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Source: Live Mint MUMBAI (Reuters) – The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a trade war and foreign portfolio outflows persisted, pushing the rupee to its lifetime low past the 87 handle. The Reserve Bank of India cut its key interest…
Source: Live Mint Mumbai (Maharashtra) [India], January 25 (ANI): Foreign Portfolio Investors (FPIs) have been consistently selling their holdings in the Indian stock markets. According to data from the National Securities Depository Limited (NSDL), FPIs sold equities worth ₹19,759 crore during the week from January 20 to January 24. The data further revealed that in…
Source: Live Mint MUMBAI (Reuters) – The Indian rupee will likely inch up at the open on Wednesday, tracking an uptick in most of its Asian peers, following which it is expected to have to contend with demand for the U.S. dollar from importers and speculators. The 1-month non-deliverable forward indicated that the rupee will…
Source: Live Mint Indian Stock Market: Indian markets managed to end higher for the second consecutive trading session on Wednesday, January 15, as heavyweights such as Reliance Industries, State Bank of India, and Kotak Mahindra Bank supported the frontline indices. Mid- and small-cap stocks also witnessed healthy buying interest from investors for the second day…
Source: Live Mint MUMBAI – The Indian rupee dropped past 86 per U.S. dollar for the first time ever on Monday following a blowout U.S. jobs report that compounded the pressure from weak inflows and higher hedging activity. The rupee declined 0.4% to a lifetime low of 86.3900 per dollar, tracking the weakness in Asian…
Source: Live Mint MUMBAI, Jan 3 (Reuters) – The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. The rupee ended at 85.77 to the dollar, compared to its…
Source: Live Mint MUMBAI – The Indian rupee was slightly stronger on Monday as most regional currencies rose, while very-near-tenor dollar-rupee swap rates surged to unusually high levels amid panic bids, according to traders. The rupee was at 85.4750 against the U.S. dollar as of 11 a.m. IST, up from its close of 85.5325 in…
Source: Live Mint MUMBAI, Dec 17 (Reuters) – Indian government bond yields rose on Tuesday, with the benchmark yield inching above the key 6.75% level, after the rupee fell to yet another record low and as investors braced for the Federal Reserve’s monetary policy meeting. The 10-year yield ended at 6.7588%, compared with its previous…
Source: Live Mint The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing…
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…
