RBI
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Currency
Rupee Gains Further Against US Dollar After RBI’s Rate Hike
The rupee was trading at 81.61 against the American currency at noon The rupee witnessed range-bound movement on Friday and was trading 12 paise higher at 81.61 against the American currency after RBI monetary policy announcement. At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar and witnessed an early high of 81.45 and a low…
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Market Walk
Sensex, Nifty Fall Ahead Of RBI Decision, Extend Losses For Eight Straight Days
Stock Market India: Sensex falls over 150 points, and Nifty opens in the red Indian equity benchmarks extended their losing streak to eight days in a row, ahead of the Reserve Bank of India’s rate decision, as a deep sell in global stocks hurt investors driven by central banks’ hawkish rhetoric, concerns about a potential global recession, and rising geopolitical risk. The…
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Currency
Rupee Recovers From Record Low, Reflecting A Broader Relief Rally In Risk Assets
Rupee off record lows in a relief rally, but still weak ahead of RBI The rupee gained some ground early on Thursday to recover from a record low in the previous session, stalling a five-session losing streak and mirroring a broader risk assets rally after the British central bank intervened by starting an emergency bond-buying operation to stop a violent sell-off…
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Currency
Rupee Off Record Low As Dollar Takes A Breather From Its Rampant Ascent
The rupee recovered a touch to 81.46 per dollar from its record low of 81.66. The rupee was off its record low on Tuesday as the dollar paused for breath from its rampant ascent even as risks point to a volatile session after the last few days of market mayhem. Bloomberg quoted the rupee last at 81.4588, after opening slightly stronger…
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Market Walk
Sensex, Nifty fall for the third straight session: Key factors weighing on the market
Here’s a look at the key factors fueling the selloff Indian benchmark equity indices lost nearly 2 percent towards the fag-end of the session on September 23 as the market participants felt that an aggressive rate hike by the US Federal Reserve and the slowing of the Chinese economy could weigh on global economic growth. According to analysts at ICICI Securities,…
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Bonds
Bond yields are little changed as traders await the Fed decision, commentary
Bond yields are unchanged as traders anticipate the Fed’s decision Indian government bond yields were largely unchanged in early trading on Wednesday, as markets awaited another round of aggressive monetary policy tightening and commentary from the U.S. Federal Reserve. The benchmark Indian 10-year government bond yield was at 7.2601% as of 04230 GMT, after ending at 7.2645% on Tuesday. It…
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Top News
JP Morgan may include G-Secs in the global bond index as early as next week: Morgan Stanley
Even though the government is yet to make up its mind on the inclusion of G-Secs (government securities) in global bond indices, Wall Street brokerage Morgan Stanley expects index major JP Morgan to make an announcement in this regard as early as next week. For many reasons, including the COVID pandemic, finance minister Nirmala Sitharaman told an industry gathering on…
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Stock Market
Markets extremely volatile and uncertain since Jackson Hole, says RBI Governor
The banking system is healthy enough to withstand any negative spillovers from external headwinds emanating from the Jackson Hole speech by the US Fed, Reserve Bank Governor Shaktikanta Das said on Monday. The governor told the annual gathering of the Fixed Income Money Market and Derivatives Association of India (Fimmda) that the central bank and government have taken enough measures,…
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Top News
FPI inflows hit a 20-month high of Rs 51,200 crore in August
FPI: Foreign investors have pumped in a little over Rs 51,200 crore into the Indian equity markets in August, making it the highest inflow in 20 months, amid improving risk sentiment and stabilization in oil prices. This comes following a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in July, data with depositories showed. FPIs…
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Top News
India bond yields inch higher ahead of debt sale
Indian government bond yields were higher on Friday, tracking a surge in U.S. Treasury yields, as the local market awaited fresh debt supply through a weekly auction. The benchmark 10-year Indian government bond yield was at 7.2426% as of 0505 GMT. The yield rose two basis points on Thursday to end at 7.2146%. The new 10-year 7.26% 2032 bond…
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