Global stocks were flat but still traded near record highs on Friday as U.S. President Donald Trump and his Russian counterpart Vladimir Putin held high-stakes talks in Alaska over Ukraine. U.S. Treasury bond prices fell across the board with markets anticipating a Federal Reserve interest rate cut. The Dow hit an intra-day record high during…
Rupee appreciated by 21 paise to open at 85.87 against the US dollar in early trade on Thursday, buoyed by weakness in the greenback across global markets. However, gains were capped due to firm crude oil prices and continued outflows by foreign institutional investors (FIIs), according to forex dealers. At the interbank foreign exchange market,…
Rupee traded in a narrow range against the US dollar in early trade on Wednesday, pressured by rising crude oil prices and continued risk-off sentiment due to geopolitical tensions. At the interbank foreign exchange, the rupee opened at 86.42 against the dollar and briefly strengthened to 86.25 in early deals. On Tuesday, it had declined…
Rupee weakened by 19 paise to settle at 86.23 (provisional) against the US dollar on Tuesday, dragged down by rising global crude oil prices, the ongoing Israel-Iran conflict, and a stronger greenback. Forex traders said weak cues from domestic equities and sustained foreign institutional investor (FII) outflows further dented market sentiment. Jateen Trivedi, VP Research…
Crude oil futures fell more than 4% in early trading on Wall Street on Monday, following reports that Iran is seeking to cease hostilities with Israel and reinstate nuclear discussions. West Texas Intermediate (WTI) crude oil for July delivery declined by $3.30, or 4.52%, to $69.68 per barrel. Brent crude, the global benchmark, dropped by…
Mumbai: The Reserve Bank of India cancelled the 30-year green bond auction despite receiving bids double the auction amount. The last time the central bank cancelled a green bond auction was in May 2024. The 30-year paper had a notified amount of ₹5,000 crore and received bids worth ₹10,943 crore in the auction scheduled on…