Amid a spurt in the US Dollar index and bond yields, foreign institutional investors or FIIs are back to selling mode on Dalal Street. Last Friday alone, FIIs dumped Indian stocks worth around Rs 2,900 crore, shows NSDL data. FIIs, which were net buyers to the tune of over Rs 51,000 crore last month, have … Read more
Globally, gold prices are languishing near a two-and-a-half-year low, weighed down by a rapid rise in global interest rates and a surging US dollar. The benchmark London gold has corrected by about 20 per cent from its March high when the Russian-Ukraine tensions shot up gold prices to near record peaks. Meanwhile, domestic prices are … Read more
Mumbai: The rupee plunged more than a percentage point to a new low of 80.87 to the dollar Thursday, a day after the US Federal Reserve raised benchmark rates with a hawkish undertone, bringing back the fear of overseas capital outflows from emerging markets including India. Stocks also fell, tracking the decline in global markets … Read more
It seems for the fourth straight month, the greenback will end with a huge gain, all thanks to the US Federal Reserve Bank. In fact, except for May, in the entire 2022, the greenback has stayed buoyant. Nothing has changed in case of a trend. The US dollar skyrocketed to a new 24-year high against … Read more
New Delhi: Riding high on the back of buying by FIIs, healthy monsoon and better than expected earnings season, Sensex has rallied over 2,800 points in just four days to scale 58,000. Analysts believe that if the US dollar index continues to slide against major currencies, the bounce back in Indian equities may last longer. … Read more
The US economy entering a ‘technical recession’ is not good news for India and the world. But analysts said one should not see too much into the GDP print, as other data points in the world’s largest consumer economy still suggest resilience. If anything, the GDP print could persuade the Fed to go slow on … Read more
India’s central bank has zero tolerance for volatile and bumpy movements in the rupee and will continue to engage with the foreign exchange market to ensure the rupee finds its level, its chief Shaktikanta Das said on Friday. The rupee has been hitting a series of record lows in recent weeks and has broken past … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more
The rupee has dropped nearly 7% against the US dollar in the year to date, falling to a low of Rs 79.96 to a dollar last week and even breaching the psychological 80-mark in the over-the-counter and derivatives markets. Nomura expects INR to fall to `82 in the third quarter of this calendar year. In … Read more
Central banks in Asia that remained dovish even in the face of soaring inflation may see their resolve tested after a surprise tightening by peers in the region leaves their currencies vulnerable to sell-off, according to economists. Thailand, which has kept its key rate at a record low to bolster the economy’s recovery, is seeing … Read more