Saurabh Mall
Exchange outage blamed on cooling problem meets trader scepticism An electronic trading platform briefly halted operations after the operator described a technical glitch tied to a cooling system issue at one of its data centres. The explanation drew immediate pushback from traders and market participants, who say critical facilities typically have redundant air-conditioning and other … Read more
Rupee down about 4% this year, but sharp falls not expected The rupee has weakened by roughly 4% year-to-date, but forecasters now see limited room for a steep decline in the near term. “Given that the rupee has already weakened by roughly 4% this year, we do not expect significant further depreciation in the near … Read more
The Indian rupee opened at 89.41 and touched an intra-day low of 89.49 against the U.S. dollar in the interbank foreign exchange market. The modest movement reflects ongoing sensitivity to global and domestic drivers that influence currency flows. Market snapshot Trading started with the rupee at 89.41 and slipped slightly to 89.49 during the session. … Read more
For the week ended November 21, foreign currency assets — a major component of a country’s foreign exchange reserves — fell by USD 1.69 billion, bringing the total to USD 560.6 billion, the data release showed. What this change means Foreign currency assets are the liquid holdings central banks keep in foreign currencies, typically used … Read more
The benchmark 30-share BSE Sensex cooled off after two days of gains, slipping 13.71 points — a decline of just 0.02% — to close at 85,706.67. The small pullback ended the recent short-lived rally and left markets in a cautious mood. Market snapshot The fall was marginal in percentage terms, but it interrupted the positive … Read more
Markets slip as strong dollar and rising oil weigh Global markets retreated after a firmer US dollar and a jump in crude oil prices dented investor sentiment. The combination has raised cost pressures for import-dependent economies and stoked worries about higher inflation and corporate margins. Why the dollar matters A strong greenback makes dollar-denominated commodities … Read more
India’s gold market still follows prices set elsewhere. With limited domestic mining and no formal gold-banking framework, the country effectively accepts the London AM and PM benchmark rates as the reference for bullion traded and imported here. Why India takes prices from abroad Two structural features underpin this dependence: Minimal domestic production — India produces … Read more
Sensex opens higher in early trade The BSE benchmark opened the day on a positive note, climbing 103.96 points to reach 85,824.34 in early trade — a rise of roughly 0.12% from the previous close. Market snapshot Early buying interest nudged the index higher, with traders showing caution as the session began. Movements were modest, … Read more
Gold futures edge higher on MCX Gold futures for December delivery rose by ₹596, or 0.47%, to close at ₹1,26,100 per 10 grams on the Multi Commodity Exchange. The session recorded a business turnover of 4,496 lots, signaling active participation from traders. Price movement at a glance Contract: Gold futures (December delivery) Change: +₹596 (+0.47%) … Read more
Rupee Drifts Lower in Early Trade The Indian rupee opened the interbank foreign exchange market at 89.41 against the US dollar and slipped further to trade at 89.43 in initial deals, marking a decline of 7 paise from its previous close. Opening Numbers The modest fall during early hours shows cautious sentiment among currency traders … Read more