Rupee opened little changed against US Dollar

Rupee opened little changed against US Dollar

24 Apr 2018 10:06 AM
Myforexeye Research Report

Financial Market Overview

24th April, 2018

Morning Coffee:-                                                                                  



  • Indian rupee opened little changed against the dollar at 66.42 as rising U.S. Treasury yields are countered by the support for the local currency at 66.50. Pair USDINR now at 66.38 against 66.48 previous close.
  • Pair to tip in range between 66.25-66.50.

Indian Equities:-

  • Benchmark indices opened higher, following positive lead from Asian stocks.
  • The 30-share BSE Sensex was up 101.63 points at 34,552.40 and the 50-share NSE Nifty rose 14.20 points to 10,598.90.

Global Markets:-

  • Asian markets are higher today. The Shanghai Composite is up 2.07% , the Hong Kong's Hang Seng gain 1.11% and the Australian ASX200 is trading higher by 0.46%.
  • European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.48% while London's FTSE 100 is up 0.42% and Germany's DAX is up 0.25%.
  • US. stocks were mixed at the close on Monday, as gains in the Telecoms, Oil & Gas and Healthcare sectors led shares higher while losses in the Basic Materials, Technology and Industrials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.06%, while the S&P 500 index gained 0.01%, and the NASDAQ Composite index fell 0.25%.
  • The dollar index rose by the most in almost a month yesterday to 90.946, climbing to its highest level since mid-January, as the 10-year U.S. borrowing cost came within less than a basis point of 3%. The yield on the 10-year benchmark bond reached 2.9980% level overnight before edging lower at 2.97% at close. It was the fourth consecutive day when long-term Treasury yields have climbed higher, sending the euro to more-than-one-month lows versus the dollar and the yen past the 108.00 level against the U.S. currency.
  • US. economic data will be closely watched in the wake of concerns over climbing borrowing cost. The U.S. Conference Board consumer confidence is due later today along with sales of new U.S. single-family homes and S&P CoreLogic Case-Shiller composite index of home prices.

Date : Apr-2018