This week, stress in the U.S. banking system spread to Europe, making things worse for Credit Suisse, which was already in trouble. The European lender has had trouble for a long time. But on Wednesday, the problems with the bank became very clear. After a crazy 24 hours in which the bank’s stock price dropped…
Oil prices were little altered on Friday following a meeting between Saudi Arabia and Russia that helped to calm the markets, but crude benchmarks were still on track to drop for a second consecutive week after this week’s sell-off in the global financial markets was started by a banking crisis.By 0133 GMT, Brent crude prices…
The rupee is anticipated to experience more pressure due to the risk-off attitude on global markets brought on by the Credit Suisse disaster. The domestic currency decreased slightly towards 82. 79 in postmarket transactions after closing at 82. 61 on Wednesday’s interbank foreign exchange market.According to bankers, since issues have been percolating within the banking…
Reliance Industries (RIL) has moved the majority of its oil traders from Mumbai to Dubai, carrying out a plan that was first announced in 2021 but that is now timely given the rise of Dubai as a major commodities hub following Russia’s war. According to insiders, the refiner currently purchases and trades most of its…
September 19, 2024 New Delhi, India Stock Market Today The Indian stock market closed on a mixed note following the U.S. Federal Reserve’s decision to cut interest rates by 50 basis points. The Sensex rose by 236 points, ending at 83,184, while the Nifty gained 52 points to close at 25,415. While banking and FMCG…
September 19, 2024 New Delhi, India USDINR Today Rupee (INR) gained momentum on Thursday, benefiting from a softer US Dollar (USD) following a significant interest rate cut by the US Federal Reserve. The Fed reduced the federal funds rate by 50 basis points to a range of 4.75% to 5.00%, marking its first rate cut…
September 17, 2024 New Delhi, India Starting Monday, September 16, the National Payments Corporation of India (NPCI) has raised the Unified Payments Interface (UPI) transaction limit to ₹5 lakh for select services. The standard UPI limit remains ₹1 lakh per transaction, while the limit for capital markets, insurance, collections, and foreign remittances stands at ₹2…
September 16, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded on a weaker note during Monday’s early European session, despite a softer US Dollar (USD). The combination of declining crude oil prices, strong foreign institutional inflows (FII) into Indian stock markets, and firm bets on a potential Federal Reserve rate cut later…
September 11, 2024 New Delhi, India Stock Market Today On Wednesday, September 11, 2024, Indian equity markets ended in the red, with the BSE Sensex falling 398.13 points or 0.49% to close at 81,523.16 and the NSE Nifty50 dropping 122.65 points or 0.49% to end at 24,918.45. The markets were dragged down by weak global…
September 11, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) remained stable against the US Dollar (USD) on Wednesday, trading around the 84.00 level amid growing speculation of potential interventions by the Reserve Bank of India (RBI) in the foreign exchange market. Traders believe the RBI may step in to support the INR…
