Due to the heightened hedging activity by foreign investors and robust demand for dollars, three-month non-deliverable forward (NDF) points for the dollar-rupee pair has been trading at its highest since November 2022, according to Bloomberg data.
The rupee has been trading with a depreciation bias, hitting new lows over the past few weeks.
The dollar remains strong, driven by expectations of fewer Federal Reserve rate cuts in 2025 amid concerns that United States President-elect Donald Trump's proposed tariffs and tax cuts could drive higher inflation.
Esta historia es de la edición January 10, 2025 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 10, 2025 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
SIP OF LIFE
How Makaibari, the iconic Darjeeling tea brand, is seeking to brew a touch of lifestyle and heritage in Kolkata and beyond
Lanka power project not cancelled: Adani group
The Adani group on Friday denied the cancellation of Adani Green Energy's (AGEL's) wind power project in Sri Lanka. The group said the tariffs for the project are being re-evaluated as part of a standard process.
Highways Infra Trust eyes ₹25k cr AUM this FY
Highways Infrastructure Trust's growth is set to be fuelled by the infusion of ₹5,500 crore from its key investors -- KKR and Ontario Teachers' Pension Plan (OTPP), said Gaurav Chandra, executive director and joint chief executive officer.
Patanjali recalls 4 tonnes of red chilli powder
Home-grown fast-moving consumer goods (FMCG) company Patanjali Foods on Friday said that it had recalled four tonnes of red chilli powder (200 gm packs) from the market.
GCPL net down 14.2% at 498 cr
Godrej Consumer Products Ltd (GCPL) on Friday reported a 14.24 per cent decline in consolidated net profit after tax (PAT) of ₹498.31 crore in the third quarter ended December 2023, impacted by demand headwinds in India and surge in palm oil prices.
Sebi bars Suumaya’s promoters for fraud
The Securities and Exchange Board of India (Sebi) on Friday debarred four individuals from the promoter group and management of Suumaya Industries for allegedly manipulating markets (Suum) from accessing the market and engaging in fraudulent transactions, and diverting funds.
DFS secretary: Pension fund market needs diversification
The pension fund industry requires greater participation, given the high concentration of assets, Department of Financial Services (DFS) Secretary M Nagaraj said on Friday.
Future shock for India in technology?
A large chunk of its workforce is unprepared as AI, ML become common
Fall in rupee an investment opportunity for NRIs, GCCs
However, experts warn of risks ahead
Tata Electronics acquires 60% in Pegatron India, bags iPhone plant
Tata Electronics announced on Friday its acquisition of a controlling 60 per cent stake in Pegatron Technology India Private Limited - a subsidiary of Taiwanese electronics manufacturing giant Pegatron Corporation.
