Currencies

Consumer inflation in the country stood at 6.93 per cent in November, easing from 7.61 per cent in the previous month, government data released on Monday showed. That was better than a reading of 7.10 per cent estimated by analysts in a poll by news agency Reuters. Still, retail inflation — or the rate of increase in the prices that...

The government succeeded in divesting 20 per cent stake in the railway ticketing firm, Indian Railway Catering and Tourism Corporation (IRCTC) in the recently concluded offer for sale (OFS). The retail investors lapped up all the shares up for sale and the institutional investor portion was subscribed 1.34 times. Following the share sale, the government's stake in IRCTC will...

The Finance Minister Nirmala Sitharaman will hold her 1st pre- budget consultations with top industrialists tomorrow i.e. December 14. The finance minister will start her pre-budget consultations with different stakeholder groups from tomorrow, December 14, 2020 in New Delhi and the meetings will be held virtually, the finance ministry said. The finance minister is likely to present her second...

The rupee ended flat at 73.64 against the US dollar on Friday, December 11, while trading in a narrow range and tracking recovery in domestic equities towards the end of the session. At the interbank foreign exchange market, the local unit opened at 73.65 against the dollar and registered an intra-day high of 73.56. It witnessed a low of 73.71. The rupee finally closed at...

The rupee strengthened by three paise against the US dollar on Wednesday, December 9, and settled at 73.57 (provisional), supported by heavy buying in domestic equities and foreign fund inflows. At the interbank foreign exchange market, the local unit opened at 73.58 against the dollar and registered an intra-day high of 73.49. It witnessed a low of 73.61. In...

Domestic stock markets started Wednesday's session on a positive note, continuing a rally amid optimism on a fast recovery from the coronavirus pandemic-caused slowdown. The S&P BSE Sensex index jumped 290.51 points, or 0.64 per cent, to touch 45,899.02 at the strongest level recorded in early deals, and the broader NSE Nifty 50 benchmark climbed to as high as...

India's economy, severely affected by the coronavirus pandemic, is gradually recovering, the International Monetary Fund (IMF) said on Thursday. The country's economy recovered faster than expected in the September quarter, as a pickup in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. "India has indeed...

Ending its two-day losing streak, the rupee soared 13 paise higher against the US dollar on Friday, December 4, and settled at 73.80 (provisional) as the Reserve Bank of India (RBI) kept the interest rates unchanged for the third time in a row. At the interbank foreign exchange market, the local unit opened at 73.81 and registered an intra-day high of 73.70....

The rupee edged lower by 12 paise against the US dollar on Thursday, December 3, settling at 73.93 (provisional) as investors remained cautious ahead of the Reserve Bank of India's (RBI) policy meet outcome. At the interbank foreign exchange market, the local unit registered a highly volatile trading session. The rupee opened at 73.81 and witnessed an intra-day high of 73.68. It registered a low...

Cryptocurrency Bitcoin jumped by more than $850 - or 5 per cent - to touch the $18,238.20 mark on Sunday, inching towards an all-time high of $19,666 registered this week. Recent gains in the virtual currency are part of a broader bull run that began last month after US-based online payments company PayPal allowed its customers to use Bitcoin...