Rupee weakens 5 paise to settle at 88.75 against U.S. dollar

Rupee weakens 5 paise to settle at 88.75 against U.S. dollar

Stocks Boost Currency as Markets Close Higher Forex traders said domestic equities ended the session on a positive note, which helped support the domestic unit after it had weakened earlier in the day. A stronger close in the stock market often calms currency pressure by attracting investment flows and lifting investor confidence. Why equities matter … Read more

Sensex inches up in muted trading; snaps two-day falling streak

Sensex inches up in muted trading; snaps two-day falling streak

Markets Held Steady as Profit-Taking Tempered Gains Stock markets traded in a tight range as investors booked profits after recent gains. With no fresh domestic catalysts to propel buying and continuing foreign fund outflows, market movement remained subdued, analysts said. Key reasons behind the rangebound action Profit-taking at higher levels: Traders locked in gains after … Read more

Rupee weakens 5 paise to settle at 88.75 against US dollar

Rupee weakens 5 paise to settle at 88.75 against US dollar

Rupee edges toward record low as dollar strengthens The rupee is moving closer to its all-time low as a combination of foreign fund outflows and a firm US dollar keeps pressure on the currency. Market analysts say the headwinds persist even though local equities showed resilience and crude oil prices eased a little. What’s driving … Read more

Is an NRI liable to pay advance tax on dividend income?

Is an NRI liable to pay advance tax on dividend income?

Interim dividend: the basics A private limited company may declare an interim dividend at any time during the financial year, provided it is paid out of the profits earned by the company during that financial year. In plain terms, this means directors can distribute earnings to shareholders before the year ends — but only if … Read more

RBI defends Rupee after October gains fizzle

RBI defends Rupee after October gains fizzle

Rupee gives up early gains after surprise dollar sales by central bank The rupee briefly strengthened last month but failed to hold those gains after the Reserve Bank of India (RBI) unexpectedly sold large amounts of dollars. The central bank’s intervention aimed to cool speculative moves against the currency, yet the market reversed course soon … Read more

MCap of four of top 10 valued firms jumps by ₹95,447 crore; Reliance biggest gainer

MCap of four of top 10 valued firms jumps by ₹95,447 crore; Reliance biggest gainer

Market caps climb as two stocks drive gains Equity markets saw notable movement in market valuations, with two major firms posting strong increases in their market capitalisation. These shifts reflect renewed buying interest in large-cap stocks and contributed meaningfully to overall market momentum. Reliance Industries posts a hefty jump Increase: ₹47,431.32 crore New market valuation: … Read more