By Jaspreet Singh MUMBAI, Dec 4 (Reuters) – The Indian rupee ended above the 90 per dollar level after hitting a record low on Thursday, as dollar sales from multiple foreign banks, likely on account of inflows, helped the currency snap a six-session losing streak. The rupee fell to 90.42 early in the session before …
Rupee recovers from record low, helped by foreign banks’ dollar sales Read More »
Dec 4 (Reuters) – Indian billionaire Mukesh Ambani’s Reliance Industries has started work on an initial draft prospectus for a listing of Jio Platforms, Bloomberg News reported on Thursday, citing people familiar with the matter. (Reporting by Urvi Dugar in Bengaluru; Editing by Rashmi Aich)
By Nimesh Vora MUMBAI, Dec 4 (Reuters) – The Indian rupee’s forward premiums jumped to their highest level since January on Thursday, extending their recent rally on the back of crumbling rate cut bets and a slide in the spot rupee that triggered stop losses in a liquidity-starved market. The implied yield on the 1-year …
Dec 4 (Reuters) – India’s IndusInd Bank on Thursday denied a report that it is in discussions to bring in a strategic partner. “There is no discussion of this nature underway with anyone in the bank,” the bank said. UK-based Hinduja Group, the lender’s top shareholder, is looking for a strategic partner with global expertise …
India’s IndusInd Bank denies report of talks to bring in strategic partner Read More »
By Jaspreet Kalra, Swati Bhat and Nimesh Vora MUMBAI, Dec 4 (Reuters) – India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the world’s fifth-largest economy, three sources familiar with the central bank’s thinking told Reuters. The …
India central bank to tolerate weaker rupee as inflows dry up, sources say Read More »
By Jaspreet Kalra and Ira Dugal MUMBAI, Dec 4 (Reuters) – Uncertainty over the timing of the U.S.–India trade deal is fuelling rupee volatility and the absence of a quick agreement could push the currency to as low as 92 per dollar, the head of treasury at HDFC Bank said. The rupee fell to an …
By Nimesh Vora MUMBAI, Dec 4 (Reuters) – The Indian rupee is expected to extend its slide on Thursday after breaching the 90-per-dollar mark, a move that traders say has firmed a weak bias and is likely to draw in speculative bets. The 1-month non-deliverable forward indicated the rupee will open in the 90.25-90.35 range …
Rupee likely to extend slide as 90 breach cements weak bias, invites speculative bets Read More »
By Aditya Kalra and Munsif Vengattil NEW DELHI, Dec 3 (Reuters) – India’s government scrapped an order to smartphone makers on Wednesday to preload a state-run cybersecurity app on all new devices after an outcry from politicians, privacy advocates and global tech companies over surveillance fears. Prime Minister Narendra Modi’s government had privately told companies …
India revokes order to preload cybersecurity app on smartphones after outcry Read More »
By Arathy Somasekhar HOUSTON, Dec 3 (Reuters) – Oil prices settled higher on Wednesday after the U.S. and Russia failed to reach a deal to end the war in Ukraine that could have eased sanctions on Moscow’s oil sector, though gains were held back by fears of oversupply. Brent crude closed 22 cents, or 0.4%, …
Oil settles slightly higher as Moscow peace talks fail to reach breakthrough Read More »
By Anmol Choubey Dec 3 (Reuters) – Gold prices held steady on Wednesday, buoyed by weak private payrolls data that reinforced expectations of a U.S. interest rate cut next week, while silver hit a fresh record high. Spot gold was little changed at $4,202.06 an ounce by 2:03 p.m. ET (1903 GMT), after hitting a …
