By Bharath Rajeswaran (Reuters) -India’s benchmark indexes fell on Monday, led by bank stocks, as elevated U.S. Treasury yields and the prospect of fewer U.S. rate cuts continued to weigh on emerging markets. The Nifty 50 fell 0.71% to close at 23,644.9, while the BSE Sensex lost 0.57% to settle at 78,248.13. They swung between …
Banks lead Indian shares lower as high US Treasury yields weigh Read More »
By Dharamraj Dhutia and Siddhi Nayak MUMBAI (Reuters) – Indian companies’ fundraising through corporate bonds hit a record high in 2024, aided by declining yields and stronger appetite for long-term notes, and investors expect issuances to remain robust in 2025. Indian firms raised 10.67 trillion rupees ($124.81 billion) through the sale of bonds till Dec. …
Indian firms raise record funds via corporate debt in 2024; seen rising further Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency. The rupee ended at 85.5350 against the U.S. dollar, down marginally from its close …
Rupee slips to record closing low on weaker yuan, broad-based dollar bids Read More »
By Nimesh Vora and Dharamraj Dhutia MUMBAI (Reuters) – India’s central bank will need to rethink its foreign exchange strategy and loosen its hold on the rupee in 2025, economists said, with the currency at its strongest against peers in at least two decades in trade-weighted terms. The rupee’s 40-currency trade-weighted real effective exchange rate …
Indian central bank seen loosening stranglehold on rupee in 2025 Read More »
By Nidhi Verma and Manoj Kumar NEW DELHI (Reuters) – State-run Indian refiner Bharat Petroleum Corp is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview. Indian state refiners, which typically buy Russian oil in the spot market …
India’s BPCL buys Middle East grades to replace Russian shortfall Read More »
By Dharamraj Dhutia and Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee is expected to trade with a bearish bias this week after slumping to a record low on Friday, with traders watching out for how sternly the central bank defends the local currency while bond yields will track U.S. peers and the rupee. The …
India rupee may dip, bond yields to track US peers Read More »
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is poised to rise on Monday, building on the momentum from the previous session in which the central banks’ interventions prompted the exit of speculative dollar-long positions. The one-month non-deliverable forward indicated the rupee will open at 85.40-85.42 to the U.S. dollar, compared with its close …
Rupee set to extend recovery on RBI-motivated dollar-long liquidation Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold prices slipped on Friday as elevated U.S. Treasury yields dimmed non-yielding bullion’s allure in a holiday-thinned week, with markets focused on President-elect Donald Trump’s return to office and the potential impact of his inflationary policies on the Fed’s 2025 outlook. Spot gold fell 0.6% to $2,619.33 per ounce, …
Gold under pressure from high US bond yields in holiday trading week Read More »
By Manoj Kumar NEW DELHI (Reuters) – Indian household spending on non-food items such as transport, garments and entertainment rose in both rural and urban areas in 2023/24 while outlays on staples like wheat and rice dropped, a government report showed on Friday. The Household Consumption Expenditure Survey for 2023/24, conducted from August 2023 to …
India household spending on non-food items rises as urban-rural gap narrows Read More »
(Reuters) – India on Friday extended its mandate for imported coal-based power plants to operate at full capacity until Feb. 28, a government circular showed. In October, the government had invoked an emergency clause to direct companies including Tata Power, Adani Power and Vedanta, to operate their imported coal fired plants till Oct. 15 and …
India extends mandate for imported coal-based power plants to run at full capacity Read More »
