Sensex, Nifty surge 1% on Trump's lead in U.S. elections; rupee hits record low
IT index rises over 1%, led by sectoral heavyweights TCS, HCL Tech, Infosys, and Tech Mahindra.
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November 2024
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Why A Weak Rupee Looked Strong In CY23
Rupee saw the least percentage fall on buoyant FPI flows and benign crude, but an encore will depend on Fed rate cuts and oil staying lower.
Budget 2024: Rupee Weakens At A 22% CAGR Against US Dollar Since FY2012
Dollar-rupee to trade in ₹82-84 IN 2HFY24.
IMF reclassifies India's exchange rate regime on forex interventions
The RBI strongly disagrees with IMF's assessment that FXI likely exceeded levels necessary to address disorderly market conditions.
Exchange-traded funds dump gold for dollar
Year-to-date global Gold ETF outflows stand at $11 billion and total holdings have fallen by 189 tonnes at the end of September 2023.
The Rupee Got Its Mojo Back!
The rupee is holding strong against the dollar index compared with six major currencies in Asia.
Why IT stocks are under stress despite weak rupee
Shares of TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra fell up to 2%, in sync with a weak broader market.
Why gold besots RBI no more
Two consecutive quarters of low gold purchases by the Indian central bank hints it is cooling-off on gold of late
The 'R' Club Dare to U.S. Dollar
The 'R' Club' led by rupee, renminbi, rouble, real, rand, riyal, rupiah & ringgit is posing serious threat to the greenback.
Dollar supremacy undermined as petrodollar ally joins Shanghai Cohort
How China is using diplomacy to dethrone the USD and establish Renminbi as global currency
