The MCX –SX USDINR November futures traded at 47.09 at 9:39 am. The Rupee was marginally lower this morning on expectation of weaker opening in the share market. Most of the Asian equity markets were in the red. Nifty Singapore Futures were trading lower as well pointing to a weak start to the Indian markets, as stated in a report published by Commtrendz Research.
The rupee Market was closed on Monday due to a public holiday. The MCX –SX USDINR November futures closed higher on Friday on the back of month end demand from importers. The BSE Sensex tanked lower by 156.44 points to end at 15,896 on Friday.
The Dow Jones Index rose yesterday by 76 points to close at 9789 .US Economic data on manufacturing , pending home sales and construction spending released yesterday came better than expected. Euro rose against the dollar yesterday on the back of increasing confidence amongst investors.
