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Dec 27 2017

Rupee stays lower on Importers bids

Financial Market Overview

27th December, 2017

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • Indian rupee remained lower against the dollar in thin afternoon trade, as oil and other importers stepped up greenback purchases amid a spike in crude oil prices.
  • The rupee was last seen at 64.13 to a dollar , against 64.08 at close yesterday. The currency had opened at 64.07, but soon declined to 64.18 to a dollar, the lowest since Dec.19. Other Asian currencies were trading mixed.

Indian Equities:-

  • Benchmark indices continued to consolidate in afternoon after hitting life-time highs.
  • The 30-share BSE Sensex was up 40.85 points at 34,051.46 and the 50-share NSE Nifty rose 0.15 points to 10,531.35.
  • About 1,422 shares advanced against 1,094 declining shares on the BSE.

Global Markets:-

  • European markets are higher today with shares in France leading the region. The CAC 40 is up 0.37% while Germany’s DAX is up 0.31% and London’s FTSE 100 is up 0.15%.
  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.08% and the Hang Seng rose 0.07%. The Shanghai Composite lost 0.92%.
  • China’s trade deficit in services widened to $18.3 billion in November from $17.8 billion in October, the foreign exchange regulator said on Wednesday.
  • The deficit was largely due to a $14.9 billion gulf in spending between foreign tourists and the Chinese, who splurge more abroad than do visitors to China, data from the State Administration of Foreign Exchange (SAFE) showed.
  • For the January-November period, China’s services trade deficit stood at $234.8 billion, versus a gap of $216.5 billion for January-October.