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Rupee falls to 96.17 against dollar for first time: What is driving the slide
Indian rupee hits all-time low against US dollar as surging crude oil prices, rising US Treasury yields and West Asia tensions fuel inflation and growth fears.
Q4 Results This Week: IOC, BPCL, ITC, Lenskart among 150 others report earnings as season winds down
As many as 150 companies, including Ola Electric, Indian Oil Corporation, Lenskart, LG Electronics India, Nykaa, along with Nifty 50 names such as Hindalco, ITC, BEL, among others will be reporting their fourth quarter results this week as the earnings season enters its final stages for this period. Here's a look at the complete list:
INR hits record low beyond 96 per dollar mark during intraday moves
The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee. Indian shares also reversed early gains to end modestly lower on Friday as Hormuz concerns persisted and the Trump-Xi summit yielded little progress on the war in Iran. The domestic currency has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts. Global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
India rupee slips to record low near 96 per USD as energy risks deepen
The Indian rupee hit an all-time low, driven by high oil prices and portfolio outflows straining the economy. Policymakers are considering tax reductions for foreign investors on bonds to attract dollar inflows. Persistent balance of payments deficits and rising wholesale inflation signal ongoing rupee weakness.
Preparing for Rupee at 100: What does it mean for the economy and your stock market investments?
The Indian rupee is nearing the Rs 100 per dollar mark, driven by rising crude oil prices and foreign investor outflows. This depreciation fuels imported inflation, complicates RBI policy, and creates uneven impacts across equity sectors. Investors are advised to focus on resilient businesses as currency volatility persists.
INR stays pressured amid elevated international oil prices
The Indian rupee slipped back and is hovering around record low levels in opening trades on Thursday as international oil prices ticked higher. INR opened at 95.74 per dollar and hit a low of 95.79 so far during the day. Yesterday, the unit hit an all-time low of 95.80 against the US dollar, and settled at 95.67 near its record closing low level amid elevated crude prices and West Asia geopolitical concerns. The rupee has become the worst-performing currency in Asia for the year, registering a loss of over 6 per cent so far this year, as elevated crude oil prices, a strong dollar and concerns regarding the West Asia crisis weighed on investor sentiments. Govt action of hiking import duties on gold and silver to 15 per cent failed to give much respite to the local unit. Moreover, Indias consumer price inflation in April rose for the sixth straight month to 3.48% from 3.40% in March. Food inflation, a key constituent of the countrys consumer price index, hit 4.2%, up from 3.87% in ...
Sensex at 89,000: What makes Morgan Stanley bullish on Indian stock market despite earnings risks, oil shock? - Mint
Sensex at 89,000: What makes Morgan Stanley bullish on Indian stock market despite earnings risks, oil shock?Mint
Top Indian Oil & Gas Stocks to Watch, According to Morgan Stanley - Investing.com Nigeria
Top Indian Oil & Gas Stocks to Watch, According to Morgan StanleyInvesting.com Nigeria
Top Indian Oil & Gas Stocks to Watch, According to Morgan Stanley - Investing.com India
Top Indian Oil & Gas Stocks to Watch, According to Morgan StanleyInvesting.com India
Top Indian Oil & Gas Stocks to Watch, According to Morgan Stanley - Investing.com
Top Indian Oil & Gas Stocks to Watch, According to Morgan StanleyInvesting.com
Sensex rises 120 points, Nifty above 23,400 as rupee recovers from all-time low. What lies ahead?
Indian stock markets rebounded on Wednesday, with Sensex and Nifty ending a four-day losing streak. The recovery was driven by a stronger rupee and easing oil prices, despite ongoing geopolitical tensions. Broad-based optimism saw midcap and smallcap indices also gain, with Asian Paints leading the ascent.