July 25, 2024 New Delhi, India GBP/USD The Pound Sterling (GBP) weakened to 1.2880 against the US Dollar (USD) during Thursday’s London session. The decline in the GBP/USD pair comes amidst sour market sentiment ahead of the advanced United States (US) Q2 Gross Domestic Product (GDP) data, which is set to be published at 12:30…
July 25, 2024 New Delhi, India WTI Crude Oil Price Oil prices eased on Thursday as concerns over weak demand in China, the world’s largest crude importer, and expectations of a nearing ceasefire deal in the Middle East overcame gains from the previous session after draws in U.S. inventories. Market Overview: Brent Crude and WTI…
July 23, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) has shown signs of recovery in early Tuesday trading, bouncing back after reaching an all-time low in the previous session. This improvement comes on the heels of India’s Finance Minister Nirmala Sitharaman’s presentation of the Union Budget 2024-25, which has sparked optimism in…
July 23, 2024 New Delhi, India XAU/USD Gold prices have been under pressure, struggling to gain traction amid a mix of economic and geopolitical factors. As the precious metal trades near a one-week low, investors are weighing the implications of potential rate cuts by the Federal Reserve and other global economic developments. Current Market Dynamics:…
July 16, 2024 New Delhi, India Oil Prices Oil prices have slipped due to worries about a slowing Chinese economy, which is expected to dampen demand. However, the potential for the U.S. Federal Reserve to cut interest rates as early as September has limited further declines. Key Highlights: Oil Price Movements: Brent Crude: Fell 21…
June 18, 2024 New Delhi, India Daily Currency Market Update USDINR Trading Range: 83.52-83.62 The Indian Rupee closed nearly unchanged, as the pressure from dollar demand by local corporates was offset by dollar offers from state-run banks. In the US, factory gate prices declined by 0.2% in May, contrary to market expectations of a 0.1%…
June 7, 2024 New Delhi, India Key Highlights from RBI MPC Meeting June 2024 The Reserve Bank of India (RBI) concluded its first Monetary Policy Committee (MPC) meeting since the Lok Sabha Elections 2024, announcing several significant decisions. The repo rate remains unchanged at 6.50%, marking the eighth consecutive term without a change, as the…
January 5, 2024 New Delhi, India Nestle India Stock Split Nestle India, a major FMCG player, has recently announced a significant move to undergo a 1:10 stock split, making waves in the stock market. The decision, approved by the board of directors, is set to impact share prices and affordability for investors. Stock Split Details:…
December 26, 2023 New Delhi, India Nestle India’s Stock Split Nestle India has declared a significant move in its financial strategy, announcing a stock split at a ratio of 1:10. This development comes on the heels of the company’s robust financial performance in the second quarter, where profits witnessed a remarkable 36% year-on-year increase, reaching…
December 11, 2023 New Delhi, India Global markets are navigating a cautious path as economic data and geopolitical tensions shape investor sentiment. In this article, we explore the recent movements in the USD/INR currency pair and the Gold market. USDINR Holds Steady Amid RBI Decision RBI’s Monetary Policy: The Reserve Bank of India (RBI) recently…
