[ad_1] As part of its over ₹1.5 lakh crore liquidity injection into the banking system, the Reserve Bank on Tuesday said it will conduct a USD/INR buy-sell swap auction of USD 5 billion (about ₹43,000 crore) on January 31. Company Value Change %Change The RBI had announced open market operations (OMO) purchase auctions of government […]
Ansid Capital recommends private banks, cautions on IT valuations – CNBC TV18
[ad_1] Anurag Singh, Managing Partner at Ansid Capital, recommends focusing on private sector banks and selectively investing in healthcare. He describes the IT sector as ‘expensive’ in terms of valuations. He also suggests allocating 20-30% to bonds for those timing the market, while advocating steady investments in Nifty companies for consistent long-term value. Anurag Singh […]
Elara Securities expects earnings upgrades for these pharma stocks – CNBC TV18
[ad_1] Bino Pathiparampil, Head of Research at Elara Securities (India), listed the brokerage’s top picks from the pharma sectors that are expected to benefit the most from a falling rupee. “The depreciation in rupee is going to help almost all the players, especially the large players who have big presences in the US. So that […]
Indian Rupee plunges to ₹86.50: Factors behind INR’s sharp fall against the US Dollar – CNBC TV18
[ad_1] On Monday, the Indian rupee recorded its sharpest single-day fall in two years, closing at ₹86.50 and hitting an intraday low of ₹86.58 against the US dollar. The rupee’s drop was notably larger than the declines experienced by other Asian currencies, such as the Thai baht, the Philippine peso, and the Malaysian ringgit, which […]
Rupee at record low: Dealers explain key factors behind the drop – CNBC TV18
[ad_1] The Indian rupee plunged to new lows against the US dollar, crossing the 86.50/$ mark for the first time. This sharp decline places the rupee at the forefront of global currency falls, as it recorded the largest drop among all major currencies. Company Value Change %Change Here are the key drivers of the rupee’s […]
Rupee hits 86 against US dollar, settles 14 paise lower – CNBC TV18
[ad_1] The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Company Value Change %Change Surging crude oil prices overseas and negative sentiment in domestic equity markets […]
Rupee recovers from record low to settle 4 paise higher at 85.87 against US dollar – CNBC TV18
[ad_1] The rupee recovered slightly from its record low and settled with a gain of 4 paise at 85.87 (provisional) against the US dollar on Thursday amid firm American currency and elevated level of crude oil prices. Company Value Change %Change According to forex analysts, relentless selling in domestic equities and outflow of foreign capital […]
Indian rupee set to hit 87/$ by year-end, says Barclays’ Mitul Kotecha – CNBC TV18
[ad_1] The Indian rupee is poised for further depreciation, with Barclays’ Mitul Kotecha projecting the dollar-rupee exchange rate to reach 87 by the end of the year. Speaking to CNBC-TV18, Kotecha noted that the rapid movement toward ₹86 on the dollar has already materialised, and a sharp depreciation from current levels is less likely in […]
Indian banks urge RBI to use FX swaps as liquidity crunch worsens – CNBC TV18
[ad_1] Indian lenders have urged the central bank to address a liquidity crunch by deploying foreign-exchange (FX) swaps, as short-term currency financing costs hit a four-year high, according to sources familiar with the discussions. Company Value Change %Change During recent informal talks, some banks proposed that the Reserve Bank of India (RBI) consider using FX […]
Rupee plunges 3% in 2024 amid global strength of dollar, geopolitical tensions – CNBC TV18
[ad_1] The Indian rupee tumbled 3% in 2024, weighed down by concerns over slower economic growth and the strength of the U.S. dollar. Despite this, it was one of the least volatile currencies globally, and experts suggest that headwinds for the rupee may be less intense in the coming year. Company Value Change %Change The […]