The hike remained largely a non-event for the leveraged plays that gained from improved
market sentiments.
The rupee remained comfortable owing to lesser demand and inflows from friendly countries, which lifted
market sentiments. The demand from importers and corporate sector was met by remittances and export receipts.
Market sentiments have changed lately, with banks and hedge funds trading oil futures and options while removing new bets from falling oil prices, changing back into rising oil price bets.
Bajwa said the dollar rate is dependent on two factors: macroeconomic fundamentals and
market sentiments.
Speaking to reporters in Lahore earlier today, Bajwa said the dollar rate is dependent on two factors: macroeconomic fundamentals and
market sentiments.
Espenilla was commenting on some of the
market sentiments that equity and the exchange rate could receive some reviving support if and when the BSP decides to move policy stance - which last saw action back in September 2014.
Index started on a bearish note as political noise kept the index in check, however
market sentiments started to change towards the latter half of the week.
down sharply with some of them have even plunging into losses, have also weakened
market sentiments.
sank on its trading debut on Thursday, pulled down by weak
market sentiments and reported damage to a recently acquired resort in Coron, Palawan, because of Supertyphoon "Yolanda."
The
market sentiments have turned positive due to a revival in the emirate's real estate sector after a prolonged slump.
Criticising arguments about
market sentiments, Orphanides said that
market sentiment was insignificant as long as the Greek government firmly implemented economic reforms.
The KCA spot rate stood at Rs 6,450 per maund while strong physical price dominated the
market sentiments during the trading session, said a floor broker.