Markets maintain winning momentum on firm global trends, foreign fund inflows

Markets maintain winning momentum on firm global trends, foreign fund inflows

Equity benchmarks started the trade on a firm note on Thursday, with the Sensex climbing over 362 points, mirroring positive trend in global markets and foreign fund inflows. Buying in IT counters also added to the momentum. The 30-share BSE benchmark gained 362.13 points to 58,712.66. The broader NSE Nifty went up by 102.55 points […]

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Rupee drops 19 paise to record low of 79.45 against U.S. dollar

Rupee drops 19 paise to record low of 79.45 against U.S. dollar

At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49. At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49. The […]

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Rupee rises 6 paise against US dollar in early trade

Rupee rises 6 paise against US dollar in early trade

An RBI article has said India is better placed than many other countries to avoid the risks of potential stagflation with recovery broadly on track, notwithstanding an increasingly hostile external environment. An RBI article has said India is better placed than many other countries to avoid the risks of potential stagflation with recovery broadly on […]

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Rupee hits record low of 77.82 against US dollar in early trade

Rupee hits record low of 77.82 against US dollar in early trade

At the interbank foreign exchange, the rupee opened on a weak note at 77.81 against the American dollar, then lost ground to quote at 77.82. At the interbank foreign exchange, the rupee opened on a weak note at 77.81 against the American dollar, then lost ground to quote at 77.82. The rupee depreciated 8 paise […]

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Exports rose 21% to .7 billion during May 1-21

Exports rose 21% to $23.7 billion during May 1-21

Petroleum products, engineering, and electronic goods’ exports during May 1-21 expanded by 81.1%, about 17% and about 44%, respectively Petroleum products, engineering, and electronic goods’ exports during May 1-21 expanded by 81.1%, about 17% and about 44%, respectively The country’s exports rose by 21.1% to $23.7 billion during May 1-21, on account of healthy growth […]

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