JK Tyres & Industries stated on Tuesday that the industry is anticipated to increase at a double-digit rate due to a rebound in demand for compact automobiles and two-wheelers in India during the past two years. “The last couple of years back, when the auto sector was experiencing a slight slowdown because of Covid, the…
Rupee remained unchanged on Tuesday and ended the day at 82.6662 versus the dollar. The Indian rupee has essentially been flat over the previous week, as we predicted. This happened in spite of solid foreign investment and falling crude oil prices. The net inflows of foreign portfolio investors were close to $600 million in the previous…
When the Federal Reserve and other major central banks declared a concerted push to enhance dollar flows into the global financial system, experts suggested the U.S. dollar index is expected to remain bearish in the upcoming days. The announcement was made on March 19 by the Bank of Canada, the Bank of England, the Bank…
Foreign portfolio investor (FPI) inflows have been impacted by the halting of the dollar-to-rupee carry trade, according to analysts. Statistics indicate that in 2022, FPIs sold more than $16.5 billion worth of Indian shares, or $68 million per day. Including GQG investments in the Adani Group, FPI sales in 2023 to date total more than…
FMCG firms anticipate a 5–15% increase in demand for a variety of items, including those in the snacking, beverage, ready-to-eat package, rice product, and soap categories, due to the early start of summer this year. “For the next three months, we anticipate at least a 15% increase in demand. The need for snack items typically…
After numerous U.S. banks crashed and FII unloading resulted, the market saw strong selling for the second consecutive week ending March 17 amid negative global cues. The second part did experience some recovery, though, as a result of financial aid provided to U.S. banks, a decline in the price of crude oil, and predictions that…
The Reserve Bank of India’s (RBI) data supplement revealed on Friday that foreign exchange reserves dropped $2.4 billion to $560 billion for the week ending March 10, its lowest level since early December. After dropping steadily during the whole month of February, the foreign exchange reserves increased $1.45 billion to $562.4 billion last week. According…
After Thursday’s selloff, there was a slight recovery in metal stock prices on March 17. Today, when steel producers signed contracts with the government for the PLI scheme, investors flocked to acquire steel stocks. Union Minister of Steel Jyortiraditya Scindia stated at the PLI Scheme for Specialty Steel MoU signing event that the government intends…
The Indian rupee fell against the dollar on Thursday as worries over a European lender dampened overall risk sentiment, but it still managed to hold onto the higher side of a previous resistance level of 82.80. Compared to its previous closing of 82.59, the rupee closed the day at 82.73 to the dollar. Traders reported…
According to the finance minister, the amount of money in circulation increased from Rs 13 lakh crore in 2014 to Rs 31.33 lakh crore in March 2022. As of March 25, 2022, the currency in circulation which includes banknotes and coins—to GDP ratio was 13.7%, up from 11.6% in March 2014. The amount of money…
