Indian Rupee Closed Flat Amid Exporters' Dollar Sales And Weak Risk Sentiment

Indian Rupee Closed Flat Amid Exporters' Dollar Sales And Weak Risk Sentiment

11 May 2021 04:40 PM
 

Financial Market Overview

Indian Rupee

  • Indian rupee closed almost flat at 73.34/73.35 compared to 73.35/73.36 in the previous session, as Dollar selling by exporters counterbalances the weak risk appetite.
  • The benchmark 5.85% bond maturing in 2030 closed little changed at 98.86 rupees, yielding 6.01%, compared to 98.82 rupees and 6.01% yield at the previous close, on lack of fresh cues.

Indian Equities

  • The BSE Sensex fell 0.69% and the NSE index dropped 0.61% amid profit booking and worries about rising US inflation.
  • HDFC, Kotak Mahindra Bank and HDFC Bank were among the top losers.

Global Markets

  • Asian markets traded mixed. Japan’s Nikkei 225 fell 3.08%, while China’s Shanghai Composite rose 0.4% and Hong Kong’s Hang Seng Index fell 2.03%.
  • European markets were trading lower. STOXX Europe 600 Index fell 1.9%, French CAC 40 Index fell 1.9%, and German DAX 30 fell 2% while London’s FTSE 100 dropped 2.1%.
  • On the Wall Street, Dow Jones Industrial Average futures dropped 147 points to 34,521.00 while the S&P 500 index futures fell 29.75 points at 4,153.75 and the Nasdaq 100 index futures fell 183 points to 13,173.75.
  • Brent crude futures fell 1.1% to trade at $67.55 per barrel, while US WTI crude futures fell 1.2% to trade at $64.15 a barrel.