Rupee trades little changed as foreign banks' dollar sales erase early losses

Rupee trades little changed as foreign banks' dollar sales erase early losses

19 Nov 2019 02:13 PM
 

Indian Rupee

  • The Indian rupee was trading little changed as greenback sales by foreign banks erased early losses due to a decline in Asian currencies.
  • The Indian rupee was trading at 71.83 to the dollar, against 71.8425 at previous close. The local unit opened at 71.91, and rose to the day’s high of 71.80 after falling to 72.00.

Indian Equities

  • Indian shares were higher, tracking gains in Asian as well as U.S. indices, driven by banking and telecom stocks after two major mobile network service providers said they planned to raise tariffs from next month.
  • The NSE Nifty 50 index was up 0.37% at 11,928.75, while S&P BSE Sensex was 0.43% higher at 40,458.41.

Global Markets

  • Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.55% and the Shanghai Composite rose 0.85%. The Nikkei 225 lost 0.53%.
  • European markets are higher today with shares in London leading the region. The FTSE 100 is up 0.53% while Germany's DAX is up 0.35% and France's CAC 40 is up 0.20%.
  • The benchmark Brent crude oil contract traded 0.32% lower at $62.24 per barrel, adding to yesterday’s decline of more than 1%.
  • The onshore Chinese yuan edged lower to 7.0264 to the dollar, while the dollar index traded little changed at 97.80. The yield on 10-year Treasury note fell to 1.7980%, near a two-week low.

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