Myforexeye- Forex Services
Oct 09 2017

Rupee ends marginally higher on Dollar sales

Financial Market Overview

09th October, 2017

Evening Coffee:-                                                                                      



  • The Indian rupee eked out modest gains, rising for a first time in three sessions against the dollar, as foreign banks sold the greenback amid strong shares. However, greenback purchases by importers limited the rupee’s gains.
  • The rupee settled at 65.35 to a dollar, against 65.38 at the previous close. The currency had risen to a day’s high of 65.27 to dollar, before falling to 65.41, its lowest since Oct. 3. Most other Asian currencies also rose against the greenback.

Indian Equities:-

  • Indian shares closed slightly higher on Monday, led by finance and consumer stocks amid caution ahead of the corporate results season that starts later this week.
  • The broader NSE index ended up 0.09 percent at 9,988.75, while the benchmark BSE index closed 0.1 percent higher at 31,846.89. Both indexes posted two-week closing highs.
  • The NSE bank index was up 0.26 percent, with IndusInd Bank rising 1.16 percent.

Global Markets:-

  • European markets are mixed. The DAX is higher by 0.05%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.26% and 0.06% respectively.
  • Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.76% and the Nikkei 225 is closed. The Hang Seng lost 0.46%.
  • The dollar index, which measures the greenback against a basket of six major rivals, rose as much as 0.3% on Oct. 6 before ending down 0.17%. The index was down 0.1%. The U.S. markets will remain partially shut today for Columbus Day celebrations.
  • Anton Morozov, a member of the Russian lower house of parliament’s international affairs committee, was quoted by Russia’s RIA news agency as saying North Korea is preparing to conduct another long-range missile test, which North Korea believes can reach the west coast of the U.S. The report raised fresh fears over North Korea’s missile program, undoing the dollar rally following a fairly strong U.S. data.