Currency watch: Rupee closes flat at 85.52 vs dollar, equities crash and oil spike limit gains

The rupee marginally strengthened against the US dollar, closing at 85.52, supported by a weaker greenback and anticipation of Federal Reserve rate cuts. However, a sharp decline in domestic equities, with the Sensex and Nifty falling significantly, and rising crude oil prices, limited the rupee's gains. Foreign institutional investors also offloaded equities, further impacting market sentiment.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/aLPvAcF

Comments

Post a Comment

Popular posts from this blog

Why US students are confiding in chatbots over teachers and parents: Here's you need to know

Image
American students are increasingly turning to AI for academic and personal support, often replacing conversations with teachers and parents. A survey by the Center for Democracy & Technology shows that while AI aids learning, it risks weakening critical thinking, problem-solving, and human connection. Students must use AI thoughtfully to enhance, not replace, real engagement and independent reasoning. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/72yIMCX
Read more

Sebi taps DigiLocker to ease unclaimed assets transfer

Image
Sebi plans to leverage the government's DigiLocker system to address unclaimed assets in the securities market. By integrating demat and mutual fund holding statements, and information on investor deaths, Sebi aims to streamline the transfer of assets to rightful heirs. This initiative will consolidate individuals' financial holdings within their DigiLocker accounts and notify nominees upon the account holder's demise. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sIo4vhz
Read more