Latest Updates Around The World
The Indian rupee finished modestly weaker on Wednesday as companies hedged their exposure to the dollar and traders assessed a stronger outlook for the Asian currency, a day after a trade deal with the US sparked the sharpest rally in more than seven years.The rupee fell at 90.4350 per dollar, down 0.2% from the close […]
Indian mutual funds are likely to continue selling government bonds after record sales in January as supply-demand dynamics outweigh optimism over US trade deals for debt investors, five fund managers said. Funds sold net bonds worth 290 billion rupees ($3.2 billion) in January, the most on record, followed by 53 billion rupees on Monday, clearing […]
Benchmark indices Nifty and Sensex rose 4.7% and 4.4% respectively, in one of the biggest single-day gains after India and the US announced a long-awaited trade deal, easing concerns over tariffs that have weighed on Indian markets for months. The benchmark BSE Sensex rose nearly 3,500 points, or 4.4%, to 85,323 in early trade, while […]
GIFT Nifty on the NSE IX rose nearly 600 points or 2.4% to 25,374, indicating Dalal Street is heading for a big upside on Tuesday. This came after the news that India and the US had signed a trade deal.Donald Trump said on his Truth Social platform that he spoke with Prime Minister Narendra Modi […]
The selling comes as the rupee tested a series of lows against the dollar this month, eroding returns for foreigners. Indian government bonds eligible for inclusion in global indexes are on track for record monthly outflows as a weaker rupee and signs the central bank is nearing the end of its rate-cutting cycle weigh on […]
The Indian rupee fell to a lifetime low on Tuesday as weak risk appetite compounded ongoing pressure from hedging demand and portfolio outflows amid continued uncertainty over a US trade deal.The rupee fell to 91.0750 per dollar before ending 0.3% lower at 91.0275. The currency has fallen more than 6% against the dollar this year […]
The Indian currency closed around 52 paise lower compared to the previous close of 89.9650 per US dollar. On Thursday, the INR surpassed the previous week’s record low of 90.43 per dollar The rupee closed at a record low of 90.4825 per US dollar on Thursday, weighed down by India’s delay in finalizing a tariff […]
Mumbai: The rupee hit its weakest level ever, falling past the psychologically significant 89 per dollar mark for the first time on Friday before closing at 89.49. The rupee weakened nearly 80 paise from its previous close and recorded an intraday low of 89.59 on Friday, LSEG data showed.Among the factors cited by traders were […]
Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) The Reserve Bank of India is not targeting any specific level of the Indian Rupee (INR), Governor Sanjay Malhotra said here on Thursday. He also assured that the central bank has “very good” buffers of foreign exchange reserves and that there is no cause for […]
