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Rupee breaches 93 per US dollar for the first time amid US-Iran war, FII outflows
The Indian rupee fell to 93 per US dollar for the first time on March 20, exacerbated by Middle East conflicts impacting global energy supplies. Analysts predict continued pressure on the rupee, with over $8 billion withdrawn from domestic equities in March due to rising oil prices.
Manappuram, Muthoot Finance shares in focus after Gold prices sell-off in global markets
Rising fears of the economic impact of the war, a stronger US Dollar, dwindling prospects of rate cuts from the US Federal Reserve, are all contributing to the downside for bullion. All of these scenarios, are negative for the yellow metal.
Euro and yen gain, pushing dollar index lower following central bank decisions
GLOBAL-FOREX/ (UPDATE 5):FOREX-Euro and yen gain, pushing dollar index lower following central bank decisions
Streaming surge lifts India's share in APAC content investments
India is becoming a major force in Asia Pacific content investment. By 2026, the country will contribute 12% to the region's projected 22.1 billion dollar spend. Both traditional broadcasters and global streaming platforms are increasing their investments in local content.
INR crashes to new record low beyond 92.60 mark; Positive equities fail to cap losses
The Indian rupee crashed to fresh lifetime lows on Wednesday, weighed down by a stronger greenback and sustained FII outflows. The rupee slumped 27 paise to close at a record low of 92.67 (provisional) against the US dollar on Wednesday. Elevated crude oil prices in global markets amid intensifying conflict in West Asia further dampened sentiments. Indian shares ended higher for a third consecutive session but failed to cap losses in the counter. The Sensex rose 633 points to close at 76,704 and the Nifty gaining 197 points to settle at 23,778. At the interbank foreign exchange, the local unit opened at 92.42 against the greenback and traded in the range of 92.41-92.48 for most of the session before losing ground at the fag end to close at its record low.
Rupee gains marginally against dollar: How oil and global cues are shaping moves
The Indian rupee opened stronger at 92.39 against the US dollar on March 17, up from 92.42 on March 16, aided by a pause in crude oil price rally and better global risk sentiment.
Gold near ₹1.57 lakh per 10 grams in India, silver slips nearly 2%: Why bullion is under pressure
Gold and silver prices in India fell on March 16 due to weaker global bullion prices and reassessment of US interest rates. Gold futures on MCX dropped ₹1,339 to ₹1.57 lakh per 10 grams, while silver futures fell ₹4,089 to ₹2.55 lakh per kilogram. Analysts cited a stronger US dollar, rising US Treasury yields, and elevated oil prices as key factors. Despite short-term volatility, experts like Vijay Kuppa emphasize the long-term diversification benefits of gold and silver in investment portfolios.
Dollar rises broadly as investors weigh Middle East risks
GLOBAL-FOREX/ (UPDATE 3):FOREX-Dollar rises broadly as investors weigh Middle East risks
Rupee falls to fresh low of 92.46 against dollar amid global risk aversion
The rupee fell to a fresh intraday low of 92.48 against the dollar on Friday as rising crude oil prices and global risk aversion amid West Asia tensions pressured the local currency
Metal stocks slide up to 7% as dollar hits 4-month high; NALCO, Hindustan Copper lead fall
Metal stocks, including NALCO and Hindustan Copper fell sharply on Friday as a surging US Dollar Index and ongoing Iran–Israel/US conflict dented demand. Analysts advise caution, noting that global commodity prices and infrastructure trends will shape near-term metal sector performance.
Global markets entering change of eras, but India ticking boxes for FII return: Mirae's Swarup Mohanty
Structural shifts in the dollar, oil markets and global geopolitics are reshaping investor sentiment, says Mirae Asset’s Swarup Mohanty. But improving earnings, stabilizing currency and strong growth could set the stage for foreign investors to return to India.
INR recovers from record lows but settles beyond 92/$ mark
The Indian rupee recovered from record low levels and settled with a loss of 16 paise at 92.17 (provisional) against the US dollar on Thursday as global crude oil prices stayed on an upward trajectory amid the raging war in West Asia. A stronger greenback and volatility in the domestic equity markets further weighed on the rupee, which was already on a weak footing in early trade due to heavy foreign fund outflows. Indian shares fell sharply on Thursday to extend losses from the previous session as the prospect of a quick end to the war in West Asia thinned and trade tensions resurfaced. At close, the Sensex declined 829.29 points, or 1.08 per cent, to settle at 76,034.42, taking its two-day decline to 2,171.56 points. While the Nifty slipped 227.70 points, or 0.95 per cent, to close at 23,639.15, it slipped 2.56% in two sessions. At the interbank foreign exchange, the local unit opened at 92.25 but kept slipping to touch its record intra-day low against the greenback at 92.36. ...