Rupee Steady As Gains In Shares Offset Banks’ Dollar Bids

Rupee Steady As Gains In Shares Offset Banks’ Dollar Bids

25 Jan 2019 02:02 PM

Financial Market Overview

25th January, 2019

Noon update

Indian Rupee:-

  • The Indian rupee was little changed against the dollar in afternoon trade, as gains in local shares offset greenback demand from a few banks, likely on behalf of corporate clients.
  • The rupee changed hands at 71.05 to a dollar, against 71.07 at previous close. The currency opened higher at 71.00 and briefly rose to the day’s high of 70.96 before falling to 71.14.

 Indian Equities:-

  • Indian shares advanced in line with other Asian peers on Friday, driven by gains in energy and financials, with Yes Bank Ltd jumping nearly 14% after the private-sector lender named a new chief executive officer.
  • The broader NSE index was up 0.39% at 10,892.45, while the benchmark BSE index was up 0.47% to 36,366.35.

 Global Markets:-

  • Asian markets finished broadly higher today with shares in Hong Kong leading the region. The Hang Seng is up 1.59% while Japan's Nikkei 225 is up 0.97% and China's Shanghai Composite is up 0.39%.
  • European markets are also higher today. The CAC 40 is up 0.42%, London's FTSE 100 is up 0.13% and Germany's DAX is down 0.87% while Spain's IBEX35 is up 0.48%.
  • The benchmark Brent crude oil contract rose above the $61-per-barrel mark, amid fear of disruption in crude oil exports from Venezuela. Washington yesterday signalled it could impose sanctions on Venezuela's oil exports as Caracas descends further into political and economic turmoil. The contract was trading 0.52% higher at $61.42.
  • The dollar index was last trading 0.2% lower at 96.43, while pound sterling gained 0.4% amid reports of Prime Minister Theresa May's Brexit deal getting a backing by Northern Ireland's Democratic Unionist Party.





Date : 25-Jan-2019