Metal Stocks Rise On Renewed Demand Expectations; Hindalco And Vedanta Both Gain 7%

Financial News

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 Aluminium Company, JSW Steel, and Tata Steel also had gains of The Nifty Metal index was the highest gainer among sectoral indexes at 10:36 a.m., gaining 4.4 percent versus 1.3 percent […]

As investors seek safe haven assets, the rupee hits a new all-time low

Financial News

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 […]

Rupee falls to a new low of 77.58 against the US dollar

Financial News

The Indian rupee fell to a new record low against the US dollar on Thursday, echoing losses across Asian rivals. The drop in global and local shares following the US inflation report pointed to more aggressive Fed tightening amid deteriorating investor confidence hit down by the global economic slowdown The currency began trading at 77.56 […]

To protect the rupee, the RBI may be cautious about spending FX reserves

Financial News

Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is expected to increase throughout the year To save ammunition amid a broad dollar surge spurred by expectations […]

In early trade, the rupee rose 17 paise to 77.17 against the US dollar

Financial News

In early trade on Wednesday, the rupee rose 17 paise to 77.17 against the US dollar, as the American currency fell from its recent highs The rupee began at 77.24 versus the dollar on the then gained further ground to quote at 77.17, up 17 paise from the previous close. The rupee also hit a […]

Investors are panicking as Bitcoin falls below the $30,000 level

Financial News

On Tuesday, the global cryptocurrency market reached its lowest point in history, with Bitcoin falling below $30,000 a coin, sending millions of investors into a panic The whole global cryptocurrency market fell 13%, hovering around $1.37 trillion in market capitalization, its lowest level this year Bitcoin had dropped more than 55% from its all-time high […]

As crude oil prices rise, the rupee falls to an all-time low of 77.42 per dollar

Financial News

The Indian rupee has broken over the 77-per-dollar barrier for the first time, owing to rising and a growing trade deficit The rupee was trading at 77.32 per dollar, 41 paise lower than its previous cloese lkThe US Federal Reserve’s hawkish posture has resulted in higher US bond yields, with the dollar index reaching a […]