Rupee remained steady on Dollar bids

Financial Market Overview

01st March, 2018

Noon Update:-                                                                                  



  • The Indian rupee was little changed in afternoon session, as foreign banks’ dollar purchases amid growing speculation that the U.S. Federal Reserve will accelerate rate increases wiped out the gains triggered by exporters’ greenback sales.
  • Rupee was last seen at 65.16 to a dollar, against 65.18 at the previous close. The currency had opened at 65.20, falling to a day’s low of 65.25, before rising to a day’s high of 65.10. Most other Asian currencies traded lower against the dollar.

Indian Equities:-

  • Range-bound moves have continued on the market in the past few sessions.
  • The Sensex is up 43.06 points or 0.13% at 34277.10, and the Nifty up 18.95 points or 0.18% at 10511.80. The market breadth is narrow as 1364 shares have advanced, 1149 shares declined, and 195 shares are unchanged.

Global Markets:-

  • European markets are lower today with shares in Germany off the most. The DAX is down 0.65% while France’s CAC 40 is off 0.27% and London’s FTSE 100 is lower by 0.27%.
  • Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.65% and the Shanghai Composite rose 0.44%. The Nikkei 225 lost 1.56%.
  • The dollar index advanced further as worries over a quicker pace of tightening by the Federal Reserve continued to upend risk appetite. The index rose to a five-week high and was last trading up 0.1%, adding to an overnight rise of 0.3%. For the week, it was up 0.9% so far.