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Tag: Weak Rupee

Weak rupee, Asian markets pull indices lower; banking stocks aid in recovery

Mumbai: The key domestic equity indices ended on a flat-to-negative note on Monday, as a weak rupee and broadly negative Asian markets weighed down investors sentiments. However, positive macro-economic update, marginal foreign fund inflows and a rise in banking stocks after State Bank reported a profit for the second quarter aided the indices to pare some […]

Rupee sees high volatility
Rupee weakens 23 paise to 73.79 against US dollar in early trade

Mumbai: The rupee depreciated 23 paise to 73.79 against the US dollar in early trade Tuesday as the American currency strengthened overseas. Dealers attributed the rupee’s fall to increased demand for the US currency from importers and sustained foreign fund outflows. Besides, domestic equity market opening with losses, also weighed on the rupee, they said. […]

BSE
Global cues, rupee dent equity indices; Sensex down over 400 points

Mumbai: Broadly negative Asian markets, along with a slightly weak rupee and a marginal rise in global crude oil prices dragged the key domestic equity indices in the red during Friday’s trade session. The Indian rupee opened on a weaker note at 73.62 to a US dollar from its previous close against a greenback, whereas […]

Infosys
Weak rupee benefited Infosys in Q2: CFO

Bengaluru: A weakening rupee against a strong US dollar benefited Indian software export major Infosys in the second quarter of fiscal 2018-19, said its Chief Financial Officer (CFO) M.D. Ranganath on Tuesday. “We benefited 80 basis points (0.8 per cent) due to depreciating rupee during the quarter. We also got benefit of another 70 basis […]

Global cues, rupee subdue equity indices

Mumbai: Broadly negative global cues, along with a weak rupee and a rise in global crude oil prices subdued the key domestic equity indices during Monday’s morning trade session. The Indian rupee opened on a weaker note at 73.80 to a US dollar from its previous close of 73.57 against a greenback. In addition, heavy […]

Gold1
Gold falls Rs 70 on global cues, weak demand

New Delhi: Gold prices drifted lower by Rs 70 to Rs 32,050 per 10 grams at the bullion market Saturday, snapping a three-day rising streak on the back of weak global cues and easing demand from local jewellers. Silver also dropped by Rs 100 to Rs 39,400 per kg on reduced offtake by industrial units […]

sensex
Asian cues, weak rupee subdue equity indices

Mumbai: Asian cues, along with a weak rupee subdued the key domestic equity indices during Monday’s morning trade session. However, a slight fall in Brent crude oil price aided in arrest of the sharp fall. In addition, heavy selling pressure in consumer durables, capital goods and auto stocks led the fall. The barometer S&P BSE […]

sensex
Sensex plummets 760 points on weak rupee, likely RBI hike

Mumbai: India’s benchmark equity index, the S&P BSE Sensex, plunged over 700 points in the afternoon session on Thursday, as a steady decline in the domestic currency and concerns that the central bank would raise the policy interest rate soured investor sentiments. The wider Nifty50 of the National Stock Exchange also lost 240 points. The […]

Weak rupee, global cues subdue equity indices; energy stocks dip

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 […]

US rate-hike fear, weak rupee drag equity indices lower

Mumbai: Key Indian equity indices provisionally closed in the red on Thursday as investors remained cautious over another rate-hike in December signalled by the US Federal Reserve. Besides, a weak rupee and heavy selling pressure in consumer durables, banking and automobile stocks added to the downslide of the key indices. However, an upsurge in pharma […]

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