By Jaspreet Kalra MUMBAI (Reuters) -The rupee shuffled near its all-time low on Monday, with possible intervention by the Reserve Bank of India helping it steady against the lingered drag from steep U.S. tariffs. The currency was last at 88.76 to the dollar as of 10:40 a.m. IST, little changed from 88.7725 in the previous …
Rupee likely steadied by central bank hand as U.S. tariff pressures linger Read More »
BENGALURU (Reuters) -Growth in India’s services sector cooled in September due to weaker overseas orders, yet it remained strong and optimism improved, a survey showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 60.9 in September from a 15-year high of 62.9 in August, lower than a preliminary estimate of …
India’s services growth eases in September as demand cools, PMI shows Read More »
(Reuters) -India’s Canara Robeco Asset Management Company has set a price band of 253-266 rupees per share for its upcoming listing, aiming for a valuation of about 53.05 billion rupees ($597.9 million) at the upper end, as per Reuters calculations. The asset manager’s IPO comes at a busy time for India’s primary market. The October-December …
India’s Canara Robeco sets IPO price band at 253-266 rupees, eyes $598 million valuation Read More »
MUMBAI (Reuters) -The Reserve Bank of India likely intervened to support the rupee on Monday as the currency was hovering just shy of its all-time low, pressured by persistent dollar demand from local importers, three traders told Reuters. The rupee was last at 88.7575 per U.S. dollar, little changed on the day but in touching …
Indian central bank likely intervenes to support rupee near record low, traders say Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is set for a quiet open on Monday, holding near a lifetime low, with IPO inflows and expectations of central bank support likely to provide a cushion through the week against pressure from hedging mismatches. The 1-month non-deliverable forward indicated the rupee will open in the 88.74–88.78 …
Rupee to meander near all-time low, banks on IPO flows and intervention Read More »
By Brijesh Patel (Reuters) -Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen and a U.S. government shutdown, while growing expectations of additional Federal Reserve rate cuts also lent support. Spot gold was up 0.9% at $3,922.28 per ounce by 0208 GMT, …
Gold sails past $3,900/oz for first time on safe-haven bids Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) -The rupee may find modest relief this week on the back of inflows expected on account of two large initial public offerings, while bond yields may ease due to a lower-than-expected state debt issuance calendar for this quarter. The rupee closed at 88.77 against the U.S. dollar …
Indian rupee to track portfolio inflows; bond yields likely to fall Read More »
(Reuters) -Gold surged past $3,900 an ounce for the first time in early Asian trade on Monday, as safe-haven demand from a U.S. government shutdown added to the momentum from expectations of more Federal Reserve rate cuts. Spot gold gained 0.6% to $3,910.09 per ounce by 23:53 GMT on Sunday, while U.S. gold futures for …
Gold smashes through $3,900/oz to notch record high Read More »
(Reuters) -The Reserve Bank of India on Friday released a draft framework aimed at simplifying norms for lending by regulated entities to their related parties, requiring board or designated‑committee approval only for loans above set thresholds. Under the proposed framework, commercial banks with assets below 1 trillion rupees will not require board approval for loans …
India central bank proposes new framework for lending to related parties Read More »
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Friday but posted a weekly loss of 8.1% after news of potential increases to OPEC+ supply. Brent crude futures closed up 42 cents, or 0.7%, at $64.53 a barrel by, while U.S. West Texas Intermediate crude was up 40 cents, or 0.7%, at $60.88. For …
Oil posts 8% weekly loss on potential OPEC+ supply additions Read More »
