The Indian stock markets experienced a decline in early trade on Friday, with the BSE Sensex falling by 214 points and Nifty dipping by 63.8 points, driven by continued foreign fund outflows and concerns over US Federal Reserve policies.
20 December,2024 10:11 AM IST | Mumbai
India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).
12 December,2024 01:48 PM IST | New Delhi
The Indian rupee slipped by 2 paise to 84.85 against the US dollar due to foreign fund outflows, rising crude oil prices, and a higher dollar index. The domestic currency's decline comes ahead of key inflation data.
12 December,2024 09:41 AM IST | Mumbai
The Indian rupee rose by 4 paise to 84.71 against the US dollar in early trade on Thursday, supported by positive domestic equities, despite the strength of the US dollar and rising crude oil prices
05 December,2024 10:11 AM IST | Mumbai
Forex traders said the dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while the GDP data released by the government later in the day adversely impacted the currency market, toppling the local unit to its record low
29 November,2024 09:23 PM IST | Mumbai | mid-day online correspondent
The rupee appreciated 6 paise to 84.35 against the US dollar on Monday, bolstered by a strong trend in domestic equities. Analysts caution that elevated crude oil prices and a firm Dollar Index may impact long-term performance.
25 November,2024 10:13 AM IST | Mumbai
The rupee recovered from its all-time low, appreciating by 8 paise to 84.38 against the US dollar in Monday’s early trade, supported by lower crude oil prices
18 November,2024 09:48 AM IST | Mumbai
A report by DSP Asset Managers warns that a combined sell-off by foreign investors and rising crude oil prices could put significant pressure on India's Balance of Payments, which may lead to economic instability.
12 November,2024 10:32 AM IST | New Delhi
The Sensex and Nifty gained in early trade on Tuesday, driven by value buying and sustained investments from domestic institutional investors. The rally followed optimism in the US markets.
12 November,2024 10:20 AM IST | Mumbai
Union Minister Hardeep Singh Puri explained India’s decision to purchase Russian oil, stating it helped prevent a steep rise in global oil prices and ensured energy security. Puri highlighted the importance of oil in the global market and emphasised India's commitment to competitive sourcing.
08 November,2024 09:17 AM IST | Abu Dhabi | mid-day online correspondentADVERTISEMENT
