Rupee at 1-week high on Equity related Dollar inflows

12 Oct 2017 09:22 AM
Financial Market Overview 12th October, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:-
  • Indian rupee rose to a one-week high against the dollar in afternoon trade, aided by equity-related dollar inflows amid strong local shares. However, sporadic greenback purchases by state-run banks, likely for importer clients, tested gains in the local currency.
  • The rupee was last seen at 65.0750 to a dollar, against 65.14 at previous close. It had risen to 65.0625 so far today. Most Asian currencies were trading mixed against the dollar.
Indian Equities:-
  • Equity benchmarks remained higher in afternoon trade as the Sensex was up 201 points at 32,034.99 ahead of September CPI inflation and August industrial output data due later today.
  • The Nifty is  at 10,049 level, up 64.60 points. About two shares advanced for every share falling on the BSE.
Global Markets:-
  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.35% and the Hang Seng rose 0.24%. The Shanghai Composite lost 0.06%.
  • European markets are mixed. The FTSE 100 is higher by 0.05%, while the CAC 40 is leading the DAX lower. They are down 0.23% and 0.10% respectively.