Rupee little changed tracking gains in local shares

Rupee little changed tracking gains in local shares

13 Apr 2018 03:18 PM
Myforexeye Research Report

Financial Market Overview

13th April, 2018

Noon Update:-                                                                                  



  • The Indian rupee was little changed against the dollar in afternoon trade, tracking gains in local shares and a pause in crude oil price rally, which helped offset early losses from an overnight recovery in the greenback.
  • The rupee was last seen at 65.25 to a dollar, against 65.26 at previous close. It opened at 65.30 and then turned higher to 65.20. Other Asian currencies were trading mixed against the greenback.
  • On the domestic front, traders await India’s merchandise trade data for March, which may be detailed later today.

Indian Equities:-

  • Benchmark indices turned volatile ahead of Infosys Q4 earnings due later in the day.
  • The 30-share BSE Sensex was up 100.45 points at 34,201.58 and the 50-share NSE Nifty gains 20.50 points to 10,479.15.

Global Markets:-

  • European markets are mixed today. The DAX is up 0.38% while the CAC 40 gains 0.19%. The FTSE 100 is off 0.10%..
  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.55%, while the Shanghai Composite led the Hang Seng lower. They fell 0.66% and 0.07% respectively.
  • The dollar index, which measures the greenback against a basket of six major rivals, ended up 0.2% overnight, its first gain in five sessions, after Trump’s tweet pushed treasury yields higher. The 10-year treasury yield rose to 2.83%, marking its highest close in more than a week. It was last trading up 0.04%.
  • China’s exports unexpected fell 2.7% in March from a year earlier, missing the estimated 11.8% increase, while trade surplus with the U.S. rose 19.4% in the first quarter to $58.3 billion from the same period a year earlier, data on Friday showed. On the other hand, Imports grew 14.4%, the country’s custom administration said. Import growth was previously expected to pick up to 10%.

Date : Apr-2018