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SpanishTag: Trading
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Rupee falls 8 paise versus the dollar, reaching a new low of 77.82.
In early trading on Friday, the rupee fell 8 paise to a new low of 77.82 versus the US dollar, reflecting the greenback’s rise in the international market. At the interbank foreign exchange, the rupee began weakly versus the dollar at 77.81, before losing momentum to quote at 77.82, an all-time low, a drop of […]
June 10, 2022
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The rupee falls to an all-time low of 77.74 per dollar
The rupee fell to a new all-time low against the US dollar on Wednesday, ending at 77.74, slightly lower than its previous close of 77.71. Despite continued foreign capital outflows and higher global crude oil prices, the local currency traded in a limited range. The previous low was set on May 19, when it closed […]
June 9, 2022
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The stock prices of MRPL and Chennai Petroleum have risen by 19% as a result of positive business prospects
In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes. The fact that the Singapore gross refining margin (GRM) has risen to a new high of $25.2 per barrel is good […]
June 7, 2022
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The rupee begins the day with a gain against the US Dollar
In early trade on Thursday, the rupee was trading higher versus the US dollar. However, due to a stronger dollar in outside markets, the immediate gain was limited. On the interbank forex market on Thursday, the rupee rose 3 paise to 77.52 against the US dollar. Meanwhile, in early morning activity on Thursday, stock markets […]
May 26, 2022
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The Sensex drops 236 points in turbulent trade, reversing early gains
On Tuesday, equity indices failed to hold onto their morning gains, with the Sensex dropping 236 points due to a sell-off in information technology firms and negative global market trends. The 30-share BSE benchmark opened higher but was unable to maintain its gains, falling 236 points, or 0.43 percent, to 54,052.61. It traded between 53,886.28 […]
May 25, 2022
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Bank of Baroda expects ECB inflows to reduce as interest rates rise and the currency depreciates
According to Bank of Baroda, corporate India’s offshore fundraising through external commercial borrowings (ECBs) may reduce in the coming months as monetary policy tightens and the rupee continues to depreciate. ECBs have become a significant source of funding for businesses, including public sector entities. In reality, as of the end of December 2021, ECBs amounted […]
May 24, 2022
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India’s foreign exchange reserves have plummeted by $1.7 billion, reaching a one-year low
According to Reserve Bank of India (RBI) data released on Friday, India’s forex reserves fell by USD 1.774 billion to USD 595.954 billion for the week ended May 6 due to a drop in core currency assets. Overall reserves fell by USD 2.695 billion to USD 597.728 billion in the preceding reporting week, dropping below […]
May 18, 2022
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Gokaldas Exports rises 9% to an all-time high, indicating a positive business outlook
On the back of a positive business outlook, Gokdaldas Exports’ stock hit an all-time high of Rs 505.65 on the BSE in intra-day trade on Wednesday. The company’s stock, which is in the textiles and apparel business, has surpassed its previous high of Rs 488, which it reached on May 5, 2022. It has outpaced […]
May 18, 2022
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Metal stocks rise on renewed demand expectations; Hindalco and Vedanta both gain 7%
Metal stocks were in focus on Tuesday, as the Nifty Metal index rose 4% on the National Stock Exchange (NSE) amid hopes of a resurgence in Chinese demand and bargain buying. Individual stocks like as Vedanta and Hindalco Industries both rose 7% to Rs 307.70 and Rs 419.70, respectively. Apart from that, Hindustan Copper, National […]
May 17, 2022
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As investors seek safe haven assets, the rupee hits a new all-time low
The rupee struck a new all-time low versus the dollar in early trade on Tuesday, trading at 77.78/$, as the dollar strengthened against other foreign currencies, prompting investors to seek safe haven assets. This is the second trading session in a row that the Indian currency has dropped to new lows. The rupee touched an […]
May 17, 2022