Latest Updates Around The World
The Indian rupee’s rate was little changed on Monday as usual dollar demand offset inflows, keeping the currency largely within range at the start of the week.The rupee moved in a narrow band of 10 paise to end at 90.65 against the previous close of 90.6350. The rupee had risen earlier this month, supported by […]
The rupee’s fall above 90 per dollar can be used to raise an uncomfortable question: could the Indian currency fall to 100? The decline so far has been steady, not sudden, and is rooted in a mix of weaker exports, heavy foreign outflows and a global environment that continues to favor the US dollar. The […]
The Indian rupee fell to its lowest level in two weeks on Thursday as the outflows compounded the blow of an hawkish stance in Federal Reserve policy that pushed dollar and U.S. Treasury yields higher. The rupee closed at 88.6950 against the US dollar, down 0.6% on the day after hitting a two-week low of […]
The Indian rupid closed a little weaker on Friday and stabilized just above its lowest low, but the sentiment kept skewed against the currency on the back of running trading ripens in the US India and the outflows of portfolio. The currency remained under pressure, even when the dollar was on course to write down […]
Maneesh Dangi, Macro Mosaic Investing & Research, says that despite the worldwide uncertainties, the domestic markets of India remain resilient and well positioned. Equits can perform better than emerging markets in the next 6-12 months, supported by favorable tariff reductions and balanced asset spreads. Although short -term volatility exists, sectors such as domestic consumption, defense […]
