February 9, 2023 New Delhi, India Oil Prices Surge Amidst Geopolitical Turmoil Middle East Tensions Drive Oil Prices Up Oil prices surged this week as tensions continued to escalate in the Middle East. Brent crude futures climbed to $81.71 a barrel, marking a 0.1% increase, while US West Texas Intermediate crude futures rose to $76.39…
February 9, 2023 New Delhi, India RBI Holds Repo Rate, INR Trades Steady The Indian Rupee (INR) maintains a flat trajectory against the US Dollar (USD) as the Reserve Bank of India (RBI) keeps the repo rate unchanged at 6.5%. Despite renewed USD demand and higher US bond yields, the INR sees mild positive movements…
February 9, 2023 New Delhi, India Entero Healthcare Solutions IPO Opens Today Grey Market Premium Reflects Positive Sentiment The much-anticipated initial public offering (IPO) of Entero Healthcare Solutions Limited has opened today, aiming to raise ₹1600 crore through the issuance of fresh shares. Here’s a breakdown of the key details and early market sentiment: Grey…
February 8, 2023 New Delhi, India Indian Rupee Strengthens Against US Dollar Amid RBI Decision In recent trading sessions, the Indian Rupee (INR) has shown resilience against the US Dollar (USD), gaining ground following the Reserve Bank of India’s (RBI) decision to keep interest rates steady. RBI’s Policy Decision The RBI’s Monetary Policy Committee (MPC)…
February 8, 2023 New Delhi, India Fintech Partnership Propels Yes Bank’s Share Price to 52-Week High Clarification of Partnership Details Yes Bank witnessed a significant surge in its share price, hitting a 52-week high, driven by clarifications regarding its partnership with a fintech startup, LeRemitt. The bank assured investors that the collaboration is still in…
February 8, 2023 New Delhi, India RBI Holds Steady on Repo Rate Amidst Economic Stability The Reserve Bank of India (RBI) has announced its decision to keep the repo rate unchanged at 6.5% for the sixth successive time. The move comes as the central bank continues its efforts to balance economic growth with inflation control….
February 7, 2023 New Delhi, India Jana Small Finance Bank IPO The much-anticipated initial public offering (IPO) of Jana Small Finance Bank has opened for subscription, generating significant buzz in the market. With the IPO price band set and the grey market premium indicating strong demand, investors are eager to determine whether they should subscribe….
February 7, 2023 New Delhi, India Oil Prices Climb Amidst Production Forecasts and Economic Indicators WTI crude oil rises by 0.87% to $73.51, influenced by various factors including changes in US oil production forecasts and the performance of the US Dollar. Factors Driving the Rise Weaker US Dollar: The weakening of the US Dollar has…
February 7, 2023 New Delhi, India Paytm Shares Soar 13% Amid Regulatory Talks In a recent surge, Paytm shares experienced a 10% jump in a single trading session, extending a two-day rally to a significant 13%. This surge comes amidst reports of CEO Vijay Shekhar Sharma’s meetings with top officials, including Finance Minister Nirmala Sitharaman…
February 7, 2023 New Delhi, India Fed Speeches Influence USD/INR Exchange Rate Traders are closely monitoring speeches from Federal Reserve officials this week as they seek clarity on the future trajectory of US interest rates. Recent remarks from Fed Bank of Cleveland President Loretta Mester hint at a potential shift in policy if economic conditions…
