As the rupee drifts lower, the government appears unperturbed, but currency strategists warn that the forces weighing on the exchange rate are far more complex than a single trigger. In a conversation with ET Now, Jayesh Mehta from DSP Finance broke down the macro picture behind the recent slide, highlighting why the central bank is…
Mumbai: India’s equity indices ended marginally lower on Monday after hitting fresh lifetime highs earlier in the day as the market continued to face hurdles at record levels amid a weakening rupee and lack of clarity on the much-awaited US-India trade deal. NSE’s Nifty rose as much as 0.5% to an all-time high of 26,325…
Gold prices in India have surged to fresh record highs, with October futures on the Multi Commodity Exchange (MCX) touching Rs 1,10,698 per 10 grams on September 22 and the December contract climbing to Rs 1,11,820. The rally comes amid global uncertainties, investor bets on further rate cuts by the US Federal Reserve and consistent…
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…