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Source: Live Mint Indian IT stocks continued their winning streak for the fifth straight session on Thursday, December 5, boosted by Federal Reserve Chair Jerome Powell’s remarks at the New York Times DealBook Summit, where he emphasised the resilience of the US economy, which contributes 60-70 per cent of revenue for IT companies. Riding on…
Source: Live Mint The declining value of the rupee against the US dollar presents a mixed impact on various industries. Some sectors are facing challenges, while others, particularly software exporters, are optimistic about potential benefits in the future. A significant portion of Indian IT services companies’ revenue comes from overseas contracts, particularly in North America….
Source: Live Mint Foreign Portfolio Investors (FPIs) extended their selling streak for the second consecutive month in November, but the pace of selling slowed compared to October. According to NSDL data, FPIs withdrew ₹39,315 crore from Indian stocks via exchanges in November. This was significantly lower than the record ₹94,017 crore sold in October, which…
Source: Live Mint The Nifty 50 fluctuated widely in November, driven by concerns over stretched valuations, weak performance by Indian Inc in Q2 and persistent selloffs by foreign investors, causing the index to oscillate consistently between gains and losses. The uncertainty was further exacerbated by global economic headwinds, including rising tensions between Russia and Ukraine,…
Source: Live Mint The Indian rupee slipped to another fresh low of 84.50 against the US dollar in trade on November 22 as the greenback’s steady rise, persistent selling by foreign portfolio investors (FPIs), and escalating geopolitical tensions continued to weigh heavily on the local currency. The US Dollar index, which tracks the dollar’s performance…
Source: Business Standard Indian rupee hovered close to a record low on Tuesday (Photo: Shutterstock) 2 min read Last Updated : Oct 15 2024 | 11:54 AM IST The Indian rupee hovered close to a record low on Tuesday, pressed by a fall in its regional peers, while mild dollar sales from state-run banks…
Source: Business Standard The rupee has remained under pressure this month due to sustained outflows from local equities. (Photo: Shutterstock) 2 min read Last Updated : Oct 14 2024 | 11:07 AM IST The Indian rupee dropped to an all-time low on Monday, weighed down by persistent dollar demand from foreign banks, likely for…
Source: Business Standard Repeated interventions by the Reserve Bank of India (RBI) over the last two months had helped the rupee hold above the key level of 84 per dollar | (Photo: Shutterstock) 2 min read Last Updated : Oct 11 2024 | 12:41 PM IST The rupee breached the 84 mark against the…
Source: Business Standard The rupee rose 1 paisa to 83.95 against the US dollar in early trade on Thursday. (Photo: Shutterstock) 2 min read Last Updated : Oct 10 2024 | 10:09 AM IST The rupee rose 1 paisa to 83.95 against the US dollar in early trade on Thursday amid a firm trend…
Source: Business Standard The rupee appreciated 5 paise to 83.92 against the US dollar in early trade on Wednesday. (Photo: Shutterstock) 2 min read Last Updated : Oct 09 2024 | 10:11 AM IST The rupee appreciated 5 paise to 83.92 against the US dollar in early trade on Wednesday, ahead of the Reserve…
