The US Federal Reserve sought market quotes on the dollar-yen exchange rate last month. This uncommon step, requested by the US Treasury, stirred speculation about potential coordinated action between Washington and Tokyo. The development drew attention in currency markets. The move contributed to a strengthening of the Japanese yen against the dollar.Read More
Indian equity benchmarks, Nifty and Sensex, opened higher on Thursday, extending their winning streak for a fourth consecutive session. Gains in IT and metal stocks propelled the frontline indices upwards, with Sensex trading over 100 points higher and Nifty above the 25,850 level.Read More
Bandhan Small Cap Fund, which outperformed 93% of peers last year, is investing in beaten-down Indian internet firms like Paytm and Info Edge. The fund manager sees opportunity in unpopular value stocks with potential for significant gains, even amidst market volatility and regulatory challenges. The portfolio also favors undervalued textile and real estate sectors.Read More
Indian currency and debt markets will be closed on Thursday, February 19, for a local holiday. Trading will resume on Friday, February 20. The Indian rupee closed nearly flat on Wednesday. The benchmark 10-year bond closed lower. Market participants believe further measures to cool bond yields are unlikely.Read More
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