On December 18, the Indian rupee dropped to an all-time low of 84.9550 against the U.S. dollar before closing at 84.9525, down 0.07%. The decline was driven by strong dollar demand from importers, expected outflows from local equities, and speculative dollar bids. Weak Regional Currencies Add Pressure The rupee’s fall mirrored the broader weakness in …
Oil prices dropped as the Federal Reserve’s outlook for fewer interest-rate cuts in 2025 led to a stronger dollar. Brent crude fell to around $73 per barrel, and West Texas Intermediate (WTI) traded at $70. Although the Fed lowered borrowing costs as expected, it reduced the number of rate cuts expected next year, boosting the …
December has historically been a strong month for the Indian stock market, with a 73% probability of positive returns over the past 26 years. This month often delivers optimism driven by portfolio rebalancing, festive season boosts, and active participation by foreign investors. Let’s dive into the key trends shaping the markets this December. December: A …
The Indian stock market, often seen as a barometer for the country’s economic health, has witnessed several key events in 2024 that have influenced its trajectory. From policy shifts and global economic trends to corporate earnings and market sentiment, each of these moments has played a crucial role in shaping the market’s landscape. Here’s a …
Indian Government has been actively fostering the growth and stability of the banking ecosystem via proactive measures focused on business and employee welfare. These efforts aim to ensure transparency, stability, and continued growth. Over the past decade, numerous citizen- and staff-centric reforms have been implemented, contributing to the overall strengthening of the sector. Reforms in …
India’s merchandise trade deficit reached a record $37.8 billion in November, fueled by rising gold and petroleum imports, while falling petroleum export prices impacted export growth. What Led to the Surge in India’s Trade Deficit? India’s merchandise trade deficit has surged to an all-time high of $37.8 billion in November 2024. The sharp increase is …
China’s retail sales growth unexpectedly weakened in November, rising by just 3% compared to the same month last year. This is the slowest growth in 3 months and far below the 4.8% increase seen in October. Industrial Output Shows Modest Growth Industrial output increased by 5.4%, slightly better than the 5.3% growth in the previous …
The RBI (Reserve Bank of India) in Mumbai received a bomb threat email on Friday, according to police reports. The email, written in Russian, threatened to blow up the bank. A case has been filed against an unknown individual, and an investigation is currently underway. Similar Threats in Delhi Schools In a separate incident, over …
The Securities and Exchange Board of India (SEBI) is working to lower the ₹4.5 trillion “float” held as collateral by brokers, custodians, and clearing corporations. Ananth Narayan, SEBI’s Whole-Time Member (WTM), stated that this initiative seeks to reduce risks and enhance transparency in the financial system. Focus on Same-Day Settlements (T+0) Narayan emphasised the move …
The year-on-year inflation rate based on the All India Consumer Price Index (CPI) for November 2024, compared to November 2023, stands at 5.48% (Provisional). The inflation rates for rural and urban areas are reported at 5.95% and 4.83%, respectively. Consumer Food Price Index (CFPI) Inflation For November 2024, the year-on-year inflation rate based on the …
