Rupee Rises To 68 Levels For First Time Since April 11: 10 Things To Know
- According to analysts, the rupee was trading in a narrow range as traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East.
- The meeting between US President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions. Uncertainty over whether the talks will produce progress in ending the year-long trade war between the world's two largest economies comes amid signs of rising risks to global growth.
- The yield on 10-year bonds of India, meanwhile, has fallen around 50 basis points so far in 2019.
- The rupee continues to extend its bullish leg against the dollar on the back of sustained FII (foreign institutional investor) inflows and a stable dollar, forex advisory firm IFA Global said in a note.
- Foreign funds pulled out Rs 0.71 crore from the capital markets on a net basis on Thursday, provisional data showed.
- The government is due to release data on infrastructure output and fiscal deficit later in the day.
- The dollar index, which tracks the greenback against a basket of six major rivals, gained less than 0.1 per cent to 96.232, but was still up only about 0.4% from three-month lows hit earlier this week.
- Domestic stock markets gave up all of intraday gains in late morning deals on Friday, with the S&P BSE Sensex index falling more than 200 points from its intraday high.
- In commodity markets, trade worries continued to weigh on oil, with Brent crude futures - the global benchmark for crude oil - last seen trading down 0.68 per cent at $66.10 per barrel.
- “A weekly closing below 68.90 will be crucial and in such a case, 68.50 cannot be ruled out. Next week, the euphoria ahead of Budget announcement and the outcome of the G20 meeting will play a major role,” IFA Global added.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
