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Source: Live Mint Mumbai, The rupee registered the third straight session of fall and depreciated 30 paise to close at 86.73 against US dollar on Thursday, weighed down by the strength of the American currency in the overseas markets and rising crude oil prices. Forex traders said the rupee depreciated for the third consecutive day,…
Source: Live Mint Indian markets will likely be among the top three in Asia to attract foreign inflows once tariff-related uncertainties ease, with the rupee and local currency-denominated bonds benefiting the most, an executive from BofA Securities told Reuters. “India within Asia should be one of the best markets for investments as they have a…
Source: Live Mint The Indian rupee extended its fall on Friday, declining by 30 paise against the US dollar, as intensifying geopolitical tensions between India and Pakistan sparked risk-off sentiment in the market. Increased demand for the US dollar also dented investor sentiments. Rupee depreciated 30 paise to open at 85.88 against the greenback on…
Source: Live Mint Mumbai: The Indian rupee fell nearly 1% on Thursday amid rising tensions between India and Pakistan. The domestic currency opened at 84.61 and moved between an intra-day high of 84.52 and a low of 85.77 against the dollar. It closed 89 paise lower at 85.72 after ending at 84.83 against the dollar…
Source: Live Mint The Indian rupee braved multiple headwinds in April including U.S. trade policy flip-flops and India-Pakistan tensions to come out stronger on the back of inflows into equities and as exporters ramped up dollar sales. On the last trading day of the month, the local unit touched its year-to-date high and closed at…
Source: Live Mint India’s Nifty 50 and Sensex indices have logged their strongest weekly run since February 2021, gaining nearly 4% this week and offering much-needed relief for bargain hunters after plunging 14% from their September highs. But the real stars were the Nifty Smallcap 250 and Nifty Midcap 100, which jumped 8% and 7%,…
Source: Live Mint Mumbai, Feb 10 (PTI) The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but settled on a flat note at 87.50 (provisional) on suspected RBI intervention. The American currency gained in the overseas market…
Source: Live Mint Expert view: Devang Kabra, co-fund manager at Wallfort PMS, expects the government to maintain fiscal prudence in Budget 2025. In an interview with Mint, he said the Indian stock market expects the Budget not to have any negative surprises. The distribution of freebies and social security for the poor should not be…
Source: Live Mint Foreign portfolio investors (FPIs) have withdrawn ₹64,156 crore from the Indian equities market so far in January 2025, in an unabated exodus amid Rupee depreciation, rise in United States bond yields and expectations of an overall tepid earnings season, according to a PTI report. The selling shows a reversal in investor sentiments…
Source: Live Mint New Delhi, Jan 19 (PTI) Rupee is expected to appreciate a bit and stabilise around 85-86 a dollar in the coming weeks with RBI’s continued focus on stability of the domestic currency, Deloitte economist Rumki Majumdar said. She said that the rupee may not now see the level of 83 despite RBI’s…
