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Rupee trades lower at 69.74 per dollar

By HUBLI SBI -
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Rupee trades lower at 69.74 per dollar The Indian rupee is trading lower at 69.74 per dollar versus previous close 69.67. On Monday the rupee ended 32 paise lower at 69.67 against the US dollar on the back of surge in crude oil prices. The dollar-rupee April contract on the NSE was at 69.71 in the previous session. April contract open interest increased 7.23% in the previous session, said ICICIdirect. We expect the USD-INR to meet supply pressure at higher levels. Utilise the upsides in the pair to initiate short positions, it added.
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Dow Jones and S.&P. Slide Again, Dropping by More Than 4%

By HUBLI SBI -
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Dow Jones and S.&P. Slide Again, Dropping by More Than 4% By  MATT PHILLIPS FEB. 5, 2018 Continue reading the main story Share This Page Share Tweet Email More Save 1300 Photo Credit The New York Times Since the global financial crisis a decade ago, a few simple guidelines have helped investors make sense of the markets. Global growth and inflation will be perpetually weak. Central banks will help by keeping interest rates low. And stocks will almost invariably rise. The rule book is now changing, a shift that is sending tremors through the financial markets. The Standard & Poor’s 500-stock index fell by more than 4 percent on Monday, deepening its losses from the previous week and erasing its gains for the year. The Dow Jones industrial average sank by 4.6 percent. Bond yields, the basis for key borrowing costs such as mortgage rates, have risen fast in recent weeks. MARKET SNAPSHOT  7:15 PM View Full Overview FTSE 100 –2.05% NIKK...
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