S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Indian rupee hovered around 94.2 per dollar, extending gains to a six-week high as improving capital flows lifted investor sentiment. Market participants reported an improvement in foreign-exchange flows, with increased investment into Indian bonds and a slowdown in foreign equity outflows helping strengthen demand for the local currency. This marks a shift from the one-sided dollar demand that had pressured the rupee in recent weeks. The decline in crude oil prices following easing geopolitical tensions has reduced pressure on India’s import bill. Interbank market sentiment has also improved, with traders becoming more willing to take positions on both sides of the market rather than consistently buying dollars on dips, reflecting increased confidence in the rupee. However, the rupee’s gains remain challenged by a stronger dollar, with expectations of tighter Federal Reserve policy boosting demand for the greenback amid persistent inflation concerns.
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