crude oil prices
| March 31, 2024, 9:15 a.m.
RBI's Monetary Policy Decision and Global Trends to Influence Investor Sentiment
The upcoming Reserve Bank of India's (RBI) interest rate decision, along with macroeconomic data and global trends, will shape investor sentiment in the week ahead. Markets are hopeful of continuing the positive momentum after a strong finish to FY24. Factors such as the RBI's Monetary Policy Committee meeting, auto sales data, rupee-dollar trends, crude oil prices, and foreign investment activity will be closely monitored. Additionally, US economic data and Federal Reserve Chairman Jerome Powell's speech will impact market sentiment. Despite anticipated volatility, market outlook remains positive, driven by domestic and global economic indicators.
Read More.| March 19, 2024, 5:20 a.m.
Rupee Declines 5 Paise to 82.95 Against US Dollar Amid Firm Crude Oil Prices and Foreign Fund Outflows
The Indian rupee depreciated by 5 paise against the US dollar, reaching 82.95, attributed to firm crude oil prices and foreign fund outflows. Opening at 82.94, the rupee experienced a tight range of 82.93 to 82.95 in early trading. Factors including a stronger US dollar, firm bond yields ahead of the US Fed interest rate decision, and Brent crude trading above $86 per barrel contributed to the rupee's decline. Additionally, losses in local stocks and foreign institutional investors offloading equities worth ₹2,051.09 crore added pressure on the rupee.
Read More.| March 4, 2024, 12:52 p.m.
Indian Rupee Edges Higher Against US Dollar Amid Positive Equity Sentiment
The Indian rupee gained 2 paise against the US dollar, settling at 82.89 (provisional) on Monday, buoyed by a weaker dollar and positive sentiment in the domestic equity markets. However, concerns over volatile crude oil prices and foreign fund outflows limited the currency's gains.
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Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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