The Indian rupee is likely to open little changed on Tuesday on the back of a recovery in the Chinese yuan and other Asian currencies despite a further rise in U.S. yields. Non-deliverable forwards indicate rupee will open near Monday’s level of 83.1075. “The RBI (Reserve Bank of India) is averse to it (the USD/INR) […]
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Metals shine as index climbs to 17-month high; Chinese stimulus seen aiding property sector, commodity pricesMetals shine as index climbs to 17-month high; Chinese stimulus seen aiding property sector, commodity prices
Shares of metal companies and manufacturers are shining, with the BSE Metals index at a 17-month high. On Monday, the index rose 613.92 points or 2.72% — the biggest gainer among sectoral indices — to 23,156.06. The previous high was 23,595.15 on April 11, 2022. It has comfortably outperformed the benchmark Sensex, gaining 7% over […]