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Short-term bond yields hit three-month low on RBI dollar measures
On Friday, the Reserve Bank of India unveiled steps to attract dollar inflows, including fully subsidising hedging costs on foreign currency deposits raised from non-resident Indians
Rupee Strengthens 14 Paise To Close At 95.27 Against US Dollar Amid Likely RBI Support
The rupee finally ended the session at 95.27 (provisional), registering a rise of 14 paise from its previous close.
Banks pay 7% on dollar deposits as India seeks fresh foreign currency
Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and support the rupee. This strategy aims to strengthen the currency amidst high oil prices and intense domestic deposit competition.
Gold crashes to 11-week low, but experts still see upside: Is this a buying opportunity or a warning sign?
Gold prices have dropped to an 11-week low, pressured by reassessed US interest rates and a stronger dollar. Despite the decline, analysts maintain a positive long-term outlook due to central-bank demand and potential easing of inflation, suggesting the recent dip could be a buying opportunity.
INR loses ground as oil spikes amid fresh escalations in the West Asia war
The Indian rupee depreciated 15 paise to 95.56 against the US dollar in early trade on Wednesday as fresh escalations in the West Asia war lead to a spike in crude oil prices and pressurised the rupee. USD/INR pair opened on a negative note after US President Donald Trump said Iran was responsible for downing an American military helicopter near the Strait of Hormuz and that the US "must" respond to the attack. At the interbank foreign exchange market the rupee opened at 95.52, then lost ground and touched 95.56 in initial trade, registering a fall of 15 paise from its previous close. Yesterday, rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Meanwhile, domestic indices opened on a positive note,
Saurabh Mukherjea’s global strategy: How Marcellus is hunting compounder stocks across 4 multi-trillion dollar megatrends
Saurabh Mukherjea of Marcellus is avoiding AI giants like Nvidia, instead focusing on companies enabling AI's physical infrastructure. His strategy targets turbine manufacturers, chip equipment makers, and industrial distributors, alongside defence and aerospace firms like Airbus, and ultra-luxury brands, driven by distinct megatrends.
Sensex jumps over 300 pts, Nifty above 23,300; Reliance Industries, HUL shares gain 1%
Indian stock markets saw gains on Wednesday. The Sensex and Nifty traded higher, led by major companies. Broader markets also showed marginal increases. Sectoral performance was mixed. Geopolitical tensions in the Middle East and rising oil prices are being monitored. The rupee opened lower against the US dollar. Analysts expect market stabilization amid ongoing developments.
FX swap window may spur PSU rush for overseas loans
Public sector units like PFC, REC, and NaBFID are poised to increase their External Commercial Borrowings (ECBs) to leverage the RBI's 1.5% fixed-rate swap. This initiative is expected to attract significant dollar inflows, offering Indian companies cheaper funding options below 7% compared to domestic rates.
Hong Kong Dollar Carry Trade Appeal Dims as Funding Costs Climb
A seasonal cash demand spike in Hong Kong is set to lift funding costs, making it less attractive to pursue a carry trade using the local dollar, analysts said.
Rupee falls to 95.54 against dollar: Why the currency is under pressure
Indian rupee opens weaker against the US dollar as foreign outflows, importer demand and global risk aversion weigh, traders eye US inflation data.
Silver rate today slumps 2% to ₹2.34 lakh as dollar, oil prices surge amid escalating US-Iran tensions
MCX Silver rate fell almost 2% to ₹2,34,000 per kg, while, MCX Gold price lost 1.7% to ₹1,49,888 per 10 grams.
Gold rate today: MCX gold price slips below ₹1.5 lakh per 10 grams, silver price crashes by ₹4,500 per kg
Gold rate today: Gold prices in the international market slumped to an 11-week low, as the dollar and crude oil prices rose on renewed hostilities between the United States and Iran, raising concerns about inflation and interest rate hikes.