Indian Rupee Finished The Day at 94.945 against the US Dollar

Financial Market Overview

Indian Rupee

The Indian rupee closed at 94.945 on Friday in comparison to its previous at at 95.79 on Thursday evening. The Indian rupee strengthened significantly, climbing 74 paise to trade near 95.04 against the US dollar following the Reserve Bank of India decision to maintain the repo rate at 5.25 percent. After opening at 95.72 and reaching an intraday high of 95.78, the currency recovered from its previous close of 95.74 as market sentiment shifted in response to the central bank announcement.

Indian Equities

The Sensex had climbed 357.56 points or 0.48 percent to 74,717.57 in early trade, while the Nifty advanced 99.8 points or 0.42 percent to 23,516.35.

The benchmark equity indices Sensex and Nifty erased early gains and turned lower on Friday as investors booked profits at higher levels following the Reserve Bank's monetary policy announcement

Global Market

Asian markets displayed mixed results today. The Nikkei 225 fell 1.27% to 66,625.00, while the Shanghai Composite decreased 0.75% to 4,027.74. Hong Kong’s Hang Seng fell 1.10% to close at 24,978.00.

European indices traded mostly higher during afternoon sessions. The German DAX decreased to 24,936.00, while the French CAC 40 rose to 8,292.40. The FTSE 100 moved higher by 0.39% to 10,400.80.

U.S. stock futures show mixed performance. Dow Jones Futures rose to 51,650.45, while S&P 500 and Nasdaq futures moved higher by 0.41% and lower by 0.09% respectively.

Brent Crude prices settled at 94.63 dollars per barrel.