[ad_1] The Reserve Bank of India had a challenging task in determining the course of interest rates and policy stance amidst extreme currency volatility, uncertainty in financial markets, and headwinds to growth.Ā However, RBIās monetary policy committee has unambiguously addressed these challenges by announcing a rate cut and shifting the stance from āneutralā to āaccommodativeā,…
[ad_1] Indiaās Nifty 50 and Sensex indices have logged their strongest weekly run since February 2021, gaining nearly 4% this week and offering much-needed relief for bargain hunters after plunging 14% from their September highs. But the real stars were the Nifty Smallcap 250 and Nifty Midcap 100, which jumped 8% and 7%, outpacing their…
[ad_1] Whatās in a symbol? A lot, if one goes by last weekās political storm over Tamil Naduās substitution of Indiaās rupee sign ā ā¹ā with a similar sounding letter in the Tamil script for the logo of its state budget. Union finance minister Nirmala Sitharaman called it an example of ālanguage and regional chauvinism”…
[ad_1] The biggest single-day fall in the price of IndusInd Bank shares on Tuesday, 11 March, wiping out more than a quarter of its market value, raises a number of questions. The sharp sell-off followed the lenderās disclosure of accounting discrepancies related to its derivative trades, triggering a spate of analyst downgrades.Ā The fact that…
[ad_1] Foreign portfolio investors (FPIs) have withdrawn ā¹64,156 crore from the Indian equities market so far in January 2025, in an unabated exodus amid Rupee depreciation, rise in United States bond yields and expectations of an overall tepid earnings season, according to a PTI report. The selling shows a reversal in investor sentiments since December…
[ad_1] India imports goods worth more than it exports, but the gap has narrowed, according to official data. The country logged a trade deficit of under $22 billion in December, down from $32.8 billion the previous month, as outward shipments of merchandise rose while inward fell. The November numbers that were first released by the…
[ad_1] Mumbai: Fears over fewer rate cuts in the US and a greenback gathering steam sent shockwaves over the Street on Monday, making investors poorer by more than ā¹12 trillion overnight. The carnage did not spare any corner of the market – While the Nifty and Sensex plunged 1.5% and 1.4% to close at seven-month…
[ad_1] MUMBAI – The Indian rupee dropped past 86 per U.S. dollar for the first time ever on Monday following a blowout U.S. jobs report that compounded the pressure from weak inflows and higher hedging activity. The rupee declined 0.4% to a lifetime low of 86.3900 per dollar, tracking the weakness in Asian currencies following…
[ad_1] The governmentās ambition is to reach FDI worth $100 billion every year. This will still represent less than 3% of gross domestic product (GDP) and not even one-tenth of the industrial and economic investment that is needed to take GDP growth to a higher orbit. A bulk of the investment will continue to be…
