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INR depreciates further to one-week low as oil stays elevated amid Middle East turmoil
The Indian rupee depreciated further in opening trades on Wednesday as oil prices stay elevated, driving fears of inflationary pressures in future. INR opened at Rs 95.43 per dollar and hit a low of 95.65 so far during the day. Yesterday, rupee fell 15 paise to close at 95.34 against the US dollar, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. Local equities continue to stay strained in early trades with BSE Sensex trading at 73,866.45, down by 783.39 points and NSE Nifty 50 trading at 23,247.90, down by 235.65 points.
NHPC offer plugs into green energy appeal, more suited for patient play
NHPC's offer for sale is underway. Analysts suggest it offers long-term potential for patient investors. The government is divesting up to 6% of its stake. The offer opened for non-retail investors with strong demand. The floor price is set at ₹71 per share. This move aligns with global energy security focus and domestic clean energy infrastructure investments.
Dollar in tight range as traders eye Middle East peace talks
GLOBAL-FOREX:Dollar in tight range as traders eye Middle East peace talks
INR settles lower as global crude oil prices stay elevated amid Middle East turmoil
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84.
Rupee may weaken towards 98 as oil and US yields pressure EMs: David Hauner of BofA Securities
David Hauner, Head-Global EM Fixed Income Strategy at BofA Securities, remains structurally bullish on emerging markets over the long term despite near-term headwinds. He expects oil prices to ease, the US dollar to weaken and capital flows to gradually return to emerging market assets next year.
INR extends slump beyond Rs 95 per dollar mark
The Indian rupee extended slump beyond Rs 95 per dollar mark on Tuesday as oil prices shot up late yesterday amid stalled talks between US and Iran reigniting fears of oil supply disruption. Crude oil prices surged following reports from Iran's news agency indicating that Tehran has halted indirect negotiations with the United States. INR opened at Rs 95.16 per dollar and hit a low of 95.18 so far during the day. Yesterday, the counter settled at 95.19. Meanwhile, the Indian stock market is extending its losses today, tracking weak global cues and Middle East tensions. The BSE Sensex dropped by over 440 points in early trade, slipping into the 74,200 range, while the NSE Nifty 50 fell beneath the 23,250 mark.
Dollar higher as markets parse fragile Middle East peace talks
GLOBAL-FOREX:Dollar higher as markets parse fragile Middle East peace talks
INR slides further as renewed geopolitical tensions led to surge in crude oil prices
The Indian rupee depreciated 5 paise to close at 94.90 (provisional) against the US dollar on Monday, amid renewed geopolitical tensions between the US and Iran and surge in crude oil prices. Strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments. At the interbank foreign exchange market, the rupee opened at 94.93 against the US dollar, then touched an intraday high of 94.73 and a low of 95.03 during the day. Meanwhile, domestic markets also closed sharply lower due to escalating Middle East tensions, surging crude oil prices, and ongoing foreign institutional investor (FII) outflows. The BSE Sensex settled at 74,267.34, down by 508.40 points (0.68%), and the NSE Nifty 50 ended at 23,382.60, dropping 165.15 points (0.70%).
How Charlie Munger found an ideal investment option during the global financial crisis in 2008?
What began as a contrarian investment during one of the worst financial crises eventually turned into a multi-billion-dollar success story, with Berkshire reportedly earning profits of around $10 billion by the time it substantially exited the investment in 2025.
Nvidia Announces Vera — World's First CPU Not Designed For Humans
Nvidia has shared a list of global AI companies that have adopted the VERA systems, confirming that Anthropic, Open AI and SpaceXAI are the early adopters of this CPU system.
Vardhman Textiles, Gokaldas Exports to KPR Mill: Textile stocks jump over 6% after cotton import duty exemption
Vardhman Textiles share price jumped over 6%, followed by Pearl Global Industries, Raymond Lifestyle and Trident shares rallying over 5%. Gokaldas Exports, KPR Mill and Welspun Living shares gained over 4% each, while Alok Industries share price surged over 3%.
Dollar steadies as markets await signals on Iran war, central banks
GLOBAL-FOREX/:FOREX-Dollar steadies as markets await signals on Iran war, central banks