Anupreksha JainKishor Kadam

2 months ago | financialexpress.com | Anupreksha JainKishor Kadam |Anupreksha Jain |Kishor Kadam

The Indian rupee and benchmark equity indices ended flat on Thursday, a day ahead of Prime Minister Narendra Modi and US President Donald Trump’s high-stakes meeting. The rupee closed at 86.8963 to the US dollar, compared with 86.8887 in the previous session. Traders noted that the rupee was likely being supported by the RBI, possibly around the 86.90/$ level.

2 months ago | financialexpress.com | Anupreksha JainKishor Kadam |Anupreksha Jain |Kishor Kadam

The rupee plunged to a new record low and the benchmark indices ended in the red after on Monday as US president Donald Trump’s aggressive tariff policies against Mexico, Canada and China and the latest threat against Europe triggered fears of a global trade war. The rupee breached the 87/$ mark for the first time. It slumped 58 paise, ending at 87.195/$ against the previous close of 86.616/$, marking its biggest single-day loss since January 13. During the day, the rupee fell to a low of 87.2950.

2 months ago | financialexpress.com | Anupreksha JainKishor Kadam |Anupreksha Jain |Kishor Kadam

The Reserve Bank of India’s (RBI’s) measures to ease the liquidity in the banking system by infusing around Rs 1.5 lakh crore led to a relief rally on Tuesday. Leading banking stocks like HDFC Bank, ICICI Bank and Axis Bank were the top gainers, contributing almost 90% to the Sensex’s gains. At the same time, after falling by 6 basis points intra-day, bond yields were flat at the end of the trading session. Both the Sensex and Nifty gained almost 1.5% in the morning trade.

Jan 7, 2025 | financialexpress.com | Anupreksha Jain |Kishor Kadam |Anupreksha JainKishor Kadam

The rupee snapped a five-day losing streak and recorded its biggest single-day in more than a month on Tuesday, as reports suggested that US President-elect Donald Trump is likely to be less aggressive with his policies on tariff. Other Asian currencies, too, gained between 0.2% and 0.9% vis a vis the greenback. The rupee, after hitting an intra-day low of 85.80/$, settled at 85.72, a gain of 11 paise, or 0.12%, over the previous close.