Congress leader Jairam Ramesh. File | Photo Credit: PTI In a X (formerly Twitter) post, Congress leader Jairam Ramesh mocked at Prime Minister Narendra Modi for the depreciation of rupee to record low at ₹86. Mr. Ramesh in his X post, said “When Mr. Narendra Modi took over at PM he was about to turn…
Photo used for representation purpose only. | Photo Credit: Reuters The rupee extended losses to fall below the psychologically important 86.50 level on Monday (January 13, 2025) pressured by a surge in the U.S. dollar and likely outflows from local equities, traders said. The rupee declined to 86.54 as of 12:55 p.m. IST, its weakest…
Photo used for representation purpose only. | Photo Credit: The Hindu In continuation of the bearish trend, the stock markets are witnessing sell off and the frontline indices have come under pressure. The Indian rupee has also seen sharp depreciation since the morning against the U.S. Dollar. The S&P BSE Sensex after a weak opening…
The dollar index was up 0.2% at 109.9 while most Asian currencies weakened. Representational file image. | Photo Credit: Reuters The Reserve Bank of India (RBI) was likely selling dollars to support the rupee on Monday (January 12, 2025), after the currency slumped to its all-time low as the dollar surged on expectations that the…
Photo used for representation purpose only. | Photo Credit: Reuters The rupee’s slide show went on for the second straight session on Monday (January 13, 2025) as it crashed 27 paise to hit a new lifetime low of 86.31 against the U.S. dollar, dragged down by a robust American currency amid volatile global cues. A…
Image used for representational purpose. | Photo Credit: Reuters India’s record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country’s oldest exchange told Reuters. “There are 90-plus companies that have already filed their draft prospectus with the regulator, looking to raise an estimated…
SEBI’s Wholetime Member Ananth Narayan. File The capital markets regulator is not planning any more measures to curb or restrict activity in derivatives, SEBI’s Wholetime Member Ananth Narayan said on Saturday (January 11, 2025). “An expert group under former RBI executive director G. Padmanabhan continues to work on bettering the system, and some moves…
FIIs offloaded equities worth ₹7,170.87 crore on Thursday (January 9, 2025), according to exchange data. File | Photo Credit: PTI Equity benchmark indices Sensex and Nifty nursed losses for the third consecutive session on Friday (January 10, 2025), in lockstep with a weak trend in global equities as concerns over economic growth and a slowdown…
Image used for representative purpose only. | Photo Credit: Reuters The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday (January 10, 2025) due to a firm American currency and massive outflow of foreign capital. Higher crude oil prices overseas also weighed on the Indian currency though it found…
From the 30-share Sensex pack, Tata Consultancy Services jumped 4% after the IT services company reported an 11.95% jump in December quarter net profit to ₹12,380 crore. File | Photo Credit: Special arrangement Benchmark indices Sensex and Nifty rebounded in early trade on Friday (January 10, 2025) after two days of decline but soon succumbed…
