Forex
Feb 14 2018

Rupee stays higher as Dollar slips before US inflation data

Financial Market Overview

14th February, 2018

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • Indian Rupee remained higher against the dollar in afternoon trade, tracking broad weakness in the greenback ahead of the U.S. inflation data due later today.
  • Rupee was last seen at 64.15 to a dollar, against 64.31 at close on Feb. 12. The rupee hit an intraday high of 64.08 to a dollar, highest since Feb.7, but pared some gains on dollar purchases by importers. Other Asian currencies were also trading higher against the greenback.

Indian Equities:-

  • Benchmark indices remained volatile in afternoon, but the broader markets continued to outperform.
  • The 30-share BSE Sensex was up 68.10 points at 34,368.57 and the 50-share NSE Nifty gains 25.25 points to 10,565.90.

Global Markets:-

  • European markets are higher today with shares in Germany leading the region. The DAX is up 0.79% while France’s CAC 40 is up 0.46% and London’s FTSE 100 is up 0.60%.
  • Asian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 4.05% while Hong Kong’s Hang Seng is off 3.10% and Japan’s Nikkei 225 is lower by 2.32%.
  • The Dollar index, which measures the greenback against a basket of six major rivals, ended over half a percent lower overnight, tracking a corresponding 0.48% rise in the euro yesterday that prompted traders to dump the greenback for riskier assets.
  • Yesterday’s session also marked the index’s largest single session decline since Jan.24 and it was last trading down 0.2% ahead of the U.S. January inflation data due later today. A poll of economists expect U.S. consumer prices to likely increase by 0.3% in January, against 0.2% rise in December.