The Indian Rupee opened marginally higher at 82.68 per dollar on Monday against Friday’s close of 82.73. The domestic currency is likely to appreciate today primarily on the back of a weaker dollar. Moreover, expectations that the country’s current account deficit had likely peaked may help the rupee. On the other hand, a rise in […]
By Subash Gangadharan Nifty Daily chart indicates the index has reversed its recent downtrend as it has crossed the previous swing high of 17309 and has closed above 50 day SMA. The 14-day RSI too has made a higher bottom, bounced back and closed above its 9-day EMA. We, therefore, expect the Nifty to gradually […]
India’s petrol and diesel demand soared in December as increased consumption in the agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Sunday. Petrol sales soared 8.6 per cent to 2.76 million tonnes in December, as compared to 2.54 million tonnes of consumption in the same month […]
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