By Savio Shetty (Reuters) – The rally in India’s mid- and small-cap stocks will continue amid more inflows into these segments, the head of India’s tenth-largest mutual fund said on Tuesday. “The rally may continue due to more flows and less companies to invest in,” Kalpen Parekh, managing director and CEO of Mumbai-based mutual fund …
India mid- and small-cap rally to persist, says DSP Mutual Fund’s Parekh Read More »
NEW DELHI (Reuters) – Officials of India’s federal government and central bank are meeting in New Delhi on Tuesday to finalise the country’s market borrowing plan for October to March, two sources told Reuters. India plans to borrow about 6.55 trillion rupees ($78.73 billion) in the second half of the current fiscal year that started …
By Swati Bhat and Ira Dugal MUMBAI (Reuters) – India’s inclusion next year in the JPMorgan emerging market debt index, which could draw up to $25 billion in inflows over a short period, would need more active currency intervention and liquidity management from the central bank, two sources said. Analysts have estimated the inclusion, which …
India bond index inclusion set to test central bank’s liquidity, FX management Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee weakened on Tuesday, tracking Asian peers, while elevated U.S. Treasury yields also weighed on the local unit, which neared key support levels. The rupee was at 83.2250 against the U.S. dollar as of 10:55 a.m. IST, compared with 83.1450 in the previous session. The 10-year U.S. …
Rupee weakens tracking Asian peers; key support looms Read More »
By Sethuraman N R BENGALURU (Reuters) -Indian benchmark indexes were muted on Tuesday as some domestic buying helped limit losses from a relentless selling by foreign funds over fears that global interest rates will stay higher for longer. The Nifty 50 was mostly flat at 19,687 points as of 10:26 a.m. IST, while the S&P …
Indian stocks flat as global rate fears trigger foreign outflows Read More »
By Mayank Bhardwaj NEW DELHI (Reuters) -India will cut the floor price for basmati rice exports in the coming days, sources familiar with the matter said, after millers and traders complained about a sharp drop in overseas sales of the premium aromatic grain. India will lower the basmati floor price to $850 a metric ton, …
India to cut floor price for basmati rice exports – sources Read More »
By Ashitha Shivaprasad (Reuters) – Gold prices slipped on Monday as the dollar and U.S. Treasury yields firmed on the Federal Reserve’s higher-for-longer stance on interest rates. Spot gold was down 0.5% at $1,915.61 per ounce by 2:15 p.m. EDT (1815 GMT), while U.S. gold futures settled 0.5% lower at $1,936.6. “Slightly hawkish Fed and …
Gold subdued by Fed’s higher-for-longer interest rate stance Read More »
By Aditi Shah and Shivam Patel NEW DELHI (Reuters) -A global aviation leasing watchdog has for the second time cut India’s compliance rating with international leasing laws and kept the country on a watchlist with a negative outlook amid a dispute between local airline Go First and its aircraft lessors. The move by the Aviation …
Aviation leasing watchdog cuts India’s compliance rating amid Go First tussle Read More »
By Praveen Paramasivam, Ben Blanchard and Munsif Vengattil CHENNAI (Reuters) -Apple supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones for a second straight day at its south India factory where a fire broke out on Sunday, three sources told Reuters. The workers were not …
Apple supplier Pegatron to halt ops at India plant for second day after fire Read More »
SAO PAULO (Reuters) – Brazil, Mexico and India are some of the countries currently standing in a good position to attract investments, Brazilian Finance Minister Fernando Haddad said on Monday, touting a “series of advantages” those nations offer. Speaking at an event hosted by FGV, Haddad mentioned Brazil’s environmental strength, saying his country could become …
Brazil, Mexico, India in good position to attract capital, says Haddad Read More »
