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Source: Live Mint New Delhi, Jan 19 (PTI) Rupee is expected to appreciate a bit and stabilise around 85-86 a dollar in the coming weeks with RBI’s continued focus on stability of the domestic currency, Deloitte economist Rumki Majumdar said. She said that the rupee may not now see the level of 83 despite RBI’s…
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 The US dollar surged after a hotter-than-expected jobs report reinforced speculation that the Federal Reserve will hold off on cutting interest rates again until the second half of the year. The prospect pushed up the currency against almost all of its major peers, driving Australia’s dollar to the lowest since April 2020,…
Source: Live Mint 2025 Market Outlook: CLSA anticipates a challenging year for the Nifty in 2025, driven by an uncertain and risky global macro environment coupled with a near-term economic slowdown in India. The research firm forecasts muted returns for the index due to elevated valuations and underperformance of actual capex spending versus expectations. CLSA…
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a tepid note on Monday tracking sluggish trend in the global markets. Asian markets traded lower today, while the US stock market ended lower last week dragged by losses in technology shares. This week, investors…
Source: Live Mint Deepak Shenoy, Founder and Chief Executive Officer (CEO) of Capitalmind, a financial advisory firm, wants the Reserve Bank of India (RBI) to increase the limit for mutual funds investing in foreign stocks by over 10 times to $50 billion. The RBI has set a limit of $8 billion which Shenoy argued has…
Source: Live Mint Stock Market News: The domestic benchmark indices, Nifty 50 and Sensex, rose on Friday, showing gains in a week marked by reduced trading activity, primarily driven by auto stocks after last week’s significant fall made valuations more appealing. The Nifty 50 climbed 0.27% to close at 23,813.4 for the day, while the…
Source: Live Mint Not long ago gold seemed to have lost its lustre. In the decades after President Richard Nixon abandoned the gold standard in 1971, the yellow metal fell out of favour with central banks, which hoarded their reserves in dollars instead. In the 1980s and 1990s investors and households grew weary of its…
Source: Live Mint Indian stock market: The domestic equity indices, Sensex and Nifty 50, are expected to open on a flat note Tuesday amid positive global market cues. Asian markets rose, while the US stock market ended higher overnight, with both the Dow Jones Industrial Average and the Nasdaq Composite making it three straight sessions…
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, following losses in global markets. Asian markets traded lower, while the US stock market fell overnight after the release of key economic data. The US producer prices rose more than forecast in November,…
