Rupee stays lower on strong Dollar and bank bids

27 Oct 2017 08:46 AM
Financial Market Overview 27th October, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:-
  • Indian rupee remained lower against the dollar in afternoon trade, as demand for the greenback surged overnight, especially against the euro, after the European Central Bank extended its bond purchase programme into late next year.
  • The rupee was last seen at 65.0550 to a dollar, against 64.82 at previous close. The rupee has traded in a 15-paisa band so far today.
Indian Equities:-
  • Equity benchmarks continued to consolidate in afternoon after hitting record highs. Investors looked for more earnings for further cues.
  • The 30-share BSE Sensex was up 69.94 points at 33,217.07 and the 50-share NSE Nifty is trading flat at 10,344.55.
  • About 1,390 shares advanced against 1,065 declining shares on the BSE.
Global Markets:-
  • Asian markets finished broadly higher today with shares in Japan leading the region. The Nikkei 225 is up 1.24% while Hong Kong's Hang Seng is up 0.72% and China's Shanghai Composite is up 0.27%.
  • European markets are higher today with shares in Germany leading the region. The DAX is up 0.75% while France's CAC 40 is up 0.65% and London's FTSE 100 is up 0.36%.
  • The dollar index, which measures the greenback against a basket of six major rivals, rose almost a percent overnight at 94.61, its highest closing Jul. 19 and marking the largest single-session gain since December 2016. It was last trading up 0.30%.
  • The euro dropped 1.37% against the greenback, its largest single-session decline since Jun. 24, 2016 and was last trading down 0.2%.