Bullion tips : Rupee high 24 paise against USD as oil regained

Currency Updates : The INR(rupee) went high 24 paise to 66.78 against the US(United States) dollar in early trade on Friday Bullion Tips amid hopes that a regained in mcx crude oil prices world wide may halt outflows from emerging markets (EMs).

The rupee had closed 7 paise lower to settle at a fresh 29-month low of 68.02 on yesterday. Most Asian currencies were trading higher against the greenback. Korean won ahead 0.77 per-cent. Taiwanese dollar (up 0.46 per-cent), Malaysian ringgit (up 0.44 per-cent), Indonesian rupiah (0.27 per cent) and Thai baht (0.14 per-cent) remained some Asian currencies which rose in Friday's trade. 

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Sensex slides, Nifty-50 under pressure 4 Jan, 2016

The Nifty-50 today, came under pressure to break below its critical support level of 7,950, weighed down by losses in IT, oil & gas,banks, metal and auto stocks.Click For Bank nifty futures tips

Today, the S&P BSE Sensex tumbled more than 150 points in morning trade, tracking Asian markets which were trading lower after China factory activity contracted & the chinese currency yuan weakened to near a 5-year low.

The INR(rupee) fell 17 paise to 66.31 against the US(United States) dollar in early trade on today after weak Chinese manufacturing PMI readings sparked selling across Asian currencies. Native currency ended at 66.14 against the greenback on Friday previous week.

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Today Asian equities delivered some last-minute Christmas cheer

Today's news : Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday. Oil prices recovery boosted energy stocks in the areas, with US crude nearly 1 per-cent high in Asia trading following a 4 per-cent rally overnight.

Data on yesterday displayed inventories of US crude fell by 5.9 million barrels in the previous week, compared with estimations for an increase of 1.1 million barrels.

More healthy economic data saw all 3 major US(United States) averages rally 1 per-cent overnight, their 3rd day of gains. U.S. personal consumption expenditures rose 0.3 per-cent on-month in Nov after remaining flat in Oct month, contributing to the market's optimistic mood one day after better-than-expected 3rd-quarter growth data.

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Commodity updates : Equities extend holiday rally 24 Dec, 2015

Today's news : Asian equities delivered some last-minute Christmas cheer, continuing to rally on the last full trading day of the week before the holiday. Oil prices recovery boosted energy stocks in the areas, with US crude nearly 1 per-cent high in Asia trading following a 4 per-cent rally overnight.

Data on yesterday displayed inventories of US crude fell by 5.9 million barrels in the previous week, compared with estimations for an increase of 1.1 million barrels.

More healthy economic data saw all 3 major US(United States) averages rally 1 per-cent overnight, their 3rd day of gains. U.S. personal consumption expenditures rose 0.3 per-cent on-month in Nov after remaining flat in Oct month, contributing to the market's optimistic mood one day after better-than-expected 3rd-quarter growth data.

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