Rupee Vs Dollar Today: Indian Currency Opens Weaker

Rupee opened 4 paise lower at 87.37 against the US Dollar. It closed at 87.33 on Monday.

Source: Bloomberg

The dollar index is 0.13% lower at 103.80. Brent crude was flat at $69.28.

Dollar Check

The US Dollar index is down 0.19% at 103.73.

  • Euro was down 0.18% at 0.9211.

  • Pound was down 0.09% at 0.7758.

  • Yen was down 0.19% at 146.99.

Markets Should Be Ready For Further Volatility, Says Nomura’s Sonal Varma

The financial markets should be ready for more volatility Sonal Varma, Managing Director and Chief Economist (India and Asia ex-Japan) Nomura told NDTV Profit. She further said that there could be weaker global growth in the next one year.

The US is likely to see weaker growth if it does implement the tariffs on April 2, added Varma. However, she said the administration is ready to take on some short term pain. This could likely lead to disinflation in emerging markets.

Talking about India she said that global supply chains shifting from China in the medium term would benefit us.

Stock Market News Live: Global Check

Stocks in the Asia Pacific region extend fall for the third consecutive sessions on Tuesday taking cue from the meltdown in US stocks and amid fear that tariffs and government firing will stall economic growth in US.

South Korea’s Kospi fell 2.08%, or 53.38 points, to 2,517.01 while Australia’s S&P / ASX 200 was down 1.60% at 7,834.60 as of 7:10 a.m. Markets in Japan and Hong Kong fell on Tuesday, while the benchmark index in China were relatively flat.

This comes after S&P 500 fell 2.7% on Monday, while the Nasdaq Composite slipped over 3% making it the worst day for the index since 2022. The Dow Jones Industrial Average fell over 2% on Monday.

Stock Market News Live: GIFT Nifty Indicates Negative Open

The GIFT Nifty was trading near 22,300 early Tuesday. The futures contract based on the benchmark Nifty 50 fell 0.48% to 22,387 as of 7:36 a.m., indicating a negative start for the Indian markets.

The benchmark equity indices ended Monday’s session in the red, snapping Nifty’s three-day winning streak. The NSE Nifty 50 ended 92.20 points or 0.41% lower at 22,460.30, while the BSE Sensex closed 217.41 points, or 0.29% down at 74,115.17.

. Read more on Markets by NDTV Profit.GIFT Nifty fell 0.48% to 22,387 as of 7:36 a.m., indicating a negative start for the Indian markets.  Read MoreMarkets, Business, Notifications 

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