After three consecutive months of heavy selling, foreign portfolio investors (FPIs) turned net buyers in the first week of February, bringing in over Rs 8,100 crore of Indian equities, helped by improving risk sentiment and a trade deal with the US.The inflows follow sustained withdrawals in recent months, with FPIs withdrawing Rs 35,962 crore in […]
The rupee gained a solid 97 paise to close at 89.27 against the US dollar on the last day of the week as the currency fell above 91 for the first time ever.This was the third straight day of appreciation, recovering from an all-time low of 91.08 on Tuesday. This is also the strongest closing […]
Indian government bonds rose in early deals on Tuesday, building on the previous session’s rally, with dovish comments from the central bank chief boosting expectations for a rate cut next month. The benchmark 10-year yield stood at 6.5085% at 10.20 am IST, after hitting a two-week low of 6.5017%. During the previous session, it had […]