[ad_1] The rupee tumbled to a record low of 85.70 against the US dollar on Friday, December 27, marking the biggest single-day fall in two years. This decline puts the Indian currency on track for its seventh consecutive year of annual losses against the dollar and its steepest monthly drop in two years. Company Value […]
Barclays strategist sees rupee at 87 per dollar by end-2025, but outperforming Asian peers – CNBC TV18
[ad_1] Mitul Kotecha, Head of FX and EM Macro Strategy Asia at Barclays, said the rupee is likely to weaken further, reaching 87 against the dollar by the end of next year, despite temporary measures to slow its fall. However, it is expected to continue outperforming its Asian peers. Kotecha highlighted that the rupee is […]
Nifty IT hits record high: What’s driving the rally in Indian tech stocks – CNBC TV18
[ad_1] Indian IT stocks witnessed a strong rally on Thursday, with the Nifty IT index touching the 52-week high of 46,002.65 in early trade, up 1.4% from its previous close of 45,350.35. By 3 PM, the index was trading at 45,667.65, reflecting a gain of 0.78%. Company Value Change %Change All the 10 components of […]
Rupee emerges as the second worst-performing currency in Asia – CNBC TV18
[ad_1] The Indian rupee gave up another 12 paise on Wednesday, November 27, 2024, to end the session at 84.45 against the US dollar. With Wednesday’s loss, the local currency has declined as much as 1.6% over the last six months. The depreciation in domestic unit is second after South Korean Won, which is down […]
Rupee rises 6 paise to close at 84.44 against US dollar – CNBC TV18
[ad_1] The rupee recovered from its all-time low level and appreciated 6 paise to close at 84.44 (provisional) against the US dollar on Friday (November22), supported by positive domestic equities. Forex traders said the rupee is trading in a narrow range as the US dollar strengthened in the overseas market and Brent oil continued to […]
Rupee falls 21 paise to all-time low of 84.30 against US dollar – CNBC TV18
[ad_1] The rupee depreciated 21 paise to an all-time low of 84.30 (provisional) against the US dollar on Wednesday, as the US Dollar index rallied with Donald Trump set to win the US Presidential elections. A strong greenback against major rivals overseas and unabated foreign fund outflows dented market sentiment, forex traders said. Market participants […]
October 2024 sees record outflow of FPIs amid geopolitical tensions, China factor – CNBC TV18
[ad_1] October 2024 has marked the largest monthly outflow of foreign portfolio investments (FPI) from equities in over four years, driven by heightened geopolitical uncertainty, particularly escalating tensions in West Asia and a rally in Chinese stocks. Current outflows have reached $9.06 billion, surpassing previous significant withdrawals, including March 2020’s $8.39 billion at the onset […]