The rupee on Monday tumbled by 68 paise to close at a nearly 8-week low of 66.44 against the American currency.
Inflation is down and there's every chance that crude prices will be subdued through the next year.
Dollar's strength against other currencies overseas capped the rupee's gain
Air India has recorded 19.5 per cent rise in sales revenue in the Gulf-India route in the past three months, a senior official of the Indian national carrier said.
The S&P BSE Sensex has gained 149 points to open at 25,802.
The dollar index surged to multi-year high.
Projecting an up to 7 per cent economic growth rate in the current fiscal for India, credit card firm Mastercard on Wednesday said the country could recover from the global meltdown faster than many other markets as it has been less capital intensive in its development.
'The world and India likely won't have a vaccine that is widely administered till the end of 2021.' 'In the meantime, clear communication would help,' observes Rahul Jacob.
Dealers expect prices to fall further, owing to an impending rate hike in the US
India may be at the fag end of a downcycle that has lasted over 7 years
It is time he stood up and assured the middle class that they can count on him as one of their own, says Dr Sudhir Bisht.
However, investors have turned cautious over the likelihood of Britain leaving the European Union.
Launched in December 2013, the Kawasaki Z1000 costs Rs 25,000 more than the Suzuki GSX-S1000 and have almost similar equipment and power delivery. So, why are we comparing these two? Let's get into their detailing and clear the confusion with a quick comparison.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The struggling smartphone maker has been slashing prices of its handsets in India -- Z30, Z10, Q5, 9320 and 9720 -- to drive sales due to competition from Android, iOS and Nokia's Windows Phone, which have been offering devices at affordable prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Forex dealers said besides dollar gaining against other currencies in the global markets, increased demand for the American currency from importers and lower opening in the domestic equity market influenced the rupee.
'You need to devalue the currency, ignite inflation, which then begins to oil the wheels of the economy.' 'Without that this severe recession is not going to reverse.'
Bharti's ratings headroom is likely to improve with an equity infusion, planned asset sales and growing EBITDA from Africa.
Sensex closed over 118 points down on Thursday.
Sluggish domestic equities and persistent capital outflows largely pressurised the Indian unit
Markets climb higher tracking global cues.
Ratio trading in gold and silver prices is a trading tool.
The Indian rupee ended slightly lower at 64.01/02 per dollar compared with Tuesday's close of 63.98/99 per dollar due to month-end dollar demand by importers.
The past decade saw three full cycles of markets moving up and then going into bear phases.
Spotlight likely on cement, metals, road cos
Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring. Moody's, which has a 'Baa3' rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile. The US-based rating agency had in February forecast a 13.7 per cent economic growth for the current fiscal (April 2021-March 2022).
The rupee had eased by 2 paise to close at fresh 2-month low of 62.78.
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
The 30-share Sensex ended 79 points lower at 26,909 and the 50-share Nifty closed 25 points lower at 8,102.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas also supported the rupee, but a lower opening in the domestic equity market limited the rise.
Though valuations have moderated, they are still above average.
Prime Minister Narendra Modi had asked exporters to prepare a strategy for the next five years and start working in that direction.
Combined sales at top four manufacturers - Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra - dropped 20 per cent to 20,324 units in November
In 16 days, petrol price has been hiked by Rs 8.3 per litre and diesel by Rs 9.46 - a record increase in rates of the fuel in any fortnight since pricing was deregulated in April 2002.
The rupee ended lower by 7 paise to 62.31 against the American currency on fresh dollar demand from banks.
The global economy is fragile now. It continues to face both long-term and short-term issues.
On Wednesday, the rupee had dropped by 26 paise.
The rupee had weakened by 2 paise to end at 61.17 in yesterday's trade on late dollar demand from importers amid fresh capital outflows.
