Rupee stays higher on exporters Dollar sales

Rupee stays higher on exporters Dollar sales

26 Apr 2018 03:18 PM
Myforexeye Research Report

Financial Market Overview

26th April, 2018

Noon Update:-                                                                                  



  • Indian rupee remained higher against the dollar in afternoon trade, as dollar sales by exporters outweighed losses tracking the greenback’s overnight rally amid higher U.S. Treasury yields.
  • The rupee was last seen at 66.77 to a dollar, from 66.90 at previous close. It briefly fell to 66.91, also lowest since Feb. 23, 2017. Most other Asian peers were also trading stronger against the greenback.

Indian Equities:-

  • Benchmark indices continued to consolidate ahead of expiry of April futures and options contracts. Investors also monitor corporate earnings.
  • The 30-share BSE Sensex was up 90.21 points at 34,591.48 and the 50-share NSE Nifty rose 10 points to 10,580.55 amid weak market breadth.

Global Markets:-

  • European markets are mixed. The CAC 40 is higher by 0.46%, while the DAX is leading the FTSE 100 lower. They are down 0.13% and 0.05% respectively.
  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.47%, while the Shanghai Composite led the Hang Seng lower. They fell 1.38% and 1.06% respectively.
  • The dollar index, which measures the greenback against a basket of six major rivals, rose for a sixth day over the last seven sessions, clocking 0.4% gains overnight as widening interest differentials hurt the euro and the yen. It was last trading flat.
  • Investors will also keep an eye out for the European Central Bank policy review later today. The ECB is set to keep its policy unchanged, playing down worries over recent softness in the euro-zone economy.

Date : Apr-2018