Reuters India Business

By Jaspreet Kalra MUMBAI, October 1 (Reuters) -The Indian rupee was flat on Wednesday with traders pointing out that a near-term floor for the currency appears to be forming near the 88.80 per U.S. dollar mark, a level marked by frequent interventions by the Reserve Bank of India. The RBI was likely active in early …

Soft line in sand emerges for rupee near 88.80/USD on RBI interventions Read More »

(Refiles to add packaging code) By Bharath Rajeswaran (Reuters) -Foreign portfolio investors (FPIs) withdrew $2.7 billion from Indian equities in September, extending their selling streak for a third straight month and putting 2025 on course for record foreign withdrawals, data from the National Securities Depository showed. So far this year, foreign investors have offloaded $17.6 …

Foreign investors pull $2.7 billion from Indian stocks in September, eye record annual outflows Read More »

By Nimesh Vora MUMBAI (Reuters) -The Indian rupee may slip to a lifetime low on Wednesday ahead of the central bank’s policy decision, with opinion divided on whether the monetary authority will cut rates to bolster growth or maintain status quo. The 1-month non-deliverable forward (NDF) indicated the rupee will open in the 88.82-88.84 range …

New all-time low beckons before RBI policy; traders split on rate decision Read More »

By Anmol Choubey (Reuters) -Gold hit a record high on Wednesday as investors turned to safe-haven assets on growing risks of a U.S. government shutdown, while weak labour data strengthened expectations of further interest rate cuts by the Federal Reserve. Spot gold rose 0.4% to $3,872.87 per ounce by 0206 GMT. U.S. gold futures for …

Gold hits record high on US shutdown risks, rate-cut bets Read More »

(Reuters) -Indian construction material supply firm Infra.Market [HELA.NS] has filed for an initial public offering under the confidential route, a public notice showed on Wednesday. The confidential route allows firms to keep their filings private until the public issue launches. The company, which provides cement, tiles and paints to large-scale infrastructure projects in India, raised …

India’s Infra.Market files for IPO under confidential route Read More »

By Noel John and John Biju (Reuters) -Gold prices rose on Tuesday to hover near record highs, buoyed by concerns over a looming U.S. government shutdown, while soft jobs data bolstered expectations of Federal Reserve rate cuts. Spot gold rose 0.3% to $3,843.43 per ounce as of 01:51 p.m. ET (1750 GMT), rebounding from earlier …

Gold hovers near record high on US government shutdown fears, soft jobs data Read More »

By Noel John and John Biju (Reuters) -Gold prices rose on Tuesday to hover near record highs, buoyed by concerns over a looming U.S. government shutdown, while soft jobs data bolstered expectations of Federal Reserve rate cuts. Spot gold rose 0.3% to $3,845.33 per ounce as of 11:06 a.m. ET (1506 GMT), rebounding from earlier …

Gold hovers near record high on US government shutdown fears, soft jobs data Read More »