Indian markets ended Friday with a sharp decline, but late economic growth data has changed the mood in the short term. The BSE Sensex fell 961 points or 1.17% to close at 81,287. During the day, more than 1,000 points had fallen. In one session, investors lost around Rs 4.98 lakh crore in market value […]
The rupee witnessed high volatility in early trade on Wednesday as support from falling crude oil prices was offset by uncertainty over the India-US trade deal and continued foreign fund outflows. Forex traders said the main cause of the rupee’s weakness in December was persistent FPI selling in both the equity and debt markets, with […]
The Indian market ended modestly lower on Monday, ending a two-session advance as weakness in auto and financial stocks continued. Sentiment remained vulnerable due to continued foreign outflows, uncertainty over a US-India trade deal and positioning ahead of the potential fallout from Mexico’s sweeping new tariff regime, as the rupee fell to a record low.The […]
The rupee consolidated within a narrow range and settled 6 paise lower at 88.68 (provisional) against the US dollar on Thursday as foreign fund outflows and continued demand for dollars from local importers, including oil companies, put pressure on the local currency.Forex traders said the rupee is trading in a tight range as overnight decline […]