Financial Market Overview

Financial Market Overview

05 Oct 2018 10:02 AM
 
Myforexeye Research Report

The Indian rupee is opened lower against the dollar ahead of the nation’s Monetary Policy Committee decision on whether to raise interest rates to support Asia’s worst-performing currency this year. The rupee opened at 73.65 versus the dollar compared with its previous close of 73.58,

One-month non-deliverable rupee forward at 74.14; onshore one-month forward premium closed at 30 paisa in previous session.

Brent crude oil contract 0.6% higher at $85.08 per barrel, after tumbling 2% in previous session.

Dollar index little changed at 95.79. Ten-year US yield at 3.1965%. It climbed to as 3.2320% yesterday, highest since mid-2011.

SGX Nifty nearest-month futures trading off 0.4% at 10,561.50

Foreign investors sold net 27.61 billion rupees worth of Indian shares on Oct 4. Month-to-date, these investors have sold $429.94 million worth Indian shares. Foreign investors sold net $87.64 million rupees worth of Indian bonds on Oct 4. Month-to-date, these investors have sold $446.40 million worth Indian debt. Monetary Policy Committee interest rate decision at 14.30 hours.

RBI Governor Urjit Patel briefs media post release of monetary policy statement in Mumbai.


 


Date : Oct-2018