Saurabh Mall
Rupee slips after RBI monetary policy announcement The Indian rupee weakened following the Reserve Bank of India’s monetary policy announcement, slipping to 90.05 against the US dollar. This marked a decline of 16 paise from the previous close of 89.89. Market movement at a glance Opening/previous close: 89.89 Latest level: 90.05 Change: -0.16 (16 paise) … Read more
The 30-share BSE Sensex climbed for the second straight session, closing higher after a brisk intraday rise. The index gained 447.05 points, or 0.52%, to finish at 85,712.37, after touching an intraday high of 85,796.72 — up 531.4 points or 0.62% at one point during the day. Market snapshot Closing level: 85,712.37 Daily gain: 447.05 … Read more
Rupee Firms, Touches 89.69 Against US Dollar The Indian rupee opened at 89.85 against the US dollar in the interbank foreign exchange market and strengthened further in early trade, touching 89.69. This marks a gain of about 20 paise from the previous session’s close. Intraday Movement at a Glance Opening rate: 89.85 per US dollar … Read more
Markets stay quiet as foreign money keeps leaving Investor activity slowed as persistent foreign fund outflows and mixed signals from global markets kept many on the sidelines. With capital moving out and volatility choppy overseas, local trading lacked conviction and volume remained muted. Why investors are hesitant Foreign fund outflows: Steady withdrawals from foreign investors … Read more
The currency market found some relief on signs of a softer dollar after weaker-than-expected US ADP payroll numbers, while talk of possible Reserve Bank intervention helped steady the local unit. Traders said the combination reduced near-term volatility and eased one-sided moves against the currency. Why the dollar softened The US ADP payroll report, which measures … Read more
Why the rupee is feeling the heat The Indian rupee has come under renewed pressure as several factors converge. Selling by foreign investors, a jump in global crude oil prices and delays in the announcement of an India‑U.S. trade deal have all weighed on the currency. Together, these forces are nudging the rupee lower against … Read more
Price slide snaps eight-day winning streak The white metal fell below $57 an ounce, after losing more than 2% in the previous session and ending an eight-day run of gains. The pullback came as investors reassessed fresh buying that had pushed prices higher in recent days. What happened After a sustained rally, the market saw … Read more
Undervalued currency may be a magnet for returning investors Analysts note that when a currency becomes sharply undervalued, history shows it often draws foreign investors back into local assets. That renewed demand can cushion the currency and limit further falls, even after a period of weakness. Why undervaluation attracts capital A deeply discounted exchange rate … Read more
The rupee slid to an all-time low of 90.42 on Thursday, extending an eight-month decline that has made it Asia’s worst-performing currency. The move highlights growing pressure on the currency and raises fresh questions about policy responses and economic fallout. What happened Trading pressures pushed the rupee past the previous record, reflecting sustained weakness over … Read more
Seizures Concentrated Before July 2024 Duty Cut Nearly half of the total seizures were made during the period prior to import duty reduction by the Government in July 2024. That timing raises questions about how traders and enforcement agencies responded to the planned policy change. What the numbers may indicate The concentration of seizures before … Read more