Nov 08 2017

Rupee steady as banks Dollar sales erode early losses

Financial Market Overview

08th November, 2017

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • Indian rupee turned little changed in afternoon trade, as dollar sales by banks, including some for likely exporter clients, outweighed initial losses stemming from weak sentiment amid higher crude oil prices.
  • The rupee was last seen at 65.01 to a dollar, against 65.03 at close yesterday. The rupee fell to a day’s low of 65.16 to dollar, its lowest since Oct. 25 in opening trade, but has since trimmed most of its losses. Most other Asian currencies were trading flat to lower against the dollar.

Indian Equities:-

  • Benchmark indices continued to be rangebound in afternoon after the fall in crude oil prices. Investors focussed on corporate earnings.
  • The 30-share BSE Sensex was down 9.90 points at 33,360.86 and the 50-share NSE Nifty fell 13.70 points to 10,336.45.

Global Markets:-

  • European markets are higher today with shares in France leading the region. The CAC40 is up 0.23%, Germany’s DAX rose 0.21%  and London’s FTSE 100 is trading higher by 0.13%.
  • Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.06%, while the Hang Seng led the Nikkei 225 lower. They fell 0.30% and 0.10% respectively.