Stock Market Opening Bell: Indian equities started the week on a subdued note Monday, tracking mixed global cues and a busy IPO calendar. At the open, the BSE Sensex was quoting at 81,970, up 65 points or 0.08 per cent, while the NSE Nifty50 edged 6 points higher, or 0.02 per cent, to 25,120. In…
The Indian rupee weakened on Wednesday, a day after recording its best session of the year, as crude oil prices stayed elevated despite a ceasefire between Iran and Israel. The domestic currency closed 12 paise lower at 86.09 against the US dollar, after ending at 85.97 on Tuesday. The previous session saw the steepest one-day…
After three consecutive sessions of losses, the rupee bounced back sharply on Friday, appreciating by 70 paise to settle at 85.25 (provisional) against the US dollar. The recovery was fuelled by a drop in the dollar index and a strong rally in domestic equities, reflecting renewed investor interest in riskier assets. Forex traders pointed to…
Rupee fell 15 paise to 86.10 against the US dollar in early trade on Friday, hit by sustained foreign institutional investor (FII) selling and narrowing bond yield differentials. At the interbank foreign exchange, the domestic unit opened at 85.95 and slipped to 86.10, down from its previous close of 85.95. Forex traders noted that while…