October 30, 2023 04:27 PM ISTThe rupee closed at 83.25, little changed from its close at 83.2450 in the previous session. The currency traded in a narrow 83.2450 to 83.27 range in the spot session.
October 27, 2023 05:58 PM IST In the previous reporting week, the overall reserves had increased by USD 1.153 billion to USD 585.895 billion.
October 27, 2023 11:06 AM IST Central banks in Asia are entertaining muscular tactics to shore up faltering currencies. Letting currencies weaken too much can jeopardise financial stability and fuel inflation. Indonesia got the message. Now other countries like Malaysia and South Korea may follow suit
October 26, 2023 03:59 PM IST Forex markets were closed on Tuesday on account of Dussehra. Analysts attributed the strengthening dollar to a record rise in the US Treasury yields after positive data on home sales in the US on Wednesday.
October 26, 2023 10:25 AM IST US bond yields have reached the highest level since 2007. Interestingly, in a break from tradition, gold and crude prices are also rising along with the yields, thanks to the global geopolitical uncertainties.
October 23, 2023 04:18 PM IST Easing crude oil prices and a flat greenback in the overseas markets helped cap the rupee's fall, forex dealers said.
October 19, 2023 04:29 PM IST The Indian currency came close to testing its record low of 83.29, hit in October 2022, towards the end of the spot trading session.
October 17, 2023 08:29 AM IST In this episode of Market Minutes, Lovisha Darad discusses about how the markets are expected to fare amid the second quarterly earnings season. HDFC Bank and Jio Financial Services reported positive net profit growth year-on-year (YoY) in Q2FY24 on October 16. So will this instill some strength in equity markets ailing from Israel-Gaza war and boiling crude prices? On October 17, all eyes will be set on Q2 results of Bajaj Finance. Also, catch Jigar Trivedi of Reliance Securities on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
October 13, 2023 08:35 AM IST Non-deliverable forwards indicate rupee will open at around 83.25 to the U.S. dollar, just short of its record low of 83.29, and nearly unchanged from the previous session.
October 13, 2023 06:33 AM IST U.S. consumer prices were pushed higher by a jump in rental costs in September, data showed on Thursday.
October 06, 2023 09:18 AM IST Meanwhile, Asian currencies are trading weaker after dollar gains as traders await US non farm payrolls to confirm whether the labour market is softening
October 06, 2023 12:00 AM IST The $5 bill had been Australia's only remaining bank note to still feature an image of the monarch.
October 04, 2023 09:14 PM IST The dollar did retrace some of its losses after U.S. factory orders gained 1.2% in August, compared with expectations of a 0.2% rise.
October 04, 2023 09:16 AM IST The latest US Job Openings report surprised with a rise of approximately 9.6 million openings, raising concerns of another rate hike by the Fed that sent treasury yields to a 16-year high
September 28, 2023 03:06 PM IST Chinese Yuan has slumped around 6 percent during this time. In comparison, the Indian rupee has slipped only marginally by 0.5 percent against US dollar YTD.
September 26, 2023 10:28 PM IST According to a recent World Bank report, the economy steeped in unemployment and abject poverty of the vast majority is now facing deflation.
September 25, 2023 05:43 PM IST The Japanese currency remained within striking distance of 150, a level which some market watchers saw as a line in the sand that would spur forex intervention from Japanese authorities similar to that of last year.
September 25, 2023 04:05 PM IST Subdued equity markets and withdrawal of foreign funds also weighed on the domestic currency, forex traders said.
September 24, 2023 03:42 PM IST The inclusion of Indian government bonds into JPMorgan's benchmark emerging market index will widen the investor base, and may lead to an appreciation of the Indian Rupee, said Chief Economic Advisor V Anantha Nageswaran on September 22. Here is what the experts have to say
September 22, 2023 09:23 AM IST JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index (GBI-EM) starting June 28, 2024
September 21, 2023 09:32 AM IST The US Fed's signal of another 2023 hike and smaller-than-expected interest rate cut in 2024 is concerning for Asian markets as it tightens monetary conditions and can restrict foreign capital inflow into the region
September 12, 2023 03:27 PM IST To make the e-rupee popular, the RBI needs to address the deep-seated preference for cash, the ubiquity of UPI, and the need to strike a balance between innovation and familiarity
September 12, 2023 09:15 AM IST Indian rupee strengthened marginally against US dollar tracking gains in local equity and Asian currencies markets.
September 11, 2023 01:56 PM IST Gold holds firm as events, including the state of the global economy and the strengthened of the US dollar in relation to other currencies.
September 11, 2023 09:17 AM IST Analysts wait for consumer price inflation data which will be released on September 12 amid rise in crude oil. According to a poll, CPI will likely be at 7.1 percent in August against 7.44 percent in the previous month
