The rupee is set to breach the 86 level this week as the dollar strengthens against most currencies. MUMBAI: RBI governor Sanjay Malhotra faces his first major challenge after taking office last month. The rupee is set to breach the 86 level this week as the dollar strengthens against most currencies. This will impede efforts…
Foreign portfolio investors (FPIs) withdrew Rs 4,285 crore from Indian equities during the first three trading days of January, reflecting apprehension ahead of the third-quarter earnings season and concerns over high stock valuations. This follows a net inflow of Rs 15,446 crore in December 2023, according to depository data.This shift in investor sentiment is attributed…
New RBI governor Sanjay Malhotra MUMBAI: RBI’s incoming governor Sanjay Malhotra faces the challenge of balancing economic growth, inflation, and exchange rate stability – a battle that outgoing governor Shaktikanta Das was still fighting. At the same time, he has to deal with regulatory reforms affecting bank lending, curbing digital fraud, and addressing retail financial…
Foreign portfolio investors (FPIs) have pulled out Rs 26,533 crore from the Indian equity market in Nov so far, owing to increasing allocations to China, concerns over muted Q2 earnings and elevated valuation of stocks. IPL 2025 mega auction IPL Auction 2025: Who got whom IPL 2025 Auction: Updated Full Team Squads Ready to Master…
MUMBAI: Foreign exchange reserves fell by nearly $18 billion in the week ending Nov 15-the sharpest fall on record-as global investors continued pulling out funds from Indian stock markets.According to RBI data, forex reserves declined by $17.8 billion to $657.9 billion during that week. The decline was largely due to a $15.5 billion drop in…
MUMBAI: The sensex on Thursday tanked 836 points as the euphoric rally stemming from Trump’s win in the US presidential election dissipated. The benchmark index retreated below the 80K mark again to settle at 79,541 points as foreign portfolio investors offloaded Indian equities worth Rs 4,889 crore. On the other hand, domestic institutional investors remained…
MUMBAI: The rupee dropped to a fresh low against the dollar on Thursday, pressured by sales from foreign portfolio investors in the equity markets and a stronger dollar, amid expectations that Donald Trump’s US presidential win would boost the American currency. The rupee touched 84.38 during the session before settling at 84.37, marking a 0.1%…
This is a representational image (Pic credit: Lexica) MUMBAI: A feel-good rally on the back of Donald Trump winning the US presidential election helped the sensex close above the 80K mark again on Tuesday with the index up 902 points or 1.1% at 80,378 points. Software and metal stocks led the rally that was backed…
The sensex and Nifty scaled new life-highs in Tuesday’s session, with the former rallying past the 85,000 mark for the first time and the Nifty scaling the 26k peak, before both indices closed barely changed.While the sensex ended the day at 84,914 – down 15 points – Nifty ended at 25,940, up just 1 point….
