Reuters India Business

By Dharamraj Dhutia MUMBAI (Reuters) – Indian states will have to pay an additional premium over central government securities to meet their record high borrowing target for the three months through March, which could further pressure banking liquidity conditions, investors said on Thursday. BY THE NUMBERS States aim to raise 4.73 trillion rupees ($55.22 billion) …

Indian states’ fundraising may get expensive amid record borrowing, investors say Read More »

By Bharath Rajeswaran and Indranil Sarkar (Reuters) -India’s benchmarks logged their best session in six weeks on Thursday, led by financials and autos on expectations of a pickup in corporate earnings, with IT firm Infosys propping up gains after a brokerage forecast a hike in its revenue growth projections. The Nifty 50 rose 1.88% to 24,188.65, …

Financials, autos power India’s benchmarks to best session in six weeks Read More »

By Nimesh Vora and Jaspreet Kalra MUMBAI (Reuters) – The heavy demand for the U.S. dollar in the non-deliverable forward (NDF) market had widened the arbitrage with the Indian onshore market, putting more strain on the rupee and sending it just shy of another lifetime low, traders said on Thursday. The rupee declined to 85.7900 …

India rupee onshore-NDF arbitrage widens, new all-time low in sight Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee closed at its weakest closing level on record for the eighth consecutive session on Thursday, as a widened arbitrage between the non-deliverable and outright forwards market added to the currency’s troubles. The rupee closed at 85.7525 against the U.S. dollar, down 0.1% on the day. While …

Rupee falls to all-time closing low as onshore-NDF arbitrage weighs Read More »

By Meenakshi Maidas and Nandan Mandayam (Reuters) -Indian carmakers Mahindra & Mahindra and Tata Motors reported a rise in sales to domestic dealers in December on steady sport utility vehicle demand, while year-end discounts helped Maruti Suzuki record its first small-car sales growth in 20 months, company data showed. Market leader Maruti Suzuki’s domestic sales …

Maruti, Mahindra lead Indian carmakers’ December sales to dealers Read More »

By Dharamraj Dhutia MUMBAI (Reuters) – Indian government bond yields inched marginally higher on the first day of the New Year on mild concerns over heavy supply during the January-March quarter. The 10-year bond yield was at 6.7742% as of 10:10 a.m. IST on Wednesday, compared with its previous close of 6.7597%. Indian states aim …

Heavy supply schedule nudges India bond yields higher as 2025 kicks off Read More »

By Bharath Rajeswaran (Reuters) -India’s benchmark indexes rose on the first day of 2025, led by auto stocks that were boosted by a rise in monthly sales for top carmaker Maruti Suzuki and peer Mahindra & Mahindra. The Nifty 50 rose 0.41% to 23,742.90 points on Wednesday, while the BSE Sensex gained 0.47% to 78,507.41. …

Automakers drive India’s blue-chips higher in first session of 2025 Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit. The rupee closed at 85.6450 against the U.S. dollar, down from its close …

Rupee ends at record closing low for seventh straight session Read More »