Rupee turned marginally lower on Oil importer bids

02 Nov 2017 09:48 AM
Financial Market Overview 02nd November, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:-
  • Indian rupee was trading slight lower against the dollar in afternoon trade, as greenback demand from oil importers and foreign banks offset gains stemming from broad weakness in the U.S. currency.
  • The rupee was last seen at 64.65 to a dollar, against 64.59 at close yesterday. It rose to the day’s high of 64.47, highest since Sep. 21, but turned lower as state-run banks along with foreign lenders stepped up dollar buys. Most Asian currencies were trading higher against the greenback.
Indian Equities:-
  • Equity benchmarks continued to trade flat in afternoon while the broader markets were off day's high on weak breadth. Investors await more corporate earnings.
  • The 30-share BSE Sensex rose 5.85 points to 33,606.12 and the 50-share NSE Nifty was down 6.20 points at 10,434.30.
Global Markets:-
  • European markets are mixed to lower. Shares in Germany are off as the DAX drops 0.16%. The FTSE 100 is down 0.01% while the CAC 40 in France is up 0.01%.
  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.53%, while the Shanghai Composite led the Hang Seng lower. They fell 0.37% and 0.26% respectively.