The rupee started the new year on a weak note, depreciating by 6 paise to 83.22 against the US dollar amid a muted trend in domestic equities and dollar demand from importers. Forex traders said the rupee traded in a narrow range in the absence of global cues. Global crude oil markets were closed for … Read more
The Indian rupee surged against the US dollar while the 10-year government bond yields dropped on Thursday after a dovish US Federal Reserve outcome raised hopes of more interest rate cuts next year. The rupee opened 13 paise higher at 83.27 a dollar as compared to previous close of 83.40. The 7.18%, 2033 10-year G-Sec … Read more
The Indian Rupee is hovering close to the lows for the year. The rupee started Thursday’s session at 83.282, marking a slight decrease of 0.08 compared to its previous closing rate of 83.35. Presently, the US Dollar/Indian Rupee FX Spot Rate stands at 83.2725, experiencing a marginal decline of 0.093%. Concurrently, the US Dollar Index … Read more
The rupee appreciated 5 paise to close at 83.32 (provisional) against the US dollar on Wednesday, helped by a bullish trend in domestic equities and sustained foreign fund inflows. Forex traders said elevated American currency in the overseas markets and dollar buying by the Reserve Bank of India (RBI) capped sharp gains for the local … Read more
COLOMBO: Union Finance Minister Nirmala Sitharaman on Friday appreciated the State Bank of India (SBI) for becoming the first foreign bank in Sri Lanka to successfully launch a pathbreaking direct Sri Lankan Rupee-Indian Rupee trade. Sitharaman, who is on a three-day official visit to the crisis-hit island nation, along with P.S.M. Charles, the Governor of … Read more
InCred Equities on Jio Financial Services Limited Not Rated | TP: NA The euphoric valuations are here to stay 1. Jio Financial Services (JFS), which was demerged from Reliance Industries Ltd (RIL), will be listed on Indian stock exchanges on August 21, Monday. RIL shareholders as of the record date of July 20 has received … Read more
tock Market on July 31, 2023 | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets. You have updates ALL UPDATES July 31, 2023 11:06 Nifty prediction today – July 31, 2023: Go long on a break above 19,800 The Nifty … Read more
The end of dollar supremacy is not a far-fetched dream. As regional integrations grow stronger and discussions of using alternative regional currencies for settlements gain traction, the dominance of the dollar will gradually diminish and eventually be replaced. However, this transition will not occur in the immediate future, contrary to what some may want us … Read more
Updated Apr 2, 2023, 03:29 PM IST Recently, Commerce Secretary Sunil Barthwal said India is ready to trade in Indian rupee with countries which are “facing currency failure or have dollar shortage”. Speaking after the unveiling of Foreign Trade Policy (FTP) 2023 which seeks to increase India’s exports to USD 2 trillion by 2030, the … Read more