The rupee appreciated 3 paise to 83.22 against the US dollar on Wednesday, tracking cues from positive equity markets and a weaker American currency against major rivals overseas. However, selling pressure from foreign equity investors weighed on the Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened at 83.20 and then […]
Day: August 31, 2023
HNIs want to invest in AIFs as debt funds lose long-term tax benefitsHNIs want to invest in AIFs as debt funds lose long-term tax benefits
By Aditya Kanoria Family offices and high net worth investors (HNIs) can now consider alternative investment funds (AIFs) as a realistic option due to the chance to diversify the risk-return mix across asset classes. In addition, investors are interested in portfolio diversification beyond common equities and debt classes to increase returns. AIF investments are driven […]
Spot USDINR makes second weekly gain in a row; all eyes on RBI monetary policySpot USDINR makes second weekly gain in a row; all eyes on RBI monetary policy
By Dilip Parmar The Indian rupee fell to its lowest level since February, amid a softer tone in regional FX impacting the currency backed by a prevailing risk-off sentiment globally and higher crude oil prices. All eyes will be on this week’s RBI monetary policy stance and inflation forecast as it will decide the future […]
M&M market valuation crosses Rs 2 lakh croreM&M market valuation crosses Rs 2 lakh crore
The market capitalisation of Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment. M&M shares closed at Rs 1,636.85 on the BSE, giving the firm a market value of Rs 2.03 lakh crore, according to stock exchange data. […]