After selling dollars for the past few months, the Reserve Bank of India (RBI) may take a hands-off approach before its annual account closing by not trying to prop up the rupee as geopolitical tensions show signs of stabilising with global crude oil prices easing from its $140 peak. The central bank was a net buyer of dollars between April and September, and then turned a net seller in the following months, the data released by the RBI showed. The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.
India is Asia's third-best performing equity market.
Those interested in investing in gold have shifted to instruments, such as sovereign gold bonds and gold ETFs. Many others are, in fact, selling gold or using it as collateral to generate short-term liquidity.
A trip with a new date can be a medley of emotions; it is highly thrilling and, at the same time, surprisingly nerve-wracking. But with these tips in mind, you can aim to have the most memorable holiday together, notes rediffGURU Ravi Mittal, CEO, Quack Quack, an online dating app.
Homosexuality is illegal in Qatar
UPL, the country's largest agrochemical company, had a weak July-September quarter (Q2), reporting a sharp fall in revenues across geographies. Overall, the revenues were down 19 per cent on the back of lower agrochemical prices and inventory destocking. While the overall volumes were down 7 per cent, prices fell by 15 per cent. Volume decline in the European market was on the back of high channel inventory and product bans while in India the fall by 27 per cent was on account of muted demand for segments such as cotton and pulses.
Rohit Sharma has now led India to the third global final in last 12 months.
Summary of sports events and persons who made news on Saturday
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
Images from the T20 World Cup Group A match between India and Pakistan in New York on Sunday.
Senior leader P Chidambaram whose Rajya Sabha tenure is ending from Maharashtra is under consideration from Tamil Nadu as the Congress is all set to get the support of alliance partner the DMK. The G-23 leaders, including Ghulam Nabi Azad, Anand Sharma and Vivek Tankha, are also said to be in contention.
In private, questions are being raised about the wisdom of a 'dual-SIM' leadership during the long run-up to the 2026 assembly polls where 'family rule' could become an election issue, reports N Sathiya Moorthy.
IMAGES from the T20 World Cup match played between West Indies and Papua New Guinea, in Georgetown, Guyana, on Sunday.
''The outcome of the state polls may lead to some strategy-related permutations and combinations and the markets may extrapolate it to the likely outcome in the general elections.'
India is on the brink of overhauling its tax system, implementing the BEPS project and seeing a further evolution of the GST at the same time as a general election. This makes 2019 an exciting and challenging year, note Maulik Doshi and Jigar Doshi.
To ensure immediate cooling of the body, the hospital has set up a first-of-its-kind heatstroke unit.
'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
Australia opener Usman Khawaja has vented his frustration after the team lost 10 World Test Championship (WTC) points for slow over-rates.
Manchester City won an unprecedented fourth straight English top flight title with a 3-1 win over West Ham United.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
If the Congress reached 90, it would have a pretty good chance of holding the BJP below the 272 mark. A hundred seats will rock national politics, argues Shekhar Gupta.
Rahul Tewatia's entertaining cameo of 36 from 18 balls was the turning point for the Gujarat Titans.
The dawn of a new era had begun under Sourav Ganguly's aggressive leadership. With Ganguly and Coach John Wright at the helm India had transitioned into a force to be reckoned with.
The work we have done in the south and the northeast over the last 10 years under Prime Minister Modi's leadership, we have started getting results of the same, he said.
Sweden's Armand Duplantis broke his own pole vault world record with a jump of 6.21 metres on Sunday on the way to winning his first gold medal at the World Athletics Championships.
India launched their home World Cup campaign with a six-wicket victory over Australia after Virat Kohli and KL Rahul guided them through a jittery run chase on Sunday.
'If the NDA comes to power with 320-330 plus seats, then we could see some correction. We could possibly see a level of 19,500 to 20,000.' 'If the NDA comes to power with a majority of 400-plus, we could see the markets going to about 23,500-24,000 levels.' 'And from there we could see some correction because markets are expensive at this point of time and a correction is overdue.'
After a sharp fall in the share prices of HDFC Bank and other private sector lenders in the past three days, the BFSI (banking, financial services and insurance) sector weighting in the Nifty50 has slipped to a seven-year low of 32.03 per cent, down from nearly 36.6 per cent at the end of March 2023 and 34.5 per cent at the end of December 2023.
While the saffron party may not get a majority, the National Democratic Alliance will sail through, said Gujral, who represents one of the BJP's oldest allies in Parliament.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
While the tournament saw the emergence of young stars, the usual suspects, the big names flattered to deceive.
India bowled England out for 218 and cruised to 135/1 in their robust reply to seize early control of the fifth and final test.
Where do Vijay and his TVK expect to get their votes from? Vijay has a huge fan following among women, but will they automatically become his voters like they had done for MGR's AIADMK, asks N Sathiya Moorthy.
'The markets will correct, and they are bound to correct. The boom will turn into bust.' 'When this bust happens, people would lose like they have lost in the past.' 'Whatever you have made possibly in the last couple of years, you may lose in a couple of weeks. That's very much possible.'
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
A fit-again Suryakumar Yadav will be expected to immediately deliver the goods when faltering Mumbai Indians and Delhi Capitals lock horns in a bid to arrest their slide in their Indian Premier League clash here on Sunday.
Investors are reluctant to take long-term positions this year after the spectacular gains in 2023. The delivery-based trades on the National Stock Exchange (NSE) have declined to below 36 per cent this year from an average of 38.1 per cent in 2023. Investors tend to seek delivery for stocks where they see a long-term investment opportunity or tactical positional trade.
Bumrah, Coetzee and Patel all took three wickets each.
Images from the US Open men's singles second round matches, at Flushing Meadows, New York, on Thursday.
