Blogs & Updates
Indian Rupee Faces Dollar Strength Amid Fed’s Hawkish Stance
In early Thursday trading, the Indian rupee displayed a slight weakening trend as exporters engaged in dollar sales, offsetting concerns about the surge in U.S. Treasury yields following a hawkish Federal Reserve policy. Here's a summarized look at the key points: The...
Financial Market Update: Stocks, Rupee, Bonds, and More
In a recent turn of events, the Indian financial market has witnessed significant fluctuations across various sectors. Here's a brief overview of the key highlights: 1. Stocks: SENSEX and NIFTY Face Declines The benchmark BSE Sensex saw a drop of 455.17 points,...
INR Marginally Weaker Against US Dollar Amidst Global Factors
In a recent development, the Indian rupee opened slightly weaker against the US dollar on September 21, influenced by broader global trends. Here's a concise summary: At 9.10 am, the rupee was trading at 83.12 against the dollar, marking a marginal 0.05 percent...
Global Central Banks: Key Policy Decisions Awaited
This week marks a significant juncture for the world's most influential central banks, with four of them poised to announce monetary policy decisions. Here's a quick overview of what to expect: Federal Reserve: The Fed is first in line, with an announcement scheduled...
RBI Initiates Data Quality Index for Commercial and Microfinance Segments
In a move aimed at enhancing data quality and monitoring, the Reserve Bank of India (RBI) has instructed credit information companies (CICs) to establish a common Data Quality Index (DQI) for both commercial and microfinance segments. The introduction of DQIs will aid...
India Ratings & Research Raises GDP Growth Forecast, Highlights Consumption Concerns
India Ratings & Research has revised its GDP growth projection for India in 2023-24, increasing it by 30 basis points to 6.2%. However, the agency has issued a warning about the sustainability of current domestic consumption levels. Principal Economist Sunil Sinha...
Indian Rupee Gains Amid Dollar Sales and Easing Oil Prices
The Indian rupee saw a positive turn on Wednesday, thanks to likely dollar sales by the Reserve Bank of India (RBI) and a decline in crude oil prices, which helped prevent the currency from reaching a record low. Closing at 83.0725 against the U.S. dollar, the rupee...
Federal Reserve Expected to Hold Rates Steady, But a November Hike Looms
The U.S. Federal Reserve is poised to maintain its current interest rate range of 5.25% to 5.50%, according to analysts at DZ Bank Research. However, they suggest that despite this anticipated decision, the central bank is likely to signal a forthcoming rate increase....
Indian Rupee Holds Steady Amid Central Bank Intervention and External Pressures
The Indian rupee managed to maintain its stability on Wednesday, thanks to intervention by the Reserve Bank of India (RBI) in both the non-deliverable forward (NDF) and over-the-counter (OTC) markets. Despite these efforts, analysts are revising their forecasts for...
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