The USDINR NDF is currently trading at 73.47/49.
The dollar slid to a two-week low against a basket of rival currencies today after U.S. bond yields fell.
The U.S. currency's decline came as investors recalibrated their expectations that the Federal Reserve will tighten its policy earlier than it has suggested.
The dollar index dropped near a two-week low of 92.314, falling further from a five-month high of 93.439 set on March 31. The 10-year Treasury yield decreased 6 basis points to 1.66%.
The euro rose to a two-week high of $1.18785 and last stood at $1.1871. The dollar traded at 109.77 yen, extending its retreat from a one-year high of 110.97 touched a week ago.
Japan’s benchmark Nikkei dropped 0.5% to 29,544.93 and the Shanghai Composite index fell 0.7% to 3,459.25. Hong Kong’s Hang Seng slipped 0.3% to 28,845.68.
Brent crude futures for June rose by 34 cents, or 0.5%, to $63.08 a barrel by 0653 IST while U.S. West Texas Intermediate crude for May was up 32 cents, or 0.5%, to $59.65.
13 Apr 2021 07:40 AM
Find out why is the Dollar trading near its 3-week low?
12 Apr 2021 06:35 PM
U.S. stock futures slipped today, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data.
12 Apr 2021 04:31 PM
Indian equities fell the most in over a month as a rapid surging second wave of the coronavirus across the country acted as the key deterrent to market sentiment.
12 Apr 2021 04:21 PM
The Indian rupee dropped for the sixth consecutive session against the dollar, as a surge in coronavirus cases intensified fears of a delay in economic recovery.
12 Apr 2021 02:54 PM
Pound bounced back from 2 month lows and traded around 1.3750 amid timid US Treasury yields capping Dollar’s gains.
12 Apr 2021 02:46 PM
Check out how European markets are reacting today