The Indian rupee touched a two-week low of 88.74 against the dollar on Thursday. It later strengthened slightly to close at 88.70. This weakness followed month-end dollar demand and potential RBI position squaring. The central bank intervened to curb losses. A hawkish US Fed stance also added pressure on the rupee.Read More
India’s Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in the local currency. This shift is crucial for India to achieve its developed economy ambitions and reduce global transaction risks.Read More
India’s 10-year government bond yield saw its biggest jump in six weeks. This happened as the US Federal Reserve’s hawkish comments lowered expectations for interest rate cuts. Domestic market worries about demand and liquidity also contributed. Traders are watching for Reserve Bank of India actions to boost banking system liquidity.Read More
Indian markets experienced a downturn, influenced by the US Federal Reserve’s cautious stance on interest rates and ongoing US-China trade tensions. Analysts anticipate continued consolidation, advising investors to focus on quality stocks and sector-specific opportunities. Several companies, including ITC, Swiggy, and RIL, are in focus due to their recent financial results and corporate developments.Read More
Nifty experienced a gap-down opening on Thursday and declined throughout the session. Immediate support is seen around 25,800, with a breakdown potentially leading to further declines. Gift Nifty signals a mixed start. India VIX rose. Asian markets showed mixed movements. US equities ended mixed. The dollar strengthened. Oil prices saw fluctuations.Read More
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