The rupee fell by 65 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overtseas markets and a muted trend in domestic equities. Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said. In the previous session […]
Rice prices surged to a fresh 15-year high, fueled by strong demand and lingering supply concerns. Thai white rice 5% broken — an Asian benchmark — climbed for a third straight week to reach $659 a ton on Wednesday, according to the Thai Rice Exporters Association. That’s the highest since October 2008 and brings the […]
Narrowing current account deficit will help the rupee strengthen against the dollar and appreciate to around 79 by the second half of the current fiscal, says a foreign brokerage report. The rupee is likely to strengthen towards 79 by end-FY24 from an average of 82 to the US dollar in FY23, Tanvee Gupta Jain, the […]
Indian benchmark indices are likely to open marginally in green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading 35 pts or 0.19% higher at 18,111.0. In the previous session, BSE Sensex gained 562.75 points or 0.94% to end at 60,655.72, and NSE Nifty 50 settled 158.50 points or 0.89% higher at 18,053.30. […]
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