It is the rupee's biggest single-day gain this year.
'Villages are much better prepared than towns as far as COVID-19 is concerned.'
India too will advocate the IMF quote reforms at the two-day meeting of G20 Finance Ministers and Central Bank Governors beginning Saturday.
A stable dollar will at minimum reduce incremental cross-currency pain for Indian cos.
Market recovery on the cards in 2014 as investors are likely to chase higher yields
A massive outflows of foreign funds on the back of stricter participatory notes and renewed possibility of Fed lifting US interest rates largely impacted the domestic unit.
As we say shalom to 2016, the key drivers for the markets in the year ahead have become more obvious, says Neeraj Gambhir, managing director and head of fixed income, India, Nomura. First, there is a surging dollar. Second, rising commodity prices. Then, we have the effects of demonetisation.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
India's current account deficit narrowed sharply to just $300 million
The Indian stock market had rallied through the first fortnight of October but it gave back the bulk of its gains in the second half.
The Reserve Bank has taken some steps to shore up the domestic currency.
The Asian markets are largely trading in the green, taking heart from a positive close on Wall Street.
Major losers include Lupin 1.96 per cent, along with Tata Motors, Coal India and Sun Pharma.
The rupee recovered by 11 paise to trade at 60.84 against the US dollar in early trade today on selling of the American currency by banks and exporters.
One man was killed and two others injured in Thrissur district on Tuesday after an uprooted tree fell on them in heavy rains and strong winds.
Bearish greenback overseas and robust capital inflows predominantly supported the domestic currency
It was truly heartening to see how the Sikh community had risen to the occasion during the Black Lives Matter peaceful protests and the coronavirus pandemic and selflessly served those looking for nourishment.
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
'This was the first time that I played points and that was too much for me today'
The Mahindra group's Igatpuri plant becomes the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com finds out how this was achieved.
A day after the Tamil Nadu assembly speaker disqualified 18 MLAs from the AIADMK's V K Sasikala-T T V Dinakaran faction, Rediff.com's A Ganesh Nadar spoke to a couple of MLAs.
Global brokerage firm CLSA is positive on India's growth stroy.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
A substantial fluctuation is likely because for a long period gold has moved in a narrow range of $ 50-60 and at higher levels short positions were built.
'The market movement will be largely driven by earnings growth.'
The rupee is stable, and a number other of measures have been taken to bring stability in the capital market, the FM said.
The inflows came against the backdrop of US Federal Reserve's decision to start reducing its bond purchases by $10 billion, to $75 billion, from this month.
On Wednesday, FIIs sold shares worth Rs 1,573 crore.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
'It is perplexing to see the leader of the First World with a first rate medical infrastructure come up short on its foresight to handle the pandemic,' notes Group Captain Murli Menon (retd).
The dollar moved higher, while prices for US government debt fell, as traders ramped up bets the Federal Reserve would raise interest rates in March
Ravi Gopalakrishnan, head-equities, Canara Robeco Mutual Fund, tells Ashley Coutinho that earnings growth will pick up once the benefits of reform initiatives accrue.
The rupee had retreated from three-week high and ended six paise down at 60.67 against the dollar on demand from importers for the US currency in Thursday's trade.
Sentiment remains broadly supported on strong foreign buying in Indian markets, especially in debt.
Rumours about a spike in taxes for equity investors are flying thick and fast.
Stock markets in structural bull run but there can be bouts of volatility says Ravi Gopalakrishnan, head, equities, Canara Robeco Mutual Fund
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
'From a retail investor's perspective, therefore, it is essential not to get swayed by the short-term correction in the equity market and macro noise, and stay the course with their long-term financial plans,' notes Ashwin Patni.
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