Latest Updates Around The World
The Indian rupee, which had fallen dangerously close to $91.1 after five consecutive sessions of losses, made a sharp turnaround on Wednesday after decisive intervention by the Reserve Bank of India. This halted a one-way decline and gave the currency its strongest daily gain in two months.The rupee closed at 90.38 per US dollar, up […]
The Indian market closed lower on Tuesday, with the Sensex and Nifty extending their declines for a second straight session, as continued foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a possible US trade deal contributed to the cautious mood on Dalal Street.The S&P BSE Sensex fell 533 points, […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty extending their declines for a second straight session, as continued foreign portfolio outflows and a weakening rupee kept investors on edge. Lingering uncertainty over a possible US trade deal contributed to the cautious mood on Dalal Street.The S&P BSE Sensex fell 533 points, or […]
The rupee closed at a new low of 90.73 against the dollar on Monday as foreign institutional investors continued to reduce their exposure to Indian equities.The currency devalued 32 paise from Friday’s closing level of 90.41 after hitting an intraday low of 90.80, which is its all-time low. The impasse over the India-US trade deal, […]
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 hit a new all-time low of 90.41 against the dollar on Friday, reflecting strong demand for dollars from importers amid rising global precious metals prices. The currency hit an intraday record low of 90.56 against the dollar.The lack of an India-US trade deal and Mexico’s imposition of protectionist tariffs on India and other […]
The Indian market went on a three-day losing streak on Thursday with the Sensex and Nifty staging a broad recovery after the US Federal Reserve implemented a 25 basis point interest rate cut overnight. The recovery came at the same time as the rupee weakened to a new low amid growing concerns over the lack […]
Analysts said the market is positioning for a stronger dollar as the RBI remains heavily short forwards and adopts a “soft-touch” intervention strategy. The rupee hit a record low on Monday, pressured by factors such as the RBI’s decaying positions in the non-deliverable forward (NDF) market, FIIs continuing to sell in the domestic equity markets […]
The rupee fell to an all-time low of 89.79/$1 intraday before being pulled out of the depths following reported central bank interventions, but still recorded an all-time low of 89.55/$1 as unwinding of short positions by the Reserve Bank of India (RBI) had led to stop losses in the market in the morning, traders said.The […]
