Mumbai: The Indian rupee on Friday rose by 40 paise to settle at 70.94 to the US dollar after forex market sentiment was buoyed by the government decision to slash corporate taxes. The news of lowering corporate tax rejoiced the equity market as well, but the bond market did not take the announcement very well. […]
Read MoreMumbai: The rupee dropped 10 paise to close at 71.34 against the US dollar on Thursday as heavy selling in domestic equities, unabated foreign fund outflows and rising crude oil prices kept investors edgy. Forex traders said investors also turned cautious after the US Federal Reserve dimmed hopes of further rate cuts. At the interbank […]
Read MoreMumbai: The rupee depreciated 25 paise to close at 68.69 against the US dollar Friday amid rising crude oil prices and unabated foreign fund outflows. Forex traders said the rupee traded in a narrow range ahead of the release of retail inflation and factory output data. Cautious trading in the domestic equity markets also weighed […]
Read MoreMumbai: Equity benchmarks Sensex and Nifty Tuesday closed in the green on emergence of buying in metal, energy and IT counters, but gains were capped by a caution among investors ahead of the crucial US Federal Reserve meeting. Snapping its four-day losing streak, the 30-share Sensex settled the day at 39,046.34, 0.22 per cent or […]
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