US Dollar index is holding around 105.09, up 0.16% on the day as global geopolitical scenario stayed in focus. Dollar index had tumbled to three week low under 105 last week before pulling up. However, these gains appear to be giving way to some cautiousness now as Hamas stated yesterday that it accepted an Egyptian-Qatari cease-fire proposal. While Israel said the deal did not meet its core demands, it would still continue negotiations. This can curb some worries on geopolitical uncertainty and US dollar could see limited gains in such a scenario. There is nothing much on the US economic calendar today though a number of Fed speakers are due in the week ahead. Powered by Capital Market - Live News

Indian Rupee is holding in a tight range today, consolidating around record lows as a deep slide in local equities weighed on the sentiments. INR currently quotes at 83.49 per US dollar, almost unchanged on the day. US dollar index is holding around 105.16, witnessing modest gains after last week�s tumble. Rupee has been little changed recently and the bias has been weak despite the losses in US dollar over last few days. The local stock markets traded with major losses in mid-morning trade. The Nifty dropped below the 22,300 level after hitting day�s high of 22,499.05 in early trade. At 11:30 IST, the barometer index, the S&P BSE Sensex slipped 552.52 points or 0.74% to 73,353.46. The Nifty 50 declined 182.45 points or 0.81% to 22,260.25. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.73% and the S&P BSE Small-Cap index declined 1.61%. Powered by Capital Market - Live News

Rupee closed lower at 83.6000 per Dollar on Monday (06 May 2024), versus its previous close of 83.5300 per Dollar.Powered by Capital Market - Live News

Large currency speculators in the Pound futures continued to stay net short, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of -28990 contracts in the data reported through April 30 2024. This was a weekly fall of 2757 net contracts and is at its lowest level since November last year.Powered by Capital Market - Live News

Large currency market speculators in the US dollar futures further reduced their net short position but continued to stay at their most bearish level since June 2021, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of -35 contracts in the data reported through April 30, 2024. This was a weekly reduction of 178 net short contracts.Powered by Capital Market - Live News