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Rupee finally settled at a record low of 83.48 (provisional), registering a fall of 35 paise from the previous close of 83.13. | Photo Credit: The Hindu The Rupee depreciated 35 paise to settle at an all-time low of 83.48 against the American currency on March 22, tracking a surging greenback against major crosses in…
Read More “Rupee falls 35 paise to hit all-time low of 83.48 against U.S. dollar” »
Strong growth accompanied by stable inflation and external account and progressive employment outlook will help the Indian economy close the current financial year on a positive note. Representational file image. | Photo Credit: Reuters The Finance Ministry on March 22 said with an uptick in private investment and inflation trending down, India’s outlook for the…
Read More “India’s outlook for next fiscal positive: Finance Ministry” »
India reversed a laptop licensing policy after behind-the-scenes lobbying by U.S. officials, who however remain concerned about New Delhi’s compliance with WTO obligations and new rules it may issue, according to U.S. trade officials and government emails seen by Reuters. In August, India imposed rules requiring firms like Apple, Dell and HP to obtain licences…
Read More “How the U.S. lobbied India to reverse laptop rules” »
Image used for representational purpose only. | Photo Credit: Reuters Benchmark equity indices tanked in early trade on March 22, surrendering their two days of rally, dragged down by IT stocks, weak trends from Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex tanked 413.36 points to 72,227.83. The NSE Nifty skidded 86.8…
Read More “Markets fall in early trade dragged by IT stocks, weak trends from Asian peers” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee declined 20 paise to 83.33 against the U.S. dollar on March 22 due to a stronger greenback in the global markets and dollar buying by importers. At the interbank foreign exchange market, the local unit opened lower at 83.28 against the previous close…
Read More “Rupee declines by 20 paise to 83.33 against dollar in early trade” »
Traders react after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, | Photo Credit: REUTERS A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the central bank stuck with its rate cut projections for 2024 despite stronger-than-expected economic…
Read More “Steady Fed outlook lifts stock market’s hopes for ‘soft landing’” »
The Kudankulam nuclear power project in Tamil Nadu. | Photo Credit: REUTERS The story so far: On March 21, Brussels hosted the first-ever Nuclear Energy Summit, co-chaired by the Prime Minister of Belgium Alexander De Croo and the Director General of the International Atomic Energy Agency (IAEA) Rafael Mariano Grossi. Several world leaders joined the…
The Bombay Stock Exchange in Mumbai. File Benchmark equity indices Sensex and Nifty surged nearly 1% on Thursday in tandem with a rally in global markets after the U.S. Fed projected three rate cuts this year. Rising for the second day, the 30-share BSE Sensex jumped 539.50 points or 0.75% to settle at 72,641.19. During…
Read More “Sensex, Nifty surge amid global markets rally on U.S. Fed rate cut plans” »
Rupee hit an intra-day high of 83.04 and a low of 83.16. File | Photo Credit: The Hindu The Rupee appreciated six paise to close at 83.13 (provisional) against the U.S. dollar on March 21, supported by a firm trend in domestic equities and a weak greenback amid rising appetite for riskier assets. At the…
Read More “Rupee rises six paise to close at 83.13 against U.S. dollar” »
Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded 14 paise to 83.05 against the U.S. currency in early trade on Thursday as the dollar retreated from high levels in global markets after the U.S. Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened…
Read More “Rupee rebounds 14 paise to 83.05 against dollar as U.S. Fed indicates 3 rate cuts” »
