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China ended November with a historic milestone, recording an annual trade surplus of more than $1 trillion for the first time. Official figures released on Monday show that booming exports to markets outside the United States more than compensated for shrinking US demand.The breakthrough came only weeks after Presidents Xi Jinping and Donald Trump negotiated…
MUMBAI: The rupee closed at 89.98 a day after breaching the 90 mark against the greenback. Dollar sales by foreign banks and likely inflows halted a six-session decline in the domestic currency.The rupee hit 90.42 intraday before closing higher. Wider trade deficits, weak investment flows and stalled US trade talks have slowed inflows and pushed…
India’s central bank will allow the rupee to weaken as the country’s external position comes under strain from slowing dollar inflows, widening trade pressures and heavy foreign selling in domestic markets, according to sources cited by news agency Reuters. The Reserve Bank of India (RBI), which had been actively supporting the currency until last month…
Veteran banker Uday Kotak on Wednesday said the rupee’s fall past the 90-per-dollar mark reflects persistent selling by foreign portfolio investors (FPIs) and private equity funds routing money through the FDI channel, even as domestic investors continue to buy into the market, ET reported. His comments came as the currency extended its eight-month decline against…
Ravi Shastri and Gautam Gambhir NEW DELHi: Former head coach Ravi Shastri has delivered one of his most pointed critiques yet of India’s dramatic fall in Test cricket, declaring that both players and the team management must take responsibility for the decline. The former India head coach, who oversaw the team’s successful run alongside Virat…
If India’s currency could speak, 2025 would probably be the year it asked for a vacation. A dollar that once cost less than four rupees at independence now buys more than 89, and is flirting with the dreaded 90 mark.“When the rupee slides it does affect the broader economy,” said Economist Arun Kumar, retired professor…
The Indian rupee, which has been under persistent pressure through 2025, is unlikely to witness any sharp fall in the immediate term as its recent weakness has already played out, Union Bank of India said in a recent assessment. The bank noted that the currency has already slipped about 4 per cent this year and…
India Test cricket. Image: File If the famous heist at the Gabba in Jan 2021 had been definitive indication of India’s strong player pool, the meek defeats at home over the last year to New Zealand and South Africa have been the exact opposite — an indication that the feeder line for unearthing new players…
US consumer confidence weakened in November, falling to its second-lowest reading since April as Americans grew more wary of elevated prices, sluggish job gains and the fallout of the prolonged government shutdown, according to an AP report.The Conference Board said on Tuesday that its consumer confidence index dropped to 88.7 in November, down from an…
Indian investors saw their portfolios shrink in the July-September quarter. A market downturn impacted most major investors, leading to substantial mark-to-market losses. Nemish Shah emerged as a notable gainer, increasing his portfolio value significantly. Other investors like Vijay Kedia and Madhusudan Kela reported modest gains. The late Rakesh Jhunjhunwala’s family holdings also saw a decline….
