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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.
INR loses momentum amid renewed concerns on war front that could trigger oil spike
The Indian rupee lost momentum in opening trades on Tuesday amid uncertainty surrounding West Asia crisis that could once again trigger a flight in oil prices. Rupee regained near two week high amid signs of easing tensions in the war region which led to a sharp slide in crude oil prices and retreat in dollar index. However, caution in equities and foreign flows are keeping sentiments at bay for the local unit. INR opened at Rs 95.43 per dollar and hit a high of 95.33 so far during the day. Yesterday, rupee appreciated 34 paise to close at 95.26 against the US dollar , registering the third straight session of gain, on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz. The NIFTY 50 and BSE Sensex indices opened for trading today at 24,004.10 and 76,224.14, respectively. Asian stock markets are trading mixed this morning, amid renewed uncertainty about a potential peace deal to
INR regains ground as oil prices retreat
The Indian rupee regained further ground in opening trades on Monday tracking sharp pullback in international oil prices and weakness in greenback overseas. Improving risk sentiments amid expectation of US and Iran peace deal is waning demand for the safe haven asset. The dollar index is seen trading under 99 mark at 98.98. Washington and Tehran have reportedly signaled progress in talks to end the war, even as US President Donald Trump said he wont rush into an agreement. INR opened at Rs 95.36 per dollar and hit a high of 95.20 so far during the day. Yesterday, the counter settled at 95.60. The BSE Sensex is trading at 76,302.90, surging by 887.55 points (1.18%), and the NSE Nifty 50 is at 23,962.35, climbing 243.05 points (1.02%) as of mid-morning. The markets rallied sharply following eased geopolitical tensions and dropping crude oil prices. .
Retail, traders chase midcap rally with stock futures bets
Retail and high net worth traders have reached record levels in stock futures, driven by bullish momentum in mid and smallcap stocks. This shift from index futures occurs as headline indices trade in a narrow range, despite increased securities transaction tax and foreign investor pessimism.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Gold loans rise 50% to Rs 19 lakh crore in FY26
Gold jewellery loans have seen a massive 50 percent jump year-on-year, reaching ₹19 lakh crore. This makes it the fastest growing retail loan category. The surge is driven by rising gold prices and a shift in borrowing habits. This growth has boosted the overall retail loan market. Asset quality has also improved with declining delinquency levels across most segments.
INR slumps to fresh record lows amid rising oil prices fuelled by ongoing geopolitical tensions
The Indian rupee weakened further and closed at a record low of 96.35 (provisional) against the US dollar on Monday, pressured by rising crude oil prices on the back of ongoing geopolitical tensions and a strong dollar. During the day, the counter hit a low of 96.39. The global market sentiments continue to dampen amid simmering tensions between the US and Iran. Moreover, emerging market economies, including India, continue to feel the pressure of rising crude oil prices, as elevated rates increase the outflows of US dollars, along with the outflows already happening due to FPIs. Meanwhile, Indian shares ended little changed on Monday, after having suffered heavy losses earlier in the session on rising Middle East tensions and economic concerns. The benchmark BSE Sensex rebounded over 1,100 points from the day's lows before closing 77.05 points, or 0.10 percent, higher at 75,315.04.The NSE Nifty index also fell up to 1.3 percent in early trading before recovering to close up 6.45 ...
INR settles around record low level as energy crisis deepen
The Indian rupee weakened further and fell to a record low of 95.73 (provisional) against the US dollar on Thursday, amid a strong dollar and worries over inflation amid elevated energy prices. International oil prices continued to hold around $100 per barrel mark that kept rupee under pressure. The rupee is expected to trade with a negative bias amid inflation concerns and the strength of the US dollar in the overseas market. The West Asia crisis and the blockade of the Strait of Hormuz have disrupted crude petroleum imports into India. Investors also awaited the outcome of U.S. President Donald Trump's summit with Chinese President Xi Jinping in Beijing. However, positive local equities limited losses in the domestic unit to some extent. Indian equity markets settled sharply higher for the second consecutive session, with the Sensex rising 789.74 points (1.06%) to 75,398.72 and the Nifty gaining 277 points (1.18%) to 23,689.60.
INR seen mildly supported as govt raises gold tariff
The Indian rupee is seen recovering some of its lost momentum from record low levels in opening trades on Tuesday after the govt stepped in to stabilize the local unit. The govt has raised import tariffs on gold and silver to 15%, reversing the 2024 duty cuts, as the government moves to curb surging precious metal imports, narrow trade deficit and support the rupee amid mounting external pressures. INR opened at Rs 95.52 per dollar and rebounded to a high of 95.51 so far during the day. Yesterday the counter closed at 95.68. Indian shares are seen opening little changed on Wednesday after two consecutive heavy sell-off sessions. Yesterday, Indian equity markets experienced a sharp decline, with the Sensex settling 1,456.04 points (1.92%) lower at 74,559.24 and the Nifty 50 falling 436.30 points (1.83%) to close at 23,379.55.
SBI’s CS Setty expects margins above 3%, sees up to 15% loan growth backed by ₹5 lakh crore pipeline
SBI Chairman CS Setty said the bank remains comfortable on margins, liquidity and asset quality despite pressure from lower rates, while strong demand across retail and corporate segments is expected to support double-digit loan growth in FY27.
Sensex drops 516 points, Nifty slips below 24,200 as US-Iran tensions rattle markets
The key equity benchmarks slipped on Friday, extending losses for a second straight session, as intensifying geopolitical tensions surrounding the US-Iran conflict rattled investor sentiment. Escalating hostilities drove Brent crude prices above the $100-per-barrel mark, stoking fears of rising inflation and a spike in Indias import bill. The rupee also slid against the dollar, hovering near the 94-per-dollar level versus the previous close, further denting market confidence.
Midcap rally hits record high amid retail buying surge
Nifty midcap indices reached new peaks on Thursday. This surge is fueled by robust earnings, consistent retail investor contributions, and strategic bargain purchases. Midcap and smallcap indices have significantly outperformed larger indices since the US-Iran ceasefire announcement a month ago. Experts suggest a pause in the rally is likely soon. Foreign investors have been selling large-cap stocks.