The rupee on Wednesday hit a new low of 82.95 against the US dollar on anticipation of more rate hikes by major central banks across the globe to curb rising inflation.
Indian rupee on Friday fell sharply to its all-time low of 82.33 against the dollar owing to a rise in US bond yields and firming up of crude oil prices.
The Brent crude oil prices in the international market has risen sharply and at the close of Indian market hours, it was $98.39 a barrel, up 1.02 per cent.
The Rs 79.25 mark will act as resistance for rupee and break above Rs 79.25 will trigger short covering for rupee.
The euro and the dollar have reached parity for the first time in 20 years, signalling the market's assumption that the European economy is heading for a deep recession as a result of Russia's invasion of Ukraine
New York: US stocks rose as Wall Street became more optimistic about potential progress in trade negotiations between Washington and its key trading partners while digesting some key economic data. The Dow Jones Industrial Average on Friday jumped 336.25 points, or 1.38 per cent, to 24,706.35. The S&P 500 was up 34.75 points, or 1.32 […]
New Delhi: Sensex gained over 120 points during Wednesday afternoon’s trade session over signs of easing US-China trade tensions and expectation of healthy Q3 corporate results. The third quarter results session will start with the earning announcement of Tata Consultancy Services. The IT major is scheduled to announce its result on Thursday. Globally, investors awaited […]
Mumbai: Indian stocks ended higher on Friday despite negative global cues as financials stocks led the gains on major equity indices. In addition, the sentiments were lifted as the Indian currency strengthened by over 30 paise on Friday to trade at 69.85 per dollar, against the previous close of 70.19 per dollar. The gains by […]
Mumbai:The key Indian equity indices opened on a negative note on Thursday with the S&P BSE Sensex trading around 180 points lower during the morning session. The domestic indices traded lower tracking weakness in the Asian markets. At 9.38 a.m., the Sensex traded at 36,304.64, lower by 179.69 points or 0.49 per cent from the […]
Mumbai: The key Indian equity market indices on Thursday opened higher following a positive trend in global markets. The Sensitive Index (Sensex) of the BSE, which had closed at 35,716.95 points on Wednesday, opened higher at 35,997.29 points. Minutes into trading, it was quoting at 35,961.22 points, up by 244.27 points, or 0.68 per cent. […]
Mumbai: India’s benchmark stock indices followed their Asian peers lower on Tuesday, after an overnight slump on the Wall Street led by technology stocks. The S&P BSE Sensex fell 300 points while the broader Nifty settled below the 10,700-mark. “With regard to the RBI board meeting, the market drew relief from the fact that the […]
Mumbai: Broadly negative Asian markets, along with a slightly weak rupee and profit booking dragged the key domestic equity indices in the red during Monday’s morning trade session. In addition, heavy selling pressure was witnessed in banking, auto and consumer durable stocks. The Indian rupee opened on a weaker note at 72.88 per US dollar […]
Mumbai:The 30-scrip S&P BSE Sensex on Friday opened in the negative territory taking cues from its Asian peers. Heavy selling pressure was witnessed in finance, banking and metal counters. The Sensex of the BSE opened at 33,776.80 from its previous close at 33,690.09 on Wednesday. At 9.20 a.m., the Sensex traded at 33,553.39 down by […]
New Delhi: As the rupee keeps falling to new lows, a top government official on Wednesday said it was a temporary phenomenon and the long-term path for rupee-dollar exchange rate was “quite stable”. He also said the government will soon come out with the list of non-essential imports, which the government had earlier announced would […]
Mumbai: Caution ahead of key macro-economic data points, along with investors’ fears over the rise in global trade protectionist measures subdued the key Indian equity indices on Friday. According to analysts, a weak Indian rupee, coupled with consistent outflows of foreign funds as well as volatile crude oil prices dampened investors’ sentiments. Index-wise, the Nifty50 […]
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