Articles for tag: Concerns, Dollar, Foreign, Hits, Indian, Investments, Market, Overheating, Rupee, Sparking, Surging

Market News

The Indian rupee hits a new low against the dollar amid surging foreign investments, sparking concerns of market overheating.

The Indian rupee hits a new low against the dollar amid surging foreign investments, sparking concerns of market overheating.

This September, foreign investors have significantly increased their investments in Indian equities, pouring in around Rs 33,700 crore, mainly driven by the US Federal Reserve’s recent interest rate cut. This surge marks one of the highest monthly inflows this year, showcasing renewed confidence in the Indian Market. The overall investment from foreign portfolio investors has ...

Market News

RBI Governor Shaktikanta Das stabilizes the rupee, amasses 0 billion in reserves, balancing export growth and economic stability amid global pressures.

RBI Governor Shaktikanta Das stabilizes the rupee, amasses $700 billion in reserves, balancing export growth and economic stability amid global pressures.

Shaktikanta Das, the Governor of the Reserve Bank of India, has skillfully balanced the rupee’s stability while supporting Prime Minister Modi’s export goals. India’s foreign exchange reserves have reached nearly $700 billion, echoing China’s past strategies. This approach has made the rupee less volatile, even as it hit record lows close to 84 per dollar. ...

Market News

Rupee rises to 83.70 against the dollar, boosted by lower oil prices and positive equity markets after US rate cuts.

Rupee rises to 83.70 against the dollar, boosted by lower oil prices and positive equity markets after US rate cuts.

The Indian rupee appreciated by 6 paise, reaching 83.70 against the US dollar in early trade on Thursday. This boost came following the US Federal Reserve’s decision to cut interest rates, which positively influenced investor sentiment. Additional support for the rupee was provided by declining crude oil prices, strong performance in domestic equity markets, and ...

Market News

Rupee Dips to Historic Low Amidst Unstable Market Forces in August

Rupee Dips to Historic Low Amidst Unstable Market Forces in August

In August 2024, the Indian rupee faced challenges, becoming the second-worst performing currency in Asia after the Bangladesh Taka, due to high demand for the US dollar and a drop in investment in Indian equities. The rupee depreciated by 0.2 percent, trading at Rs 83.87 per dollar, nearing its all-time low. Despite this decline, the ...

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