Nov 15 2017

Rupee turned higher on weak Dollar

Financial Market Overview

15th November, 2017

Noon Update:-                                                                                  



  • The Indian rupee turned higher against the dollar in afternoon trade, in line with most Asian peers, tracking broad greenback weakness against a basket of currencies, including the euro following strong German economic growth data.
  • The rupee was last seen at 65.3350 to a dollar, against 65.4150 at close in the previous session. The local currency had opened little changed at 65.43 and extended gains to 65.30 per dollar earlier today.

Indian Equities:-

  • Equity benchmarks extended losses amid volatility, tracking weak global cues after trade deficit data.
  • The 30-share BSE Sensex was down 129.22 points at 32,812.65 and the 50-share NSE Nifty fell 48.45 points to 10,138.15.

Global Markets:-

  • Asian markets finished broadly lower today with shares in Japan leading the region. The Nikkei 225 is down 1.57% while Hong Kong’s Hang Seng is off 1.03% and China’s Shanghai Composite is lower by 0.79%.
  • European markets are lower. Shares in Germany are off as the DAX drops 0.84%. The FTSE 100 is down 0.32% while the CAC 40 in France trading lower by 0.35%.
  • S. inflation data is due later today, and the Fed’s next monetary policy is due on Dec.12 and Dec. 13, where the monetary authority is widely expected to raise interest rates third time this year.