Indian Rupee Closes Higher For 5 Straight Days

Indian Rupee Closes Higher For 5 Straight Days

25 Jan 2021 04:47 PM

Financial Market Overview

Indian Rupee

  • Indian rupee closed higher at 72.9350/72.9450, compared to 72.9750/72.9850 in the previous session, tracking upbeat Asian peers, also supported by equity inflows. Rupee gained for the fifth consecutive session.
  • The benchmark 5.77% bond maturing in 2030 closed lower at 98.67 rupees, yielding 5.96%, compared to 98.77 rupees and 5.94% yield at previous close, as investors cut positions ahead of the annual budget due on 1st Feb 2021.

Indian Equities

  • The benchmark BSE Sensex fell 1.09% and the NSE index was down 0.93%. Both indices fell for the third consecutive session, dragged by a selloff in Reliance Industries as it reported a sharp fall in Q3 revenue.
  • Reliance industries, Infosys and HDFC were among the top losers.

Global Markets

  • Asian markets closed higher with shares in Hong Kong leading the region. The Hang Seng was up 2.49% while Japan's Nikkei 225 rose 0.67% and China's Shanghai Composite was up 0.48%.
  • European markets are trading lower with shares in France losing the most. The CAC 40 is down 0.56% while London's FTSE 100 is off 0.22% and Germany's DAX is lower by 0.20%.
  • On the Wall Street, the Dow fell 0.57%, the S&P 500 lost 0.30% and the Nasdaq added 0.09% in the previous session.
  • Brent rose 0.65% to $55.77 a barrel while the US crude gained 0.75% to $52.66.