Rupee rises 2 paise against US dollar
Mumbai, Sep 6 (PTI) The rupee gained 2 paise to close at 83.95 against the US dollar on Friday, tracking a weak greenback against major crosses overseas. However, a negative trend in domestic domestic equities and foreign fund outflows capped the gains in the local unit, forex traders said. At the interbank currency market, the […] Key Points
ThePrintRupee falls 6 paise to 83.91 against US dollar
Mumbai, Sep 2 (PTI) The rupee declined 6 paise to close at 83.91 against the greenback on Monday on disappointing domestic macroeconomic data. However, positive domestic markets, wherein both the benchmark indices scaled lifetime high levels and foreign fund inflows cushioned the downside. Moreover, easing crude oil prices supported the local unit and restricted further […] Key Points
ThePrintIndia becomes third-largest domestic airline market
the number of airports in the country has increased to 157 from 74 in the last 10 years. Driven by robust growth in the aviation sector in the last decade, India... Key Points
The Tribune IndiaCould taking on India cost Muizzu elections in Maldives?
India News: Explore the political crossroads in Maldives and its impact on President Mohammed Muizzu's elections. Find out how the row with India and domestic developments are shaping the future of the archipelago nation. Key Points
Times Of IndiaRupee rises 18 paise to 82.77 against US dollar in early trade
India Business News: The domestic currency opened at 82.82 and touched 82.77 against the greenback, registering a rise of 18 paise. The rupee strengthened for the eighth c Key Points
Times Of IndiaRupee gains 1 paisa against US dollar
Mumbai, Jan 9 (PTI) The rupee on Tuesday closed marginally up by 1 paisa at 83.13 against the US dollar, advancing its gains for the fifth straight session, tracking positive domestic equities. Lower crude oil prices in the international market also supported the domestic unit, forex traders said. At the interbank foreign exchange market, the […] Key Points
ThePrintRupee settles almost flat against US dollar
Mumbai, Jan 8 (PTI) The rupee pared all its initial gains to settle just 1 paisa higher at 83.14 against the US dollar on Monday, as the support from lower crude oil prices in international markets was offset by a weak trend in domestic equities. A strong greenback against major rivals overseas also dented sentiment, […] Key Points
ThePrintRupee rises 5 paise to 83.19 against US dollar in early trade
India Business News: The Indian rupee appreciated 5 paise to 83.19 against the US dollar supported by positive domestic equities and foreign fund inflows. However, the Ind Key Points
Times Of IndiaIndia will have to eventually move to lower customs duty regime, says DPIIT Secy Rajesh Kumar Singh
India will eventually move to a lower customs duty regime and cannot continue protecting domestic manufacturers by citing the infant industry argument. The Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said tariffs are not considered a revenue source but are used as a policy tool to ensure higher protection for certain sectors to boost domestic manufacturing. Key Points
Economic TimesIndian-origin couple, daughter found dead in their US mansion, domestic violence suspected
The bodies of Rakesh Kamal, 57, his wife, Teena, 54, and their 18-year-old daughter, Ariana, were found in their Dover mansion. The district attorney said a gun was found near the husband’s body. Key Points
ThePrint
Gold vaults to all-time high
Gold prices rally in international market, impacting domestic prices. Prices breach Rs 64,000/10 grams mark on MCX. Sharp correction follows, falling Key Points
Times Of IndiaSaudi Arabia introduces new work visa rules for foreign domestic workers
This move comes as part of Saudi Arabia's efforts to streamline and regulate the domestic labor market. The Ministry of Human Resources has established the Musaned platform to empower customers with information about their rights, duties, and related services. These services encompass visa issuance, recruitment requests, and the contractual relationship between employers and workers. Key Points
Economic TimesETMarkets Smart Talk: Real estate sector is witnessing a multi-year cycle: Dr. Poonam Tandon
We believe the long-term capex story remains intact as we are seeing a massive shift in the capex cycle benefiting from the China plus strategy. For us the domestic capex story remains intact and consumers and corporate sentiments are resilient with a steady macro regime post-COVID, but we do not rule out the volatility as the hardening of USD and crude oil prices could pose a challenge in the interim. Key Points
Economic TimesSEZs should be allowed to sell goods in domestic market on payment of duty foregone on inputs: GTRI
Think tank Global Trade Research Initiative (GTRI) has suggested that the government of India should consider allowing the sale of products manufactured in Special Economic Zones (SEZs) in the domestic market on payment of duty foregone on inputs. This will enable promotion of value addition, the organization suggested. Key Points
Economic TimesRupee falls 6 paise to end at 83.28 against US dollar
India Business News: The Indian rupee closed 6 paise lower at 83.28 against the US dollar on Friday due to sustained foreign fund outflows. The rupee remained range-bound Key Points
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Japan's Nomura Q2 net profit doubles on solid domestic businesses
Nomura Holdings (8604.T), Japan's biggest brokerage and investment bank, on Friday reported second-quarter net profit doubled, driven by a surge in equity offerings in a strong domestic stock market. Key Points
ReutersIndian shares set to open lower on Middle East tension, US rate jitters
Indian shares are set to open lower on Wednesday, as intensifying conflict in the Middle East and worries of a prolonged high interest rate regime after a better-than-expected U.S. retail sales data hurt sentiment. Key Points
ReutersNot geopolitical tension, worried more about higher for longer rates: Sampath Reddy
“The domestic facing sectors have been currently doing much better especially the financials. The export-oriented sectors, especially IT, are still facing challenges in terms of overall growth. That is why the domestic facing sectors are much preferred. But within the exports, especially the pharmaceutical export, the generic pharmaceutical exports segment continues to do well. ” Key Points
Economic TimesIndian shares tread water as rate worries dent risk appetite
Indian benchmark Nifty (.NSEI) traded in a narrow range on Tuesday as traders held off making big bets amid continued selling by foreign investors, while domestic institutional buying offered some cushion. Key Points
ReutersMore flights coming to Chennai Airport soon as AAI plans big modifications
Chennai airport is to create two domestic terminals to handle more flights during peak hours after the refurbishment of an unused arrival terminal. The changes will be made to the old international departure terminal and the ground-floor arrival terminal after a security inspection of the site. The upgrade is expected to increase the airport's capacity to almost 19 million passengers a year. Key Points
Economic Times
Rupee falls 3 paise to 81.93 against US dollar
At the interbank foreign exchange, the domestic unit opened lower at 81.93 and moved in the range of 82.01 to 81.90 during intra-day. Key Points
FinancialexpressStocks To Watch: Adani Enterprises, Kalyan Jewellers, Hindustan Unilever, Dr Reddy’s, MOFSL, ABB India
Buzzing stocks: The SGX Nifty hinted at a flat open for domestic equities on Monday. Here's a look at the key stocks to watch in trade today. Key Points
FinancialexpressRupee up 30 paise to 81.95 against U.S. dollar
The rupee rose by 30 paise to 81.95 against the U.S. dollar in early trade on Friday amid gains in domestic equities and losses in crude oil prices. Key Points
The HinduRupee rises three paise to 82.40 against U.S. dollar in early trade
The Rupee gained three paise to 82.40 against the U.S. dollar in early trade on June 13 supported by positive macroeconomic data and a firm trend in domestic equities. Key Points
The HinduRupee rises 4 paise to close at 82.43 against U.S. dollar
The rupee gained 4 paise to settle at 82.43 (provisional) against the U.S. dollar on June 12, supported by easing crude oil prices and a positive trend in domestic equities. Key Points
The Hindu
Rupee rises 3 paise against US dollar
Mumbai, Jun 6 (PTI) The rupee consolidated in a narrow range to settle 3 paise higher at 82.60 against the US dollar on Tuesday amid a muted trend in domestic equities and fresh foreign fund inflows. The rupee is trading in a narrow range as market participants are vigilant ahead of the RBI’s monetary policy […] Key Points
ThePrintRupee slips three paise to 82.12 against U.S. dollar in early trade
The Rupee declined three paise to 82.12 against the U.S. dollar in early trade on May 12, weighed down by a negative trend in domestic equities. Key Points
The HinduRupee rises 10 paise to 81.72 against U.S. dollar
The rupee gained 10 paise to 81.72 against the U.S. dollar in early trade on May 2 tracking a weak American currency and a firm trend in domestic equities. Key Points
The HinduRupee falls 12 paise to 81.97 against U.S. dollar
The rupee depreciated 12 paise to 81.97 against the U.S. dollar in early trade on April 17 Key Points
The HinduMarket Open: Rupee falls 12 paise to 81.97 against US dollar
At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar, then fell to 81.97, registering a decline of 12 paise over its last close. Key Points
mint
Rupee rises 11 paise to 82.01 against U.S. dollar
The Rupee gained 11 paise to 82.01 against the U.S. dollar in early trade on April 12 tracking a positive trend in domestic equities and foreign fund inflows. Key Points
The HinduRupee rises 24 paise to 81.78 against U.S. dollar
The rupee gained 24 paise to 81.78 against the U.S. dollar in early trade on April 10 tracking a positive trend in domestic equities and foreign fund inflows. Key Points
The HinduIndia initiates anti-dumping probe into import of sodium cyanide from China, EU, Japan, Korea
If it is established that the dumping has caused material injury to domestic players, DGTR would recommend the imposition of anti-dumping duty on these imports. The finance ministry takes the final decision to impose duties. Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports. Key Points
Economic TimesRupee rises 24 paise to 81.73 against US dollar in early trade
India Business News: At the interbank foreign exchange, the domestic unit opened at 81.85 against the dollar, then climbed to 81.73, registering a rise of 24 paise over it Key Points
Times Of IndiaIndia is flying high again: domestic numbers touching pre-pandemic levels
In terms of passenger revenue kilometres, the domestic aviation market was a mere 2.2 per cent shy of reaching pre-pandemic levels, shows a report by an industry body. Revenue Passenger Kilometers (RPK) is a key metric in the aviation industry that measures the demand for air transport. ICRA estimated domestic passenger traffic growth at 8-13 per cent next fiscal, post the 55-60 per cent expansion in FY2023, to reach 145-150 million, which is much higher than the pre-Covid levels. Key Points
Economic Times
'These naysayers...': Jaishankar on criticisms over delay in signing India-UK FTA
'These naysayers...': Jaishankar on criticisms over delay in signing India-UK FTA Key Points
India TodayLonger term growth for private banks can be faster than industry: Karthikraj Lakshmanan, UTI AMC
The markets may be volatile closer to general elections as we have seen in the past instances and have seen varied market reactions for different outcomes. However, eventually, the market fundamentals along with continuity of reform measures and fiscal prudence matters more for the equities. Hence, the approach needs to be far more focused on long term fundamentals than rejig the portfolio for general elections or any other event when it comes to long-term investing. Key Points
Economic Timesdomestic output rises, coal imports dip 40% in April-December
India Business News: domestic coal production and supply have led to a 40% dip in coal imports for blending at power plants in the April-December period. Despite a 10% increase in thermal generation, coal import for blending decreased to 17 million tonnes from 28.7 million tonnes in the previous corresponding period. This indicates a reduced dependence on imported coal for power generation in India. Key Points
Times Of IndiaRupee gains 4 paise against US dollar
Mumbai, Dec 29 (PTI) The rupee appreciated 4 paise to settle at 83.16 against the US dollar on the last trading day of 2023, helped by a weak greenback against major rivals overseas and renewed foreign capital inflows amid lower crude oil prices. However, subdued domestic equity markets and increased month-end dollar demand from importers […] Key Points
ThePrintRupee slips 2 paise against US dollar
Mumbai, Oct 6 (PTI) The rupee declined 2 paise to settle at 83.27 against the US dollar on Friday after the Reserve Bank kept the repo rate unchanged in its fourth consecutive monetary policy review. Unabated foreign fund outflows and elevated levels of the greenback pressured the local unit, according to forex traders. However, a […] Key Points
ThePrintRupee falls 14 paise to close at 83.20 against US dollar
New Delhi, Oct 3 (PTI) The rupee depreciated 14 paise to close at 83.20 against the US dollar on Tuesday, as a strong US dollar and weak domestic equities dented investor sentiments. Forex traders said muted domestic macroeconomic data and sustained FII outflows also mounted downside pressure on rupee. At the interbank foreign exchange market, […] Key Points
ThePrintFPI buying powers Sensex, Nifty to new closing highs
The Nifty and the Sensex each closed up 0.74% at 18,826 and 63,384.58, marginally shy of their record intra-day highs of 18,887.6 and 63,583.07 on 1 December Key Points
mintStocks To Watch: Vedanta, Lupin, SBI Life, TechM, Bajaj Finance, Bajaj Finserv, Indian Oil, NTPC
Buzzing stocks: The SGX Nifty hinted at a positive start for domestic indices Nifty and Sensex in trade today. Here's a look at the key stocks to watch in trade. Key Points
FinancialexpressIndia’s domestic air passenger traffic grew to 1.20 cr in Feb 2023: DGCA
The growth in traffic was led by market leader IndiGo, which flew 67.42 lakh passengers during the previous month, cornering 55.9 per cent of the total domestic passenger traffic in February 2023. Key Points
Financialexpressdomestic LPG price hiked by Rs 50 per 14.2-kg cylinder, first hike since July 2022
With this price increase, in effect from March 1, a 14.2-kg domestic LPG cylinder has been priced at Rs 1,103 in Delhi, Rs 1,102.50 in Mumbai, Rs 1,129 in Kolkata, and Rs 1,118.50 in Chennai Key Points
The Indian Express
domestic staff may get minimum wage, pension ahead of general elections
The Labour Bureau, under the ministry of labour and employment, has conducted an all-India domestic workers' survey and is in the process of finalising it. The government will work on cost implications after examining the data and work profile before arriving at the contours of the proposed social security benefits. Key Points
Economic TimesFormer Indian envoy to Australia ordered to pay AU$ 1,00,000 penalty for underpaying domestic staff
The fine comes on top of a previous order in November 2023 that required Navdeep Suri to pay his staff member AU$ 1,36,276.62 plus interest. Key Points
ThePrint