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DXY holds steady around 101 mark; investors brace for US jobs report
The dollar index is holding steady on Thursday with all focus on June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserves policy outlook. Data released on Wednesday showed private-sector hiring in the US slowed more than expected last month. The dollar index that measures the greenback against a basket of currencies is quoting at 101.08, down marginally on the day. Meanwhile, Federal Reserve Chair Kevin Warsh firmly reiterated the central bank's absolute commitment to its 2% inflation target and maintained strict political independence during his speech at the European Central Bank (ECB) Forum although he declined to give any signal as to what the central bank may do at its meeting later this month.
RBI stress test flags rising NBFC stress, capital buffers to thin by FY27
India's central bank warns of rising bad loans and shrinking capital for non-banking lenders. Stressed assets could hit 2.8% by March 2027, with capital buffers dipping to 20.8% under normal conditions. Worryingly, several NBFCs might breach minimum capital requirements, especially under economic stress, highlighting ongoing regulatory focus on the sector's resilience.
GIC shares in focus as OFS opens for non-retail investors today — Check issue size, discount
With this OFS, the Centre's divestment collections are set to cross ₹15,000 crore within a month. Prior to this, the government's disinvestment drive included Coal India, Central Bank of India, NLC India and NHPC.
Stocks to watch: Lenskart, Central Bank , Meesho, Power Grid, among key stocks in focus on 11 June - Mint
Stocks to watch: Lenskart, Central Bank , Meesho, Power Grid, among key stocks in focus on 11 JuneMint
What’s likely to move markets in the next trading session on June 11?
On Wall Street, weakness in technology and AI-linked stocks remains in focus after recent declines. In Europe, expectations of a European Central Bank rate hike have risen following higher eurozone inflation.
West Asia crisis, oil prices key driver for gold this week: Analysts
Gold prices will remain sensitive to developments in West Asia, movement in crude oil prices, and a series of key economic data releases in the coming week, analysts said. Investors will monitor trade and inflation data from China and the US, mid-month Washington's consumer sentiment figures and India's Consumer Price Index (CPI) readings. The European Central Bank's monetary policy decision will also be in focus as market participants assess their impact on bullion and other commodities, they added. "Momentum for precious metals such as gold and silver still looks corrective," Pranav Mer, Vice President, EBG -- Commodity & Currency Research, JM Financial Services Ltd, said. Domestic commodity markets ended the week lower, with MCX gold futures for August delivery falling Rs 5,317, or 3.3 per cent, to Rs 1.55 lakh per 10 grams. Silver for July delivery fell Rs 18,461, or 7 per cent, to Rs 2.48 lakh per kilogram on the Multi Commodity Exchange (MCX). "Gold witnessed a weak ...
INR appreciates under Rs 95 per dollar after RBI announces measures to support foreign capital inflows and strengthen forex liquidity
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also ...
Rupee opens 7 paise lower at 95.06 against US dollar
The Indian rupee opened at 95.06 against the US dollar, weakened by crude oil price volatility and foreign investor selling. Despite nearly $25 billion in outflows, the rupee has remained stable due to central bank interventions. Market focus now shifts to RBI policy and US-Iran negotiations.
RBI continues to focus on further developing and deepening financial markets by boosting the role of INR as a cross-border medium of exchange
As per RBI annual report, during 2025-26, the Reserve Bank continued to focus on further developing and deepening financial markets through several initiatives, including rationalising external sector regulations for increased ease of doing business and encouraging the adoption of INR for cross border transactions. Going forward, the liquidity operations would continue to be in sync with the stance of monetary policy, while the foreign exchange operations would be principle-based, guided by the objective of ensuring orderly movements in the exchange rate of the INR. On cross border payments, the Reserve Bank signed memorandum of understanding (MoU) on digital asset collaboration with the Monetary Authority of Singapore (MAS). Bilateral discussions with MAS and the Central Bank of the UAE (CBUAE) were held for operationalising a cross-border CBDC pilot. The Reserve Bank also joined multilateral BIS-Innovation Hub-led initiatives, viz., Project Rialto, and Phase 2 of Project Mandala, ..
Rupee Trades Flat As Oil Price Swings And Central Bank Watch Keep Focus - Investing.com India
Rupee Trades Flat As Oil Price Swings And Central Bank Watch Keep FocusInvesting.com India
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
India's forex kitty drops by $7.79 billion to $690.693 billion: RBI
India's forex reserves dropped by USD 7.794 billion to USD 690.693 billion during the week ended May 1, the RBI said on Friday. In the previous reporting week ended April 24, the overall reserves had declined by USD 4.82 billion to USD 698.487 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the beginning of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. For the week ended May 1, foreign currency assets, a major component of the reserves, decreased by USD 2.797 billion to USD 551.825 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves decreased by USD 5.021 billion to USD 115.216 billio