Oct 30 2017

Rupee stays higher as Dollar slips

Financial Market Overview

30th October, 2017

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • The Indian rupee remained higher against the dollar in afternoon trade, as caution ahead of the Federal Reserve’s two-day policy meet that starts tomorrow and speculation on the U.S. central bank’s next chief’s selection weighed on the greenback.
  • The rupee was last seen at 64.8525 to a dollar, against 65.05 at close on Oct. 27. It had risen to the day’s high of 64.83 today.

Indian Equities:-

  • Equity benchmarks remained strong in afternoon as the 30-share BSE Sensex was up 162.36 points at 33,319.58, backed by banking & financials, oil & gas, auto and Bharti Group stocks. The 50-share NSE Nifty rose 55.90 points to 10,378.95.
  • About 1,689 shares advanced against 870 declining shares on the BSE.

Global Markets:-

  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.01%, while the Shanghai Composite led the Hang Seng lower. They fell 0.77% and 0.36% respectively.
  • European markets are mixed. The DAX is higher by 0.06%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.21% and 0.03% respectively.
  • The euro fell 0.4% against the dollar on Oct. 27, and was last trading little changed amid political tensions in Catalonia. In latest developments, the Spanish government dismissed the Catalonian regional government last week, dissolved the parliament and called for snap elections following Catalonia’s declaration of independence from Spain.
  • The single currency was already under considerable pressure after the European Central Bank decided to prolong its bond purchases and signalled its willingness to stick with a loose policy stance.