Rupee Stays Higher In Thin Trade With Fall In Dollar Index

Rupee Stays Higher In Thin Trade With Fall In Dollar Index

01 Jan 2019 02:02 PM

Financial Market Overview

1st January, 2019

Noon update

Indian Rupee:-

  • The Indian rupee remained higher against the dollar in afternoon trade on lower-than-average daily volume, helped by the greenback’s decline against major currencies on the last day of 2018.
  • The rupee changed hands at 69.68 to a dollar, against 69.77 at close yesterday. The currency opened at 69.62, its highest since Nov. 30. It has so far traded in a range of 12 paise.

Indian Equities:-

  • Indian shares began the year on a negative note on Tuesday as investors stayed away from making bets, with the corporate earnings season slated to begin next week.
  • The broader NSE index was down 0.31% at 10,829.15 and the benchmark BSE index was also 0.31% lower at 35,957.16.

 Global Markets:-

  • Asian markets are closed today.
  • European markets are also closed today.
  • The dollar index fell for the third straight session yesterday to close at its lowest since Nov. 19. The index’s losses came amid a decline in the 10-year U.S. yield to its lowest in 10 months, which lifted the Japanese yen above 110.00 to the dollar.
  • Long-term Treasury yields and shape of the yield curve will continue to remain the focus of attention for investors amid growth slowdown fears. The 10-year U.S. yield ended at 2.69% yesterday and its yield differential with the 2-year yield was at 20 basis points.
  • With almost all major markets shut today for the New Year holiday, volumes were on the lower side.






Date : 1-Jan-2019

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