Monday, July 28, 2025

Creating liberating content

PayPal said Monday it will allow businesses to accept payments

Firefly Aerospace CEO Jason Kim sits for an interview at

Related News

PayPal said Monday it will allow businesses to accept payments in more than 100 types of cryptocurrencies, including bitcoin and ethereum. Called “Pay with Crypto,” the new service will allow

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Firefly Aerospace will

Life Insurance Corporation of India has ramped up its activity in the bond derivatives market, entering into $1 billion worth of forward rate agreements (FRAs) with global lenders including JPMorgan

The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by persistent month-end dollar demand from importers and caution ahead

China’s decision to ban exports of certain rare earth elements could disrupt India’s domestic production and exports in at least five core sectors, including transport equipment, basic metals, machinery, construction,

The finance ministry has said there is room for further interest rate cuts by the Reserve Bank of India (RBI), as inflation remains comfortably below the central bank’s medium-term target

Trending News

The rupee gave up early gains and settled 18 paise lower at 86.70 against the US dollar on Monday, pressured by persistent month-end dollar demand from importers and caution ahead

China’s decision to ban exports of certain rare earth elements could disrupt India’s domestic production and exports in at least five core sectors, including transport equipment, basic metals, machinery, construction,

The finance ministry has said there is room for further interest rate cuts by the Reserve Bank of India (RBI), as inflation remains comfortably below the central bank’s medium-term target

Coal and Mines Minister G Kishan Reddy on Monday informed Parliament that promising reserves of rare earth elements (REE) have been discovered in the Singrauli coalfields of Madhya Pradesh, following

NEW DELHI: Shares of major IT companies dropped sharply on Monday after Tata Consultancy Services (TCS) announced plans to reduce its global workforce by 2 percent, cutting around 12,000 jobs.The

Access Denied You don’t have permission to access ” on this server. Reference #18.77fdd417.1753688561.2b7dbc2 Source link

Forex markets: Rupee rises 9 paise to close at 85.57 against dollar, FII inflows lend support amid global volatility

Word Count: 669 | Estimated Reading Time: 4 minutes


Forex markets: Rupee rises 9 paise to close at 85.57 against dollar, FII inflows lend support amid global volatility

The Indian rupee appreciated by 9 paise to settle at 85.57 against the US dollar on Monday, buoyed by strong foreign institutional investor (FII) inflows. Further gains were capped by rising global crude oil prices, a stronger US dollar, and mixed cues from domestic equities, forex traders said.At the interbank foreign exchange, the local currency opened at 85.62, hit an intra-day high of 85.51 and a low of 85.68, before closing at 85.57, stronger than its previous close of 85.66, PTI reported.FIIs drive rupee strength, but crude and DXY limit upsideForeign institutional investors were net buyers, pumping Rs 2,301.87 crore into domestic equities on Tuesday, exchange data showed.“The USD-INR spot pair remains range-bound between 85.00 and 86.00, awaiting a decisive trigger,” said Anindya Banerjee, Head of Currency & Commodity at Kotak Securities. He noted that comfortable liquidity conditions, aided by the recent cash reserve ratio (CRR) cut, have softened forward premiums due to narrowing interest rate differentials between India and the US, making hedging less attractive for exporters.Banerjee added, “We expect the RBI to remain active in the forex market to curb excess volatility. India’s stable macro fundamentals continue to provide support to the rupee.”Equities mixed, dollar index strengthens, crude climbsThe BSE Sensex closed 53.49 points lower at 82,391.72, while the Nifty edged up to 25,104.25.Globally, the dollar index (DXY) rose 0.15% to 99.09, indicating a strengthening US dollar against major currencies.“The next major directional cue for USD-INR could come from risk sentiment and the broader dollar trend. A sustained move above 100 in DXY could push USD-INR past 86.00, possibly toward 86.50,” Banerjee said.Meanwhile, Brent crude was up 0.18% at $67.16 per barrel in futures trading.Global sentiment hinges on US-China talks, CPI dataAnuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said, “Optimism over US-China trade talks boosted global risk appetite, but a stronger dollar and rising crude limited rupee gains.”He added that US CPI data due this week could be a key trigger. “USD-INR is likely to trade in the 85.35 to 86 range in the near term,” Choudhary said.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account