By Bharath Rajeswaran (Reuters) – India’s benchmark indexes ended little changed on Thursday amid a lack of major triggers and thin trading as the year-end approaches. The Nifty 50 rose 0.1% to 23,750.2, while the BSE Sensex settled flat at 78,472.48. Both benchmarks rose about 0.5% in morning trade before surrendering gains. Domestic equities are …
Indian equity benchmarks close flat amid lack of triggers Read More »
By Siddhi Nayak MUMBAI (Reuters) – The Indian rupee settled at a record closing low for a third consecutive session on Thursday, pressured by a firm dollar and importers’ month-end dollar demand. The rupee ended at 85.2625 to the dollar, against 85.20 in the previous session. It hit an all-time low of 85.2825 earlier in …
Rupee ends at record closing low for 3rd straight session as dollar firms Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against …
Rupee hits record low for sixth straight session as broad dollar strength persists Read More »
By Sherin Elizabeth Varghese (Reuters) – Gold prices steadied in holiday-thinned trade on Tuesday as investors looked ahead to the U.S. Federal Reserve’s interest rate strategy and President-elect Donald Trump’s tariff policies, which could shape the metal’s trajectory next year. Spot gold rose 0.1% to $2,616.88 per ounce as of 12:47 p.m. ET (1747 GMT). …
Gold steadies in holiday lull as markets await 2025 Fed moves Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) -India is reviewing a decade-old $30 billion programme requiring coal-fired power plants to install equipment to cut sulphur emissions after government-backed studies showed they had little impact on curbing pollution, according to a document reviewed by Reuters. Nearly 540 power plant units were required by 2026 to install …
Exclusive-India reviews $30 billion sulphur-cutting programme for coal plants Read More »
MUMBAI (Reuters) – India’s growth trajectory is expected to pick up in the second half of 2024-25, driven by domestic private consumption and a sustained revival of rural demand, the central bank said in its monthly bulletin released on Tuesday. “High frequency indicators for the third quarter of 2024-25 indicate that the Indian economy is …
India’s growth trajectory poised to pick up in Oct-March, cenbank bulletin says Read More »
MUMBAI (Reuters) – The Reserve Bank of India sold a net of $9.28 billion in the spot foreign exchange market in October, data released as part of its monthly bulletin showed on Tuesday. The central bank said it purchased $27.5 billion and sold $36.78 billion during the month. It had bought a net of $9.64 …
India cenbank sold net $9.28 billion in spot forex market in October, bulletin shows Read More »
By Manoj Kumar NEW DELHI (Reuters) -India’s small businesses spanning the manufacturing, trade and services sectors added about 11 million jobs in the year to the end of September, with total employment rising to 120.6 million from 109.6 million the previous year, though wage growth was limited by high inflation. Job creation remains a major …
India’s small businesses drive jobs growth, wage gains curbed by inflation Read More »
BHUBANESWAR, India (Reuters) – Indian Oil Corporation will invest 610 billion rupees ($7 billion) to establish a naphtha cracker project in Paradip in the eastern state of Odisha, the state government said on Tuesday. India’s top refiner is expected to sign an initial agreement with the state government in January, the Odisha chief minister’s office …
Indian Oil Corp to invest 610 billion rupees in naphtha cracker project in Odisha state Read More »
By Bharath Rajeswaran and Indranil Sarkar (Reuters) -Indian benchmark indexes settled lower on Tuesday, dragged by information technology and metal stocks, with trade expected to be rangebound for the next few sessions due to the lack of triggers in a holiday-truncated week. The Nifty 50 shed 0.11% to 23,727.65 points, while the BSE Sensex settled …
Indian equity benchmarks end lower as IT, metals drag Read More »
