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Rupee sinks 61 paise; sharpest dip in 2 years
Financial Express Delhi|January 14, 2025
THE GEOPOLITICAL TENSIONS in West Asia, fresh US sanctions on Russia, and the ongoing Russia-Ukraine conflict are also contributing to the rise in Brent crude prices, which cannot be ignored, as it will impact the fiscal math for India and have impact on rupee, he added.

The benchmark 10-year bond yield ended higher at 6.85%, its highest since November 22, compared with its previous close of 6.77%, posting its biggest single-session rise since June 4.

"It seems that the RBI is intervening, but they do not seem to be holding on a particular level. There is course and intent to correct some amount of overvaluation that has been built up, and let it align with how other peers are moving," said Sakshi Gupta, principal economist at HDFC Bank.

هذه القصة مأخوذة من طبعة January 14, 2025 من Financial Express Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

Rupee sinks 61 paise; sharpest dip in 2 years
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هذه القصة مأخوذة من طبعة January 14, 2025 من Financial Express Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS DELHI مشاهدة الكل
Financial Express Delhi

Infosys Raises Guidance for FY25

Net profit rose 4.6% quarter-on-quarter to \" 6,806 crore, slightly above analysts' expectations of \" 6,773 crore.

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Financial Express Delhi

Bezos blasts into commercial space race

BLUE ORIGIN'S GIANT New Glenn rocket blasted off from Florida early Thursday morning on its first mission to space, an inaugural step into Earth's orbit for Jeff Bezos' space company as it aims to rival SpaceX in the satellite launch business.

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1 min  |
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Financial Express Delhi

Kirloskar Oil Engines vs Sebi: KBL plea to intervene allowed

KIRLOSKAR BROTHERS (KBL) was granted permission on Thursday to intervene in the Kirloskar Oil Engines (KOEL) versus markets regulator Securities Exchange Board of India (Sebi) case before the Securities Appellate Tribunal (SAT).

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1 min  |
January 17, 2025
Financial Express Delhi

Jio profit jumps 4.9% to ₹6,861 cr, Arpu at ₹203

DRIVEN BY TARIFF HIKES; REVENUE UP 4.3% TO ₹33,074 CR

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1 min  |
January 17, 2025
Financial Express Delhi

Delivery dilemma

● Why criticism against q-comm practices is growing

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January 17, 2025
Financial Express Delhi

Rural India extends lead in internet usage: Study

The gap between the number of internet users in rural and urban India has grown, with rural areas adopting the internet at a faster pace, according to a report by IAMAI and market research firm Kantar.

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1 min  |
January 17, 2025
Financial Express Delhi

India Likely to Maintain Strong Growth in 2025: WEF Report

THE GLOBAL ECONOMIC outlook for 2025 remains \"subdued\", but India is likely to maintain a \"strong growth\", according to a World Economic Forum (WEF) report.

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1 min  |
January 17, 2025
Financial Express Delhi

BP to Cut 5% of Workforce

BP IS ELIMINATING 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.

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1 min  |
January 17, 2025
Financial Express Delhi

RBI Relaxes FEMA Regulations to Boost Cross-Border Trade

WITH AN AIM to encourage the use of the rupee and other currencies to settle cross-border transactions, the Reserve Bank of India (RBI) on Thursday further liberalised regulations under the Foreign Exchange Management Act (Fema).

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1 min  |
January 17, 2025
Financial Express Delhi

Barclays in the fray to take over Apple's credit card business

APPLE IS in talks with Barclays to replace Goldman Sachs as the tech giant's credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

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1 min  |
January 17, 2025

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