The rupee rose by 9 paise to close at 81.50 (provisional) against the US currency in a restricted trade on Monday, supported by a weak greenback in the overseas markets and a decline in crude oil prices. At the interbank foreign exchange market, the local unit opened lower at 81.69 and touched a low of […]
By Royce Vargheese Joseph Oil tumbled on recession-driven demand concerns WTI Crude oil futures declined during all the trading days in the previous week and closed down more than 11% wow, below $72 per bbl. Optimistic reports from China were mired by deteriorating global growth, disappointing inventory data from the US, and a demand downgrade […]
Bank Nifty outlook: Banking indices surged on Thursday with Bank Nifty rising 0.52% to 41,214.05, Nifty Financial Services climbing 0.42% to 18,449.10, Nifty PSU Bank skyrocketing 1.30% to 3,774.05 and Nifty Private Bank advancing 0.24% to 20,879.35 after the Reserve Bank of India surprised markets by pausing a rate hike earlier than expected. The NSE […]
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