Rupee Traded Lower On Foreign Banks Dollar Sales

Rupee Traded Lower On Foreign Banks Dollar Sales

08 Jul 2020 02:08 PM

Financial Market Overview

Indian Rupee

  • The Indian rupee was at 74.98/74.99 against the dollar versus 74.9350/74.9450 in the previous session, on foreign banks’ dollar purchases amid a pullback in local equities.
  • The benchmark 5.79% bond maturing in 2030 was higher at 100.13 rupees, yielding 5.77%, against 99.97 rupees and 5.79% yield at the previous close, supported by purchases from foreign banks amid continued expectations of another round of special open market operation soon.

Indian Equities

  • The benchmark NIFTY is up around 0.13% on the day, quoting at 10813.45. The Sensex is at 36658.86, down 0.04%. Mindtree Ltd has risen around 10.61% in last one month.
  • Meanwhile, Nifty IT index of which Mindtree Ltd is a constituent, has risen around 5.98% in last one month and is currently quoting at 15784.95, down 1.05% on the day.

Global Markets

  • Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 1.74% and the Hang Seng rose 0.56%. The Nikkei 225 lost 0.78%.
  • European markets are lower today with shares in France off the most. The CAC 40 is down 0.41% while Germany's DAX is off 0.20% and London's FTSE 100 is lower by 0.13%.
  • California reported more than 10,000 coronavirus cases on Tuesday, a record rise for a single day that also surpassed the number of contact tracers recently trained by the state to detect and prevent potential outbreaks.
  • Brent crude futures fell 11 cents, or 0.28%, to $42.96 a barrel. U.S. West Texas Intermediate (WTI) crude futures slipped 15 cents, or 0.15%, to $40.47 a barrel.