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Commercial Paper Issuances Jump To Nearly Five-Year High At Rs 2.53 Lakh Crore In June
CPs are short-term debt instruments used by corporates to raise funds between 7 days and one year.
Rebound in greenback weighs on INR; Gains in local equities cap downside
The Indian rupee depreciated 20 paise to close at 95.38 (provisional) against the US dollar on Monday, as a strengthening greenback weighed on emerging market currencies. At the interbank foreign exchange market, the rupee opened at 95.25 against the American currency and traded in a range of 95.22-95.48 during the session. The rupee finally closed at 95.38 (provisional), down 20 paise from its previous close. Local shares rose notably on Monday, with benchmark indexes Sensex and Nifty extending gains for a fourth consecutive session, as crude prices continued to fall in international markets following OPEC+'s decision to raise output. Underlying sentiment was also underpinned by eased concerns over near-term Federal Reserve rate hikes, optimism for promising corporate earnings' season, and strong provisional June quarter business growth updates reported by banks. The BSE Sensex surged 521.16 points (0.67%) to close at 78,285.07 and the NSE Nifty 50 climbed 159.50 points (0.66%) to ..
Scilex, Vera Therapeutics rise premarket; Strategy gains By Investing.com - Investing.com India
Scilex, Vera Therapeutics rise premarket; Strategy gains By Investing.comInvesting.com India
Vera Therapeutics stock rises ahead of FDA decision By Investing.com - Investing.com India
Vera Therapeutics stock rises ahead of FDA decision By Investing.comInvesting.com India
Rupee Falls 20 Paise To Close At 95.38 Against US Dollar As Greenback Strengthens
Last week on Friday, the rupee had appreciated 17 paise to close at 95.18 against the US dollar.
3-Page Suicide Note, Diary Recovered After Delhi Hospital Doctor Found Dead In Duty Room
Police have informed the doctor's family, and his body has been sent for post-mortem examination.
Gold prices slip ₹150, silver declines ₹5,000 amid weak global cues
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
Week Ahead: AI Bounce, US Dollar Wobble, and the Return of the Liquidity Trade - Investing.com India
Week Ahead: AI Bounce, US Dollar Wobble, and the Return of the Liquidity TradeInvesting.com India
Senco Gold rises 6% after strong Q1 update; old gold exchange drives sales
Senco Gold said that its standalone revenue grew around 60 per cent Y-o-Y in Q1, while retail revenue increased 48 per cent and same-store sales growth stood at 38 per cent.
Jewellery stock Senco Gold jumps over 6% after Q1FY27 business update
Senco Gold share price rose over 6% on July 6 after reporting strong Q1 FY27 results, driven by festive demand and retail expansion. The company opened eight new showrooms, achieving 60% year-on-year revenue growth despite challenges from higher gold prices and customs duties.
Yen to extend historic slump, while AI and energy 'supply bust' to support the US dollar: Goldman
Goldman Sachs has turned more bearish on the Japanese yen, arguing that the currency is likely to weaken further even with an intervention.
Rupee falls 10 paise to 95.28 against US dollar in early trade
Rupee fell 10 paise to 95.28 against the US dollar due to broad dollar strength. Forex reserves dropped USD 5.654 billion to USD 666.933 billion.