Nifty opens Above 18,200, Sensex Gains 800 Pts; Zomato, Bata, Ashok Leyland in Focus

The Sensex was up 827.54 points or 1.37% at 61441.24, and the Nifty was up 241.00 points or 1.34% at 18269.20. About 1686 shares have advanced, 364 shares declined, and 68 shares are unchanged. Offer price of Rs 170 a share too low for present times, says Fortis chairmanEven as IHH Healthcare Bhd is in talks discussions with the market regulator to proceed with its open offer for Fortis Healthcare and raise its stake over 51 per cent, the offer price could emerge as a sticking point, Kelvin Loh, CEO,…

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Indian rupee slumps 11 paise Market 

Indian rupee slumps 11 paise to 76.05 against US dollar in early trade

The rupee declined 11 paise to 76.05 against the US dollar in the opening trade on Friday, tracking the surge in international crude prices amid the intensifying Russia-Ukraine conflict. Unabated foreign fund outflows and a weak trend in domestic equities also weighed on investor sentiment, forex traders said. At the interbank foreign exchange, the rupee opened weak at 76.06 against the US dollar, then gained slightly to 76.05, registering a decline of 11 paise from the last close. On Thursday, the rupee had settled at 75.94 against the US dollar.…

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Indian rupee rebounds 32 paise Forex Analysis 

Indian rupee rebounds 32 paise to 75.28 against US dollar in early trade

The rupee recovered 32 paise to 75.28 in early trade on Friday tracking positive domestic equities and stronger Asian peers. The local currency opened on a strong note at 75.31 to a dollar at the interbank foreign exchange market and inched higher to 75.28, registering a gain of 32 paise over its previous close. Forex traders said markets will continue to remain volatile, and investors continued to keep a watch on the latest developments in eastern Europe. On Thursday, the rupee tanked 99 paise to close at 75.60 against the…

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Forex Analysis 

Dollar Slips From One-Month High Ahead of Fed Statement

By Administrator_ India Capital Sands The dollar edged marginally lower in early European trade Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve following the recent jump in U.S. inflation. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was less than 0.1% lower at 90.468, having hit a one-month high of 90.677 on Tuesday. USD/JPY was largely unchanged at 110.06, near its two-month high of 110.325 touched earlier this month, GBP/USD was…

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Forex Analysis 

Dollar Down Over Higher-Than-Expected Inflation Data

By Administrator_ India Capital Sands The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. The USD/JPY pair inched up 0.08% to 109.40, with a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics. The AUD/USD pair inched up 0.04% to 0.7755 as Australia is working on a quarantine-free travel corridor with Singapore. Across the Tasman Sea, the NZD/USD pair inched down 0.01% to 0.7195. The USD/CNY pair edged down 0.10% to 6.3865. The GBP/USD pair inched up 0.06% to 1.4182. Investors will be monitoring the…

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Economic News 

Dollar on tenterhooks as payrolls test looms

By Administrator_ India Capital Sands The U.S. dollar wobbled above major support levels on Thursday, as traders awaited a batch of U.S. economic data that could set the tone at central bank meetings later this month. Investors have bet on the dollar falling as the world recovers from the COVID-19 pandemic, but they have lately grown nervous over whether a surprisingly strong U.S. economic rebound poses a threat to a key assumption that interest rates will stay low for a long time. The mood has kept speculators from adding much…

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Economic News 

Dollar holds near two-week high, U.S. jobs data eyed for Fed clues

By Administrator_ India Capital Sands The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic data that has largely supported the case for a rapid recovery from the pandemic, with traders weighing whether a lift in inflation may force the Fed’s hand earlier than policymakers have so far suggested. The dollar index, which measures…

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Economic News 

Dollar near multi-week lows before Fed, bitcoin reclaims $54,000

By Administrator_ India Capital Sands The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields, as investors consolidated positions ahead of the Federal Reserve’s policy decision this week. The safe-haven greenback was also out of favor after world stocks started the week hitting a record high, amid increasing investor confidence in a rapid global recovery from the pandemic. In cryptocurrencies, bitcoin traded around $54,000 following a 10% surge on Monday, driven by reports that JPMorgan Chase  is planning to offer a managed bitcoin fund.…

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Dollar holds weak bias on expectations Powell will shun tapering Economic News 

Dollar holds weak bias on expectations Powell will shun tapering

By Administrator_ India Capital Sands The dollar nursed losses against most currencies on Monday amid speculation that U.S. Federal Reserve Chairman Jerome Powell will shun talk of tapering bond purchases at a policy meeting this week. The euro rose to a near two-month high against the greenback before data later on Monday forecast to show an improvement in German business sentiment, which would bolster hopes for a brighter economic outlook. Powell is likely to face questions over whether an improving labor market and rising coronavirus vaccinations warrant a withdrawal of…

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Rupee becomes worst-performing Asian currency; bonds rally in 2020 Economic News 

Rupee becomes worst-performing Asian currency; bonds rally in 2020

By Administrator_ India Capital Sands Bonds closed stronger on the last day of 2020 and the rupee weaker as the Reserve Bank of India  followed opposite strategies for the two throughout the year. The rupee ended at 73.1 a dollar on Thursday, against 71.4 at the end of 2019. It has depreciated 2.3 per cent in this calendar year, becoming the worst-performing currency in Asia. The rupee’s performance is also in sync with the aggressive foreign exchange reserve accumulation by the RBI. According to the latest numbers, as of December 18, India…

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