The MCX –SX US November futures traded weaker at 47.18 at 9:36 am. The Rupee was marginally lower this morning on expectation of weak opening in the local Share market.
Most of the Asian Equity markets were in the negative territory this morning. Nifty Singapore Futures were trading lower.
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The MCX –SX USDINR November futures closed higher on Wednesday mainly due to buying in the local equity market.
The US Dollar fell yesterday against major currencies. Most of the global equity markets ended higher yesterday. The BSE Sensex ended higher by 507 points to end at 15912 on Wednesday.
The dollar fell the most yesterday in two months as the Federal Reserve reiterated its pledge to keep borrowing costs near zero even as its $1 trillion injection into the economy helps revive growth.
The Dow Jones Index ended lower by 30.23 points at 9802 in a volatile trade yesterday .
According to ADP data released yesterday U.S. employers eliminated 203,000 jobs in October after a reduction of 227,000 in the previous month. ISM manufacturing data disappointed investors with lower than expected numbers.
Courtesy : Commtrendz research
