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File photo (Picture credit: ANI) The Indian rupee’s slide past Rs 90 per US dollar for the first time ever has shifted sentiment in the equity market and raised fresh concerns for investors. The breach of this psychological level has come on the back of weak capital flows, steady demand for dollars from importers, and…
The rupee pulled back from its weakest-ever level on Thursday, ending the day at 89.96 against the US dollar, a gain of 19 paise, as a softer dollar index and reports of the Reserve Bank of India’s intervention helped steady the currency. Traders said the US dollar lost ground after ADP non-farm payroll numbers came…
Representative image (AI-generated) NEW DELHI: Banks in Nagaland and Arunachal Pradesh are closed on Monday to mark two state-specific holidays — State Inauguration Day and Indigenous Faith Day. Banks in all other states are operating as usual.Bank holidays in India vary by state, depending on local festivals and observances. The Reserve Bank of India (RBI)…
India’s economic outlook remains firmly positive, with the International Monetary Fund (IMF) pointing to strong policy foundations, resilient growth and well-contained inflation in its latest assessment. The Washington-based agency said India’s performance has been underpinned by prudent macroeconomic management and a decade of structural reforms that continue to pay dividends.In a report, the IMF noted…
India’s exchange rate framework came under renewed global scrutiny on Wednesday after the International Monetary Fund reclassified the country’s “de facto” regime as a “crawl-like arrangement”, two years after designating it “stabilised”. The change follows an IMF review conducted earlier this year and could shape how global investors read India’s approach to managing the rupee…
The Indian rupee could come under further strain this week, with traders watching whether the currency edges closer to 90 per US dollar amid limited signs of strong central bank intervention. The rupee touched a record low of 89.49 on the previous Friday and slid 0.8 per cent over the week, driven by portfolio outflows,…
India’s export performance has remained steady even as global markets face volatility, according to SBI Research, which shared its assessment. As per news agency ANI, the report states that merchandise exports between April and September in FY26 touched $220 billion, a 2.9 per cent rise from $214 billion in the same period last year. Donald…
Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory…
The Reserve Bank of India (RBI) on Friday announced a sweeping set of trade relief measures aimed at easing the pressure on exporters battling global headwinds, supply-chain delays and tightening liquidity, according to an ANI report.The relief package — effective immediately — expands export timelines, relaxes credit norms and grants temporary leeway on loan repayments…
India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…
