Markets week ahead: Will there be more bulls on equities? These factors drive mood

Last week, on Friday, Sensex closed at 57,426.92 higher by 1,016.96 points or 1.80%. Nifty 50 ended at 17,094.35 up by 276.25 points or 1.64%. Heavyweights like Reliance Industries, Bajaj Finance, Bajaj Finserv, HDFC Bank, Bharti Airtel, HDFC, Maruti Suzuki, and ICICI Bank boosted the performance. Banking stocks emerged as top bulls, while consumer durables, … Read more

Ahead of Monetary Policy, T-Bills yields jump 15–30 bps

In the run-up to the bi-monthly monetary policy review, the cut-off yield at the weekly auction of Treasury Bills (T-Bills) on Wednesday jumped about 15–30 basis points week-on-week (WoW), further discounting the possibility of a 50 basis point repo rate hike by the Monetary Policy Committee this week. The cut-off yield on T-Bills at last … Read more

Stock market turmoil continues as Apple warns of slackening demand

A warning by iPhone maker that it would manufacture fewer devices due to slackening demand and an alert sounded by credit rating agency Standard & Poor’s (S&P) about the UK already being in the throes of recession hit global stock markets again on Wednesday. Analysts said pressure is also building on the Reserve Bank of … Read more

Rupee rises 37 paise to 81.30 against US dollar

The rupee appreciated 37 paise to 81.30 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.45 against the dollar, then touched 81.30, registering a gain of 37 paise over its previous close. On Monday, the … Read more

After-effects of Fed’s rate hike crimps rupee

The rupee hit yet another all-time low on Monday, closing above the psychologically crucial 81 mark as global financial markets continued to reel under the after-effects of the US Fed’s aggressive 75 basis points rate hike, which has substantially strengthened the dollar. The Indian unit hit three new record lows on Monday — opened at … Read more

Rupee Hits All-Time Low As Major Currencies Crack Against Dollar

The rupee hit a new record low against the dollar, plunging well past 81.50 per dollar on Monday as the greenback rose sharply to multi-year highs against most major currencies on fears of a global recession from the rising borrowing rates worldwide. Bloomberg quoted the rupee last changing hands at 81.5038 pre dollar, after opening … Read more

Time to invoice oil trade in rupee

The world economy is passing through a very uncertain and volatile global trading environment. This has unleashed supply-chain disruptions with domino effects, leading to catastrophic consequences for the world economy. India is not cushioned from these developments. To deal with these ever-proliferating and interconnected episodes of economic disruption, India has pursued a calibrated strategy of … Read more

Finance Minister Nirmala Sitharaman’s Defense As Rupee At Record Low

Nirmala Sitharaman’s remarks came after the rupee sank to a lifetime low against the dollar. Pune: Finance Minister Nirmala Sitharaman on Saturday said the rupee has “held back very well” when compared to other currencies against the US Dollar. The Reserve Bank and the Finance Ministry are keeping a very close watch over the developments, … Read more

Rupee ‘held back very well’ among peers against USD; RBI & Finance Ministry watching developments, says Sitharaman

FM also asked a reporter to do a study on how the other currencies are behaving against the US dollar in the latest round of depreciation.