Mumbai: The rupee appreciated by 27 paise to 71.07 against the US dollar in early trade on Friday as gains in domestic equity market enthused investors. At the interbank foreign exchange the rupee opened at 71.19, then gained further ground and touched a high of 71.07, registering a rise of 27 paise over its previous […]
Mumbai: The Indian rupee on Tuesday dropped 7 paise to close at 71.01 against the US dollar as foreign fund outflows and subdued equities weakened forex market sentiment. However, easing crude oil prices and weaker greenback against rival currencies restricted the rupee fall to some extent. Foreign investors pulled out Rs 828.49 crore from Indian […]
Mumbai: To mitigate the impact of economic fallout on financial liquidity due to COVID-19 pandemic, the Reserve Bank of India on Friday announced a set of new measures including a reduction in reverse repo rate. Accordingly, the rate now stands at 3.75 per cent of Liquidity Adjustment Facility (LAF). The reverse repo is an important […]
Mumbai: Indian equity indices, BSE Sensex and NSE Nifty50 ended the day with record closing highs after touching fresh intra-day highs on Tuesday, driven by banking, finance and metal stocks, as encouraging data from another COVID-19 vaccine trial bolstered investor sentiment. A recovering rupee added to the buying momentum, traders said. After touching its lifetime […]
Mumbai: Equity benchmark Sensex plunged 580 points, tracking heavy profit-booking in financial stocks on Thursday amid a weak trend in global markets. After briefly touching its record intra-day high of 44,230 in a volatile session, the 30-share BSE index ended 580.09 points or 1.31 per cent lower at 43,599.96. Similarly, the broader NSE Nifty hit […]
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