Rupee slides over weak global cues, FII outflows

Rupee depreciation influenced by multiple factors, including US trade pact developments: Minister

The Reserve Bank of India (RBI) regularly monitors the foreign exchange market and intervenes in situations of excess volatility. Further, the RBI monitors key developments across the globe which may have an impact on the USD-Rupee exchange rate. Among others, it includes monetary policy actions of the major Central Banks, major economic data releases across the globe and their impacts thereof, OPEC+ meeting decisions, tracking, and analysing geopolitical events, daily movements in G-10 and EME currencies, etc. 15 days ago
Sensex, Nifty end lower over monthly Futures and Options expiry

Sensex, Nifty slip in early trade amid weak Asian cues

The Sensex opened nearly 200 points lower at around 85,025 and slipped further to trade about 300 points down in the early minutes. The Nifty also came under pressure and was trading lower by 95 points, or 0.4 per cent, at around 25,935. 15 days ago
Ravi Ranjan appointed SBI Managing Director

Who is Ravi Ranjan, SBI's newly-appointed Managing Director

Ravi Ranjan led SBI's Global Markets as Deputy Managing Director for more than a year before taking up the position of Managing Director. Prior to this, he oversaw a number of important strategic portfolios while leading the bank's Corporate Accounts Group. 16 days ago
Gold, silver prices jump on MCX amid weak dollar, global cues

Gold, silver prices jump on MCX amid weak dollar, global cues

On the Multi Commodity Exchange (MCX), gold February futures were trading 0.72 per cent higher at Rs 1,34,580 per 10 grams during early trade. Silver March contracts also saw strong buying interest and climbed 1.36 per cent to Rs 1,95,466 per kg. 16 days ago
Stock market ends flat; auto shares surge as IT and FMCG decline

Indian stock markets open lower amid weak global cues

During early trade, the Sensex slipped nearly 280 points in early trade to hover around 84,989, marking a fall of about 0.33 per cent. The Nifty also started the day lower, trading near 25,966, down 81 points or 0.31 per cent. 17 days ago
Bajaj Finance's market valuation drops by Rs 17,524 crore this week

Bajaj Finance loses over Rs 19,000 crore in market valuation this week

Overall, eight of the top-10 most valued domestic firms together saw their market valuation erode by Rs 79,129.21 crore during the week. The weak performance came as the BSE benchmark index slipped by 444.71 points, or 0.51 per cent -- reflecting cautious investor sentiment in equities. 17 days ago
FIIs sell equity worth Rs 15,959 crore in Dec so far, DIIs buy for Rs 39,965 crore

FIIs sell equity worth Rs 15,959 crore in Dec so far, DIIs buy for Rs 39,965 crore

A healthy feature of the investment behaviour of retail investors is the steady inflows into mutual fund SIPs, which have been consistently above Rs 29,000 crore during the last three months. SIP inflows in November remained almost steady at Rs 29,445 crore, according to data released by the Association of Mutual Funds in India (AMFI). 17 days ago
Gold, silver see strong upswing; Fed decision in focus

Gold, Silver Prices Surge: 24K Gold Up Rs 4,188, Silver Nears Rs 2 Lakh/kg

According to data from the India Bullion and Jewellers Association (IBJA), the price of 24-karat gold increased by Rs 4,188 to Rs 1,32,710 per 10 grams, compared to Rs 1,28,592 a week ago. The price of 22-karat gold climbed to Rs 1,21,562 per 10 grams from Rs 1,17,777, while 18-karat gold rose to Rs 99,533 per 10 grams from Rs 96,444. 18 days ago