The rupee gained 10 paise to 81.96 against the US dollar in early trade on Wednesday tracking the weakness of the American currency in the overseas market. In addition, the Forex traders said significant foreign fund inflows and easing crude oil prices supported the local unit. Moreover, the domestic unit opened at 82.06 against the dollar and rose to 81.96, registering a gain of 10 paise over its previous close.
Courtesy: Press Trust of India
Congress leader Jaya Thakur on Tuesday approached the Supreme Court seeking investigation against the Adani Group, amid stock fraud and manipulation. On February 14, Jaya Thakur approached the Supreme Court to supervise the probe by the independent agency. The plea also seeks a probe into the role of LIC and the SBI for allegedly investing huge amounts of public money in the FPO of Adani Enterprises.
Courtesy: India Today
In closing the market, the rupee fell by 49 paise, to 81.89 against the US dollar. The fall in INR put selling pressure on the domestic equities and a spike in crude oil prices, on October 3. Moreover, a stronger greenback against key rivals and persistent foreign fund outflows impacted the domestic currency. The constant fall of rupee against USD, close at 82-mark, raises concern for RBI and traders.
In the closing trend, the rupee fell by 30 paise, at 79.47 against US Dollar, on September 14. As per the share market, the dollar index was trading at 0.35 per cent lower at 109.43. Brent crude futures, the global oil benchmark, advanced by 0.62 per cent to USD 93.75 per barrel. Furthermore, at market Sensex, BSE was 0.37% lower at 60,346.97, while NSE Nifty declined 0.37 % to 18,003.75
In early trades, rupee fell by 4 paise, to 79.56 against the US Dollar, on September 1. At the interbank foreign exchange market, the domestic currency opened at 79.55 per dollar, following to 79.56 per dollar. Moreover, BSE Sensex ended 770.48 points or 1.29 per cent lower at 58,766.59, while the broader NSE Nifty declined 216.50 points or 1.22 per cent to 17,542.80.
Courtesy: Press Trust of India
Indian equities continued their bull run for fifth week in a row, aided by fresh foreign investment inflows and a modest reduction in inflation in both US and India. This week, the overall market capitalization of BSE-listed businesses reached an all-time high. After more than four months, benchmark index Sensex reached the psychologically important 60,000 barrier on August 17, only to decline on August 19 owing to moderate profit booking. … read-more
In early trade, rupee declined by 12 paise to Rs 79.76 against US Dollar, on August 19. At the interbank foreign exchange, the rupee opened at 79.75 against the US dollar, then fell to 79.76. Furthermore, the dollar index, which gauges the greenback's strength and rose 0.13 per cent to 107.62. Moreover, Sensex was trading 17.07 points higher at 60,315.07, while NSE Nifty was up 15.35 points at 17,971.85.
Indian billionaire business magnate, stock trader and investor Rakesh Jhunjhunwala (62) passed away on August 14 due to a kidney ailment. Jhunjhunwala, India's 36th Richest man with assets worth $5.5 billion, was active in stock market, and was the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. He also sat on boards in Prime Focus Limited, Geojit Financial Services, and others. Business fraternity is mourning… read-more
BSE smallcap and midcap stocks have trailed behind the benchmark Sensex this year, declining 13%, as analysts say these indexes rose faster than the flagship index during the "good days." With the advent of geopolitical tensions, inflation fears, and unrelenting selling by foreign funds, equity markets have experienced several obstacles this year. So far this year, BSE smallcap index has been down 12.95%, while the midcap index has fallen 9.… read-more
Courtesy: Free Press Journal
In early trade on June 29, the Indian currency decreased hitting a low record at 78.96 against the US dollar. At the interbank foreign exchange, the rupee opened at 78.86 against the US dollar, then inched to quote 78.96, registering a slip of 11 paise. Furthermore, Sensex was trading 474.05 points or 0.89% higher at 52,703.40 and the NSE Nifty advanced 137.75 points to 15,712.45.
Courtesy: The Hindu