RBI purchased $30 billion of foreign exchange in the four months to July to bolster what is already the world’s fifth-largest FX hoard
1 min read20 Aug 2020Rupee closed at 71.21 a dollar, down 0.14% from Monday's close of 71.11. The Indian unit had opened at 71.18.The benchmark equity index, Sensex, fell 0.49% or 205.10 points to close at 41323.81 points. Year to date, the index has gained 0.17%
1 min read21 Jan 2020The market also awaits India’s retail inflation and factory output data on ThursdayThe 10 year bond yield was at 6.665% compared with its previous close of 6.666%
1 min read9 Dec 2019Rising protectionism, slowdown in global trade may increase volatility in the financial markets, says RBI reportAn appreciation of the rupee by 5% could moderate inflation by around 20 bps and GDP growth by around 15 bps from the the baseline
1 min read9 Oct 2019Apart from paying high fuel prices, you may also end up shelling more for education and travel abroadOne of the biggest mistakes people make while planning for an overseas education is ignoring inflation
6 min read17 Sep 2019Amid lack of domestic triggers, equity markets would focus on global cues such as FPI trend, US China trade talks and oil, rupee movement, say expertsConcerns over economic slowdown, muted earnings, auto industry crisis and global trade issues have been weighing on investor sentiment, experts said
1 min read18 Aug 2019The exchange rate tumbled 1.3% to 7.0344 a dollar at 4:45 pm local time after the People’s Bank of China set its daily reference rate at a weaker level than 6.9 for the first time since DecemberThe yuan declined 0.9% in mainland trading last week, its biggest loss since mid-May
1 min read5 Aug 2019FPI pumped in a net sum of ₹1,517.12 crore into equities and ₹9,615.64 crore into debt during 3-14 June, the data showedPrior to this, FPIs had invested a net ₹9,031.15 crore in May, ₹16,093 crore in April, ₹45,981 crore in March and ₹11,182 crore in February in the capital markets
1 min read16 Jun 2019RBI set a premium of ₹8.38 at the 3-year buy-sell swap auction and accepted the entire planned $5 billion up on offerThe RBI has been conducting the auctions in a bid to absorb the dollars in the system and prevent a sharp rise in the currency
2 min read23 Apr 2019Rupee’s 30-day relative strength index has been signaling a pullback for the past five daysThe Sensex rose as much as 0.4%, no doubt boosted by a bullish call from Goldman Sachs
1 min read19 Mar 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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