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The Indian rupee fell 12 paise to 81.52 against the US dollar in the early trade on Monday. The local unit is expected to appreciate amid weakness in the dollar and a rise in risk appetite in global markets. Market sentiments are expected to improve further on hopes the US Fed will reduce the pace of rate hikes in the upcoming meeting following softness in the US inflation print. “US$INR is likely to face rejection Read More

Rupee gained by 11 paise to 81.61 per dollar on Wednesday, up from its previous close amid ease in the value of the greenback against a basket of six peers. Global crude oil benchmarks rebounded putting pressure on the currency. The dollar index was trading 0.1 per cent lower at 101.6. Sharp gains in the local unit were prevented by a rebound in crude oil prices amid optimism on-demand recovery in China. Brent crude futures Read More

Indian wheat prices hit a fresh record high on Monday, following a delay in releasing extra stocks by the government to boost supplies and calm the domestic market reeling from shortages triggered by last year’s lower crop, dealers and farmers said. India, the world’s second-biggest producer of wheat, banned exports in May 2022 after a sudden rise in temperatures clipped output, even as exports picked up to meet the global shortfall triggered by Russia’s invasion Read More

Asia’s richest man, Gautam Adani, plans to sell shares to the public in at least five companies between 2026 and 2028, helping the port-to-power conglomerate improve debt ratios and broaden its investor base. “At least five units will be ready to go to the market in the next three to five years,” Jugeshinder Singh, Adani Group’s chief financial officer said in an interview. He said Adani New Industries Ltd., Adani Airport Holdings Ltd., Adani Road Read More

Gold prices jumped by Rs 433 to Rs 57,025 per 10 grams on Friday amid a rally in the metal in the global markets, according to HDFC Securities. In the previous trade, the precious metal had ended at Rs 56,592 per 10 grams. Silver also zoomed Rs 990 to Rs 69,208 per kg. “Spot gold prices in the Delhi markets traded at Rs 57,025 per 10 grams, up Rs 433 per 10 grams,” said an Read More