Financial Market Overview
17th November, 2017
MARKETS AT CLOSE:-
- The rupee ended at 65.01 to a dollar, the highest since Nov. 9, from 65.32 at close yesterday. The session also marked the currency’s largest single-day gain since Oct. 4. The rupee rose as much as 1.07% to 64.63 earlier in the day, before paring some gains on suspected intervention from the Reserve Bank of India.
- India’s foreign exchange reserves rose to $399.29 billion as of Nov 10, compared with $398.74 billion a week earlier, the Reserve Bank of India said today.
- Indian shares ended higher after climbing more than 1 percent during the session, after Moody’s Investors Service upgraded India’s sovereign bond rating for the first time in nearly 14 years.
- The 30-share BSE Sensex gained 235.98 points or 0.71 percent at 33,342.80 and the 50-share NSE Nifty rose 68.80 points or 0.67 percent to 10,283.60.
- European markets are higher today with shares in France leading the region. The CAC 40 is up 0.01% while Germany’s DAX is up 0.02% and London’s FTSE 100 is up 0.11%.
- Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.62% and the Nikkei 225 rose 0.20%. The Shanghai Composite lost 0.48%.
- The dollar index, which measures the greenback against a basket of six major rivals, was last trading down 0.17%, after The Wall Street Journal reported that investigators probing possible Russian interference in the 2016 U.S. presidential election, led by Special Counsel Robert Mueller’s team, had issued a subpoena in October to President Donald Trump’s campaign, requesting ‘Russia-related’ documents from over a dozen officials. The index was also down 0.75% so far for the week, its largest weekly decline since Oct.13.