Latest Updates Around The World
The Indian rupee shocked markets on Wednesday after the Reserve Bank of India (RBI) intervened aggressively to halt a one-way decline, leading to a sharp intraday reversal that reflected how fragile sentiment has become.The rupee rose from near 91 to an intraday high of 89.75 per dollar before falling to around 90.28 even as foreign […]
The rupee witnessed high volatility in early trade on Wednesday as support from falling crude oil prices was offset by uncertainty over the India-US trade deal and continued foreign fund outflows. Forex traders said the main cause of the rupee’s weakness in December was persistent FPI selling in both the equity and debt markets, with […]
What’s happening in the raw materials world? Will the gold price rise next? To find out, ET Markets spoke to Anand Rathi’s Naveen Mathur, who explains what’s driving the currency and bullion markets amid global uncertainty and rate tensions. He also analyzes the recent movements in the dollar and rupee and highlights the key support […]
Even as foreign institutional investors (FIIs) flood Indian IPOs with billion-dollar bids, they don’t really make much money, says Samir Arora, founder and fund manager at Helios Capital Management. In a post on “It is pertinent to point out that when the FII quota is oversubscribed by a hundred times in an IPO, FII investors […]
