The rupee slipped to an all-time low of 84.40 against the US dollar, pressured by persistent foreign fund outflows and rising inflation. The Reserve Bank’s intervention has limited sharper declines, but global pressures continue to weigh on the rupee and domestic equities.
13 November,2024 10:35 AM IST | Mumbai
Equity markets declined in early trading on Wednesday as retail inflation surged to 6.21% in October, driven by rising food prices. Continued foreign fund outflows, weak quarterly earnings, and global market trends further pressured the BSE Sensex and NSE Nifty.
13 November,2024 10:29 AM IST | Mumbai
The Sensex and Nifty gained in early trade on Tuesday, driven by value buying and sustained investments from domestic institutional investors. The rally followed optimism in the US markets.
12 November,2024 10:20 AM IST | Mumbai
The Indian rupee fell by 2 paise to 84.40 against the US dollar, marking a new all-time low in early trade on Tuesday. Persistent foreign fund outflows and a stronger US dollar continue to pressure the currency.
12 November,2024 10:12 AM IST | Mumbai
The Sensex and Nifty indices fell in early trade on Monday, weighed down by continued foreign fund outflows, disappointing quarterly earnings, and weak Asian market trends. Stocks like Asian Paints saw sharp declines, while a few others showed gains.
11 November,2024 10:13 AM IST | Mumbai
The Indian rupee slips to an all-time low of 84.38 against the US dollar in early trade, weighed down by foreign fund outflows and a weak trend in domestic equities. Forex traders expect continued pressure unless there is a slowdown in outflows or a softening in the dollar index.
11 November,2024 10:08 AM IST | Mumbai
Foreign portfolio investors (FPIs) have sold Rs 19,994 crore worth of Indian equities in the first five trading sessions of November, exacerbating market volatility and raising concerns over stability.
09 November,2024 02:34 PM IST | New Delhi
Foreign institutional investors (FII) withdrew significant amounts from India on November 8, 2024, yet total FII investment for the year remains strong at USD 18.24 billion, according to an SBI report. The report highlights the country’s robust economic growth and market conditions amidst global challenges.
08 November,2024 11:48 AM IST | Mumbai
In early trade, the rupee reached a historic low of 84.37 against the US dollar, influenced by steady foreign fund outflows and a subdued equity market. Forex experts suggest the Reserve Bank of India’s response will be pivotal in managing ongoing currency volatility.
08 November,2024 10:41 AM IST | Mumbai | mid-day online correspondent
Sensex soared by 901 points to reach 80,378, while Nifty climbed 270 points to close at 24,484, supported by strong IT stocks and broad-based sector gains.
06 November,2024 03:50 PM IST | MumbaiADVERTISEMENT
