By Nimesh Vora MUMBAI (Reuters) – The Indian rupee declined against the U.S. currency on Thursday, after a three-day rally, in the wake of a broad fall in Asian currencies and position adjustments ahead of the U.S. inflation data. The rupee was trading at 81.5650 per U.S. dollar by 0504 GMT, compared with 81.4350 in …
Rupee falls on weak Asian cues, position adjustment; U.S. data in focus Read More »
By Sethuraman N R BENGALURU (Reuters) – Indian shares fell on Thursday, weighed by auto and metal companies, as investors braced for crucial U.S. inflation data that will provide clues about the severity of the Federal Reserve’s future interest rate hikes. The NSE Nifty 50 index dropped 0.7% to 18,037 as of 0522 GMT, while …
Indian shares fall as autos drag, awaits U.S. inflation data Read More »
By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields traded lower for a fourth straight session on Thursday, tracking a further downward movement in oil prices as well as U.S. Treasury yields. The downward move, however, was capped after the Indian rupee weakened following three sessions of gains and as cautious traders await crucial …
Bond yields track oil, U.S. yields lower; inflation print in focus Read More »
By Herbert Lash NEW YORK (Reuters) – World stocks slid below recent seven-week highs and the dollar rose on Wednesday as investors awaited both the results of the U.S. mid-term elections and key data on consumer prices that could impact the Federal Reserve’s policy on interest rates. Bitcoin, the biggest cryptocurrency by market value, fell …
World stocks slip, await CPI, U.S. midterms outcome Read More »
By Seher Dareen (Reuters) – Gold dipped on Wednesday, as an uptick in the dollar nudged prices off an over one-month high, while investors awaited the release of key U.S. inflation data. Spot gold fell 0.4% to $1,705.84 per ounce by 02:29 p.m. ET (1929 GMT). U.S. gold futures settled 0.1% lower at $1,713.70. Bullion …
Gold ticks lower on dollar strength before U.S. inflation data Read More »
MUMBAI (Reuters) – India is to sell a 1.55% stake in Axis Bank through an offer for sale, a government investment vehicle, the Specified Undertaking of the Unit Trust of India, said on Wednesday. SUUTI will sell 46.5 million shares in Axis Bank representing 1.55% of its equity, it said. The floor price for the …
Indian government To Sell 1.55% Stake In Axis Bank Read More »
By Vidya Ranganathan SINGAPORE (Reuters) – It’s no joke. Elon Musk’s acquisition of Twitter has put fresh wind in the sails of dogecoin, the meme cryptocurrency he catapulted to fame. Dogecoin’s price doubled after the Tesla tycoon completed the $44 billion deal. It was trading at about $0.07 on Oct. 27 before Musk tweeted “the …
Cryptoverse-Elon Musk frees the bird and the dog coin flies Read More »
By Neha Arora and Shivangi Acharya NEW DELHI (Reuters) -India’s trade ministry has sought to extend an export promotion scheme to reimburse some local levies for domestic steel producers, a senior government official said, as the industry reels from steep fall in shipments. The Remission of Duties and Taxes on Export Products (RoDTEP) scheme offers …
India seeks to include steel in export incentive scheme – source Read More »
By Nikunj Ohri and Aftab Ahmed NEW DELHI (Reuters) – Spending by the Indian government this fiscal year could be less than budgeted for the first time in three years, two sources with direct knowledge of the matter told Reuters, amid a push to meet a fiscal deficit target of 6.4% of gross domestic product. …
India could trim spending for first time in 3 years – sources Read More »
By Nimesh Vora MUMBAI (Reuters) – A few large Indian companies are returning to exotic currency options to deal with the rupee’s volatility as they look to manage hedging costs and foreign exchange risks. These options provide companies increased flexibility to manage their currency risks. Companies are specifically turning to barrier options, a class of …
Indian companies turn to exotic options to manage fx costs, risks Read More »
