Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any specific price level or band for the rupee, and allows the currency to find its own “correct” value in the market, even as it hovers near the 90-per-dollar mark, PTI reported. “We don’t target any price levels or any bands….
Skip Bengaluru. Take a trip to Thailand instead. Or Vietnam. Or London. Or even Singapore. All at a much much much cheaper rate than Delhi to Bengaluru, Goa, Pune or Goa. But you cannot travel to Hyderabad, at least not on Friday, because the tickets are sold out. Ironically, IndiGo flight tickets are available.The situation…
Fixed deposit investors may soon face another round of interest rate cuts after the RBI announced reducing the repo rate for the fourth time this year. The central bank on Friday reduced the interest rate by 25 basis points to 5.25%, which is down 125 basis points from the 6.5% level at the start of…
InterGlobe Aviation, commonly known as IndiGo, has been struggling to keep up not just on the runway but also on the Dalal Street. As the chaos has stretched into its fourth day, deepening operational turmoil has also spilled into the stock market, with investor sentiment taking a visible hit as large-scale cancellations continue across the…
MUMBAI: In one of the most significant orders against a stock market influencer, Sebi on Thursday directed to impound Rs 546.2 crore from Avadhut Sathe Trading Academy and Avadhut Sathe together. Sebi also asked the entities to stop “offering unregistered investment advisory and research analyst services”. They have also been barred from the market till…
Online shopping platform Meesho’s initial public offering (IPO) has entered its third and the last day of bidding, with the issue oversubscribed 9.07 times so far. The issue continues to attract high interest from investors, with bids having been received for 221 crore shares against 27.79 crore shares on offer. The IPO has also drawn…
Inflation at a benign 2.2 per cent and growth at 8.0 per cent in H1:2025-26 present a rare goldilocks period, said RBI. RBI monetary policy: The Reserve Bank of India (RBI) decided to cut the repo rate by 25 basis points to 5.25% in the December meeting of the Monetary Policy Committee (MPC). While most…
Gold’s intraday structure remains weak with flattening EMAs, a neutral RSI, and a bearish MACD crossover. (AI image) Gold price prediction today: Gold prices are exhibiting weakness, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities. Here recommends a sell on rise strategy for investors:Gold futures on MCX traded near ₹1,30,000, showing…
Asian stocks traded mixed on Friday, following a muted pattern on Wall Street as the latest US economic data left investors with little clarity about Federal Reserve’s plans for interest rate cuts nex week.Hong Kong’s HSI was down 63 points or 0.24% reaching 25,872. Nikkei also trimmed its gains, falling 702 points to trade at…
The rupee extended its recovery on Friday, climbing 9 paise to 89.80 against the US dollar in early trade, ahead of the much awaited the Reserve Bank of India’s monetary policy announcement.The bounce back comes after a highly volatile week in the currency market, during which rupee repeatedly slipped to new lows.Earlier on Thursday, the…