Aug 21 2018

Rupee Trends Higher As Trump Comments Hits Dollar

Financial Market Overview

21st August, 2018

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • The Indian rupee rose to 69.6950 versus 69.82 at previous close, after U.S. President Donald Trump criticized the Federal Reserve’s policy of increasing interest rates, denting demand for the dollar.

 

Indian Equities:-

  • Indian shares were little changed on Tuesday, coming off record highs hit earlier in the session, as sentiment across the globe was buoyed on expectations of a cooling in Sino-U.S. trade tensions.
  • Indian markets have been on a record-hitting spree this month, driven by select few large-cap stocks.
  • The broader NSE index was up 0.10% at 11,562.95 and the benchmark BSE index was 0.02 percent higher at 38,287.96.

 

Global Markets:-

  • Asian markets finished higher today. The Hong Kong Hang Seng ended up by 0.53% and the Shanghai Composite closed higher by 1.31%.
  • European markets are trading higher today. The Germany’s DAX is trading higher by 0.25% followed by the France’s CAC at 0.06% and the London FTSE 100 at 0.03% .
  • The Dollar Index, which measures the greenback vs. a basket of its main rivals, has intensified the downside and tested fresh lows in the 95.40 region, where seems to have found some support.
  • The lira weakened against the dollar in thin holiday trade on Tuesday, after U.S. President Donald Trump ruled out agreeing to any demands from Turkey to gain the release of a detained U.S. pastor.