumes office in January. In major currencies today, the USD was 0.07% lower versus the Yen at 149.91. The euro and the pound were 0.14% and 0.07% lower against the USD at $1.0554 and $1.2739 respectively.  The Indian rupee opened almost flat at 84.69/70, against its previous session’s close of also 84.69/70 and is expected to trade between 84.65 - 84.75 band today.
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INR Rates

Symbol   Bid  ASK
USD84.375 84.385
GBP109.29938 109.35844
EUR90.90562 90.91406
JPY0.55386 0.5539
CHF96.78252 96.79362
AUD56.025 56.03344
SGD63.82375 63.82858
CAD60.74077 60.74514
NZD50.66719 50.70094
*Closing Rates on : 2024-11-08

Stock Indices

IndexPointsChange
BSE Sensex81561.08-148.04
S&P CNX Nifty24632.8-45
NASDAQ21622.254197.031
HangSeng20414.09548.24
DJ IA31097.9756.84
DAX20356.04-28.57
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