Skip to main content

Finance & Markets

Rupee rises to intra-day high, then slips on dollar demand

The Indian rupee gained marginally, closing at 96.73 against the dollar on Friday after interventions. The Reserve Bank of India sold dollars through state-owned banks to influence the currency's value. Reserve Bank governor Sanjay Malhotra stated that the currency is undervalued and needs stabilization. Despite this, there remains an overall strong demand for dollars from companies.

economictimes.indiatimes.com ·2h ago

We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

More in Finance & Markets

Bond market turmoil keeps lid on equity gains

RECAP: Asian stocks were mixed on Friday as investors fretted about bond &zwnj;market turmoil and the sustainability of the AI investment boom, while support came from a drop in oil prices after US…

2h ago ·bangkokpost.com

Cardoso: Nigeria’s Net External Reserves Hit $46bn, Links Stronger Buffers to FX Stability, Investor Confidence

Nume Ekeghe Nigeria’s net external reserves have climbed to a record $46 billion, strengthening the country’s capacity to meet foreign exchange (FX) obligations and further boost investor confidence.

Nigeria's net external reserves hit $46 billion, record high
Governor Olayemi Cardoso attributes strength to reserves
Reserves boost investor confidence and FX stability

2h ago ·thisdaylive.com

Food basket gap leaves South African households choosing cost over nutrition

A September food basket comparison shows that a nutritious diet for a family of seven costs R1 167 more than the average household food basket, increasing pressure on families to prioritise…

2h ago ·iol.co.za

Poonawalla Fincorp Q2 profit soars five-fold YoY to Rs 375 crore

Poonawalla Fincorp reported a remarkable net profit of ₹375 crore for the second quarter, marking impressive year-on-year growth.

2h ago ·economictimes.indiatimes.com

Gold hits one-week high, heads for weekly gain on bargain-hunting

Gold prices surged as investors seized the opportunity to buy low after a recent dip to a two-month low. Currently, spot gold has ascended to around $4,190.49 and is on track for a weekly increase.

2h ago ·economictimes.indiatimes.com

IT stocks surge despite US immigration curbs

On Friday, Indian IT stocks experienced an impressive surge, spearheaded by a remarkable 4.2% jump in Tata Consultancy Services shares.

Nifty IT index rises 3% despite US immigration curbs
TCS shares up 4.2% as positive factor for IT stocks
OpenAI's lower revenue run rate eases AI concerns

2h ago ·economictimes.indiatimes.com

More from Saturday 10 October →