The Reserve Bank of India‘s defence to prevent the rupee from sliding to a record low has likely extended to currency futures, three bankers and two analysts said on Friday. Earlier this week, Reuters reported that the RBI has been intervening in non-deliverable forwards and the onshore over-the-counter (OTC) market to keep the rupee from […]
Category: 阿拉爱上海
FPIs take out Rs 9,800-cr in October on rise in US bond yields, geopolitical uncertaintiesFPIs take out Rs 9,800-cr in October on rise in US bond yields, geopolitical uncertainties
Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, […]
FII, DII data: FPIs sold shares worth Rs 421cr, DIIs bought shares worth Rs 1032cr on October 11, WednesdayFII, DII data: FPIs sold shares worth Rs 421cr, DIIs bought shares worth Rs 1032cr on October 11, Wednesday
Foreign institutional investors (FII) offloaded shares worth net Rs 421.77 crore, while domestic institutional investors (DII) added shares worth net Rs 1,032.02 crore on October 11, 2023, according to the provisional data available on the NSE. For the month till October 11, 2023, FIIs sold shares worth net Rs 9,067.08 crore while DIIs bought shares […]
Rupee to face strong resistance near 82.80, slip back to 81.80 amid softening crude oil prices, USD correctionRupee to face strong resistance near 82.80, slip back to 81.80 amid softening crude oil prices, USD correction
By Raj Deepak Singh, Analyst, ICICI direct Rupee appreciated last week amid weakness in dollar, softening of crude oil prices and upbeat economic data from country. India’s GDP grew by 6.1% in Q4FY23, pushing the overall growth rate to 7.2% for FY23 despite global headwinds. Dollar retreated as disappointing economic data from US and comments […]
BoI offers 7.5 per cent interest rate on 175-day special fixed depositBoI offers 7.5 per cent interest rate on 175-day special fixed deposit
State-run Bank of India (BoI) on Tuesday introduced a new bulk deposit scheme offering 7.50 per cent per annum on deposits of Rs 2 crore and above having a 175-day tenure. The city-based bank was offering an interest rate of 6 per cent for a similar amount for 174-day deposits earlier. The new offer is […]
GradRight claims to process loans worth $2 billion in last two years; aims to further expand into international markets GradRight claims to process loans worth $2 billion in last two years; aims to further expand into international markets
GradRight, an ed-fintech firm, claims to have reached out to about two lakh students from tier-2 and tier-3 cities. Approximately 90,000 students actively engage with the platform to determine their optimal college choices and identify suitable loan options, it stated. GradRight claims to assist students throughout the process of filing applications besides loan procedures, providing […]
28 IPOs worth Rs 38,000 crore to hit the street in second half of FY2428 IPOs worth Rs 38,000 crore to hit the street in second half of FY24
After a record 31 initial share sales in the first half of this fiscal, the IPO pipeline looks strong with 28 firms eyeing to raise Rs 38,000 crore in the second half and another 41 awaiting Sebi’s nod to launch initial public offerings worth Rs 44,000 crore, a report said. Fund raising through initial public […]
Nifty to surpass 19400 or give up gains? See GIFT Nifty, FII data, F&O ban, crude, more before market opensNifty to surpass 19400 or give up gains? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty was 0.03% lower during Tuesday’s early trading session at 19,382, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Domestic benchmarks NSE Nifty 50 and BSE Sensex broke their two-day slide on Monday. Sensex rose by 0.41% to 65,216.09, and Nifty 50 increased by 83 points, settling nearly at […]
Markets to focus on global trends, trading activity of foreign investors this week: AnalystsMarkets to focus on global trends, trading activity of foreign investors this week: Analysts
Global trends, trading activity of foreign investors and movement of oil benchmark Brent crude would dictate terms in the domestic markets this week, analysts said. Equity markets, which fell nearly 3 per cent last week, may face volatile trends amid the monthly derivatives expiry on Thursday. “This week marks the September month Futures and Options […]
Rupee rises 19 paise to close at 82.94 against US dollarRupee rises 19 paise to close at 82.94 against US dollar
The rupee recovered from its all-time low levels and settled for the day higher by 19 paise at 82.94 (provisional) against the US dollar on Tuesday, as the American currency retreated from its elevated levels.Forex traders said the rupee appreciated tracking a weak tone in the US dollar. However, selling pressure by foreign investors amid […]