Indian Rupee Finished The Day at 95.1175 against the US Dollar

Financial Market Overview

Indian Rupee

The Indian rupee closed at 95.1175 on Wednesday in comparison to its previous 95.3775 on Tuesday. The Indian Rupee pulled back from its monthly highs to trade near 95.12 against the US Dollar after the Reserve Bank of India maintained its repo rate at 5.25% for the fourth consecutive time with a neutral stance, while broader market sentiment was simultaneously influenced by falling oil prices on US-Iran diplomatic hopes and anticipation surrounding upcoming US employment data.

Indian Equities

At the closing bell, the BSE Sensex closed 152 points higher (up 0.2%) Meanwhile, the NSE Nifty closed 9 points higher. Hindalco, NTPC and JSW Steel among the top gainers today. TCS, HCL Tech and Sun Pharma on the other hand, were among the top losers today.

Global Market

Asian markets displayed mixed results. The Nikkei 225 rose 2,300.47 points to 66,258.00, while the Hang Seng rose 76.08 points to 25,929.00 and the Shanghai Composite rose 56.15 points to 3,878.43. Elsewhere, the KOSPI moved higher, climbing 239.31 points to 6,598.26, and the Taiwan Weighted rose 1,250.94 points to 44,611.60.

European markets were mostly higher. The FTSE 100 fell 10.24 points to 10,869.14, and the CAC 40 rose 7.47 points to 8,674.10, while the DAX 40 rose 39.65 points to 26,242.00.

US futures traded higher. Futures tied to the Dow Jones Industrial Average rose 240.40 points to 54,326.28. Meanwhile, S&P 500 futures gained 136.02 points to 7,736.52, and Nasdaq futures gained 671.10 points to 26,584.99.

The price of a barrel of Brent crude rose by 0.94 points to $80.30.