The USDINR NDF is currently trading at 74.40/46.
Dollar traded at 92.425, near its almost 2-week low and fell as low as 92.134 yesterday, tracking US Treasury yields after the FOMC’s meeting minutes offered no new cues.
Fed officials stayed wary about the coronavirus, despite the US economy recovering faster than expected due to the fiscal stimulus. The officials stood on their decision to keep their monetary policy loose till a secure recovery.
The benchmark 10-year Treasury yield was at 1.67% after falling below 1.63% yesterday.
Yen was trading little changed at 109.78 yen after reaching a 1-year high of 110.97 a week ago. The euro consolidated around $1.1865 after bouncing back from an almost 5-month low of $1.1704 touched a week ago.
Australian S&P/ASX 200 futures rose 0.52%, while Japan's Nikkei 225 futures added 0.03%. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index, rose 0.62 % to 14,936.50.
U.S. crude was up 0.74% at $59.77 per barrel, while Brent gained 0.67% to $63.16 per barrel.
13 Apr 2021 11:00 AM
The dollar rose from near a three-week low against major rivals on Tuesday, buoyed by a bump in Treasury yields, as traders awaited highly anticipated U.S. inflation data later in the day.
13 Apr 2021 10:30 AM
Gold was unchanged today as investors kept to the side lines ahead of U.S. inflation data that is projected to shed more light on recovery in the world's largest economy.
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.