Latest Updates Around The World
The Indian rupee ended slightly higher on Tuesday, breaking its four-day losing streak as state-owned banks and foreign lenders sold dollars.However, importers took advantage of this move to increase hedging, which bankers said dampened profits. The local currency opened at 90.2150 and rose to an intraday high of 90.09, supported by dollar offers from state-owned […]
The Indian rupee closed marginally weaker on Wednesday, hurt by portfolio outflows and routine hedging demands from local importers, while periodic dollar sales from state-owned banks cushioned the currency’s fall.The rupee closed at 89.27 against the US dollar, slightly weaker than the previous close of 89.22. Growing expectations of a rate cut by the US […]
Foreign institutional investors (FIIs) have quietly increased their stakes in most state-owned lenders in the September 2025 quarter, signaling renewed confidence in India’s public banking sector. The incremental purchases, spread across almost every major PSU bank from Bank of Baroda to State Bank of India, come as the Nifty PSU Bank index rose nearly 9% […]
