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Home  Business

Business

Rupee rebounds to 83.05 on US fed’s rate cut indication

Rupee rebounds to 83.05 on US fed’s rate cut indication

  • Gold hits historic high: Rs 66,778 per 10 gms

    The price of the precious metal increased by Rs 1,028 over the previous day's close, marking a nearly 1.5% rise.
  • Markets rebound in early trade on rally in global equities, foreign fund inflows

    The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. The NSE Nifty climbed 74.25 points to 21,891.70.
  • Rupee edges up 1 paisa to 83.02 against US dollar in early trade

    At the interbank foreign exchange market, the rupee opened higher at 83.00 against the previous close of 83.03 in line with firm domestic stock markets.
  • India can sustain 8 pc growth, even higher: RBI bulletin

    The authors further said technology is offering new growth opportunities to seize by becoming more competitive and efficient.
  • Narayana Murthy gifts shares worth Rs 240 cr to grandson Ekagrah Rohan Murty

    The value of total gifted shares come to around Rs 240 crore as per company's closing share price of Rs 1,602.3 apiece.
  • Nifty snaps four-week gaining streak

    Vaibhav Vidwani, Research Analyst at Bonanza Portfolio, said that as mutual funds started to release the stress test findings, the investors pulled out of the small and midcap equities.
  • Govt approves E-vehicle policy; minimum investment fixed at USD 500 mn

    The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers.
  • Paytm Payments Bank ban: Key changes come into effect post March 15

    No credits or deposits other than interest, cash-backs, sweep-in from partner banks or refunds are allowed to be credited, according to the Central bank.
  • US court orders Byju’s to freeze $533 million owed to lenders

    Byju Raveendran and Divya Gokulnath are prohibited by the judge from further transferring or using any of the $533 million in loan proceeds previously held by Camshaft Capital Fund, and subsequently transferred to an unnamed and unknown offshore trust.
  • Paytm gets five handles to continue UPI transactions, existing one to continue

    On March 14, NPCI approved a third party application (TPAP) provider permit for Paytm in collaboration with SBI, Axis Bank, Yes Bank and HDFC bank for continuity of UPI transactions for the company's users.
  • Sebi board to consider allowing employees to donate on social stock exchange: Buch

    Buch added that personally, she is very keen to support the cause for emancipation of girls.
  • Gold and silver prices rise in India

    In the international markets, spot gold at Comex was trading at USD 2,169 per ounce, up by USD 9 from the previous close
  • Reliance Industries to buy 13% stake in Viacom 18 media for Rs 4286 Cr

    Viacom18, a TV18 Broadcast Limited subsidiary, is primarily owned by Reliance Industries, holding 57.48% stake through Compulsorily Convertible Preference Shares.
  • India’s February WPI inflation eases to 0.2%

    WPI Inflation Declines for Third Consecutive Month, Down from 0.73% in December
  • Hyundai, Kia to recall 1.7 lakh EVs over charging software issue

    The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Korea and Tesla Korea are subject to recall due to manufacturing defects.
  • Markets trade lower in early trade on fresh foreign fund outflows

    The 30-share BSE Sensex dropped 264.7 points to 72,497.19, while the Nifty declined 80.2 points to 21,917.50.
  • Rupee falls 5 paise to 82.86 against US dollar in early trade

    Forex traders said the strength of the American currency, foreign fund outflows, and elevated crude oil prices in the international market dented investors' sentiments.
  • Markets crash: Investors become poorer by Rs 13.47 lakh crore in single day

    Benchmark indices started the trade on a positive note, but the selling intensified during afternoon trade, with all sectoral indices ending in the red.
  • Zepto becomes first quick-commerce firm to levy platform fee of Rs 2

    Zomato-owned Blinkit and Swiggy Instamart, both competitors of Zepto, do not charge a fee on grocery orders, but collect a platform fee from food delivery orders.
  • Rupee falls 5 paise to 82.85 against US dollar in early trade

    At the interbank foreign exchange, the rupee opened at 82.82 against the dollar and touched an early low of 82.85 against the greenback.
  • Sensex, Nifty trade higher in early trade

    The Nifty advanced 111.05 points to 22,446.75.
  • PM Modi to launch new credit scheme to help poor start biz ventures

    The credit support will be provided to the eligible persons across the country through banks, non-banking finance companies-microfinance institutions (NBFC-MFIs) and other organisations.
  • Rupee falls 5 paise to close at 82.80 against US dollar

    Brent crude futures, the global oil benchmark, advanced 0.81 per cent to USD 82.88 per barrel.
  • Retail inflation at 5.09 pc in February, almost unchanged from January: Govt data

    Inflation based on the Consumer Price Index (CPI) was at 5.1 per cent in January and 6.44 per cent in February 2023.
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