Money Changing
Nov 08 2017

Rupee snaps 2-day losses on exporters Dollar Sales

Financial Market Overview

08th November, 2017

Evening Coffee:-                                                                                      

MARKETS AT CLOSE:-

Rupee:-

  • The Indian rupee rose for the first time in three days against the dollar, as exporters’ greenback sales and likely equity-related inflows offset all initial losses stemming from weak sentiment amid higher crude oil prices.
  • The rupee ended at 64.95 to a dollar, against 65.03 at close yesterday. It briefly fell to the day’s low of 65.17, lowest since Oct. 25, before trimming losses. Most other Asian currencies ended lower against the dollar.

Indian Equities:-

  • Indian shares ended lower on Wednesday, with refiners such as Reliance Industries Ltd falling on concerns over surging crude prices, while Bharti Airtel Ltd slumped after a Qatari shareholder sold a stake.
  • The broader NSE index closed 0.45 percent lower at 10,303.15, while the benchmark BSE index was down 0.46 percent at 33,218.81.
  • Reliance Industries Ltd ended 1.9 percent lower, while Bharti Airtel closed 3.7 percent down.

Global Markets:-

  • European markets are mixed. The FTSE 100 is higher by 0.04%, while the CAC 40 is leading the DAX lower. They are down 0.28% and 0.11% respectively.
  • Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.06%, while the Hang Seng led the Nikkei 225 lower. They fell 0.30% and 0.10% respectively.
  • The dollar index, which measures the greenback against a basket of six major rivals, came off the day’s high and ended 0.16% higher yesterday. It was last trading down 0.10%.