Indian Rupee Closed Stronger Amid Equity Related Inflows

Indian Rupee Closed Stronger Amid Equity Related Inflows

24 Jun 2021 04:39 PM

Financial Market Overview

Indian Rupee

  • Indian rupee closed higher at 74.16/74.17 compared to 74.27/74.28 in the previous session, supported by equity related inflows however, dollar bids by oil companies capped any major gains.
  • The benchmark 5.85% bond maturing in 2030 was little changed at 98.84 rupees, yielding 6.01%, compared to 98.80 rupees and 6.02% yield in the previous session, ahead of the weekly debt auction tomorrow.

Indian Equities

  • The BSE Sensex and the NSE index closed 0.75% and 0.66% higher, respectively, boosted by IT and financial stocks ahead of expiry of monthly futures contracts.
  • Infosys, TCS and HDFC Bank were among the top gainers.

Global Markets

  • Asian markets closed higher. Nikkei 225 in Tokyo was flat at 28,875.23 while, Shanghai Composite rose 0.01% and Hong Kong’s Hang Seng rose 0.25%.
  • European markets are trading higher. The DAX rose 0.65%, while London's FTSE 100 rose 0.56%, and France's CAC 40 rose 0.99%.
  • On the Wall Street, the S&P 500 futures rose 0.49% to 4,252.38 and the Dow Jones Industrial Average futures gained 0.53% to 33,936 while the Nasdaq Composite futures rose 0.55% to 14,342.
  • West Texas Intermediate crude fell 0.23% to $72.92 per barrel while the Brent crude fell 0.19% to $75.05 per barrel.