A weak US dollar abroad and encouraging signals from the home equities markets helped the rupee break its three-day losing streak, allowing it to recover 2 paise to 83.23 versus the US dollar in early trade on Friday. Foreign equities investors’ selling pressure along with an increasing trend in crude oil prices was stated by…
As a result of a strong US dollar and unfavorable attitude in the equities market, the rupee fell for the third straight day, losing 6 paise to 83.23 against the US dollar in early trade on Thursday. Despite the fact that crude oil prices were hovering around USD 90 per barrel due to geopolitical tensions…
Tuesday’s early Asian trading saw an increase in oil prices as investors maintained their concern that the Israel-Hamas conflict could spread into a larger battle in the oil-exporting area, potentially disrupting supply. Brent crude prices had risen by 70 cents, or 0.8%, to $90.53 per barrel, while U.S. West Texas Intermediate crude futures had gained…
Despite a number of events unfolding both domestically and globally over the past few weeks, the rupee has been trading in a limited range with little volatility. Due to a lack of domestic cues, active RBI intervention is keeping volatility in control, and it is anticipated that this will continue throughout the next several weeks…
For the majority of fast-moving consumer goods (FMCG) companies, rural growth has remained lacklustre for the second consecutive quarter of FY24, suggesting a lag in the hinterlands’ recovery. For FMCG firms, a rebound in rural areas is crucial because over one-third of their overall sales come from these areas. According to market watchers, a strong…
In response to rising oil prices, the Indian rupee faces a record-low danger this week, and bond investors will be watching the central bank’s decision on debt sales. On Friday, Brent crude gained 5.7% as investors priced in the likelihood that the Middle East war could worsen as a result of Israel’s start of military…
With traders being cautious as they kept an eye out for potential supply disruptions due to military hostilities between Israel and the Palestinian Islamist organization Hamas, crude oil prices fell by -0.32% to 7161. As the skirmishes stoked concerns that the violence would move outside of Gaza, Brent and WTI both increased by more than…
Despite favorable domestic macroeconomic statistics, the rupee traded flat at 83.24 against the US dollar in early trade on Friday. This was due to the rising trend in crude oil prices. According to currency analysts, the ongoing flight of foreign funds amid weak Asian equities markets has put pressure on the Indian rupee. The rupee’s…
On Tuesday, the rupee lost 15 paisa to settle at 83.21 (provisional) against the US dollar as poor domestic equities and a strong US dollar dampened investor optimism. Forex traders claimed that the rupee was under pressure to fall due to subdued domestic macroeconomic indicators and ongoing FII withdrawals. The local currency started out at…
Earlier in the month, the rupee weakened and fell to an all-time low after data showed the trade deficit widened to a 10-month high of $24.2 billion in August from $20.7 billion the previous month. At the end of the week, JP Morgan announced the inclusion of India in its emerging market index. The Index…
