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Wall Street traded mixed on Wednesday as another stronger-than-expected inflation report weighed on investor sentiment while a rebound in technology stocks helped limit losses, AP reported.The S&P 500 slipped 0.1 per cent in early trade, remaining close to the record high touched earlier this week. The Dow Jones Industrial Average fell 235 points, or 0.5…
Wall Street traded mostly in green on Friday, lifted by strong results from Intel and growing hopes of possible talks between the United States and Iran over the weekend. Around 8:35 pm IST, Nasdaq was up 1% or 248 points to 24,686. S&P 500 was up 29 points or 0.41% to trade at 7,137. Dow…
MUMBAI: RBI on Monday partially unwound emergency curbs on rupee derivatives, signalling a shift from firefighting to restoring normal market function after a spell of currency volatility.The central bank withdrew its April 1 directive, which had barred banks from offering non-deliverable forwards (NDFs)—offshore rupee derivatives settled in foreign currency—and prevented users from rebooking cancelled forward…
US stocks today: Wall Street fell in red on Monday, as uncertainty over the Middle East conflict intensified after Iran’s closure of the Strait of Hormuz after a brief reopening. Dow Jones dipped 10 points to 49,437 while Nasdaq tumbled 100 before recovering to 54 points or 0.2% to 24,413. S&P 500 was also down,…
A senior Reserve Bank of India official criticised foreign-exchange market makers for their role in aggravating the rupee’s weakness during the ongoing West Asia tensions, as the regulator keeps up its tough messaging stance in its defense of the currency. Addressing an annual foreign exchange dealers’ conference in Paris at the weekend, deputy governor T…
Mirabai Chanu (Pic credit: KITG 2026) RAIPUR: Mirabai Chanu famously celebrated her Olympic silver in Tokyo with a pizza.These days, however, she needs to stay as far from it as possible as she prepares for the Asian Games to be held later this year. Not just pizza, but Manipuri local cuisine is also off her…
NEW DELHI: O Panneerselvam made a striking political statement on Friday by replacing a photograph of his late mentor J Jayalalithaa with one of Chief Minister M K Stalin in his car, moments before formally joining the DMK in Chennai.The carefully timed gesture, carried out as he arrived at Anna Arivalayam, the DMK headquarters, underscored…
MUMBAI: Increased opportunities to hedge foreign exchange risk and longer trading hours are at the heart of a proposed overhaul by RBI to liberalise access to currency markets.The draft framework broadens the different types of derivatives that banks (authorised dealers) may offer to individuals and firms, extending hedging tools for currency and interest-rate exposures. Trades…
MUMBAI: Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator’s investigations in this matter is continuing, a Reuters story said.The Sebi notice said…
The rupee recovered 15 paise on Thursday, strengthening to 91.50 against the US dollar in early trade, rebounding from its all-time low levels touched in the previous session. The recovery was supported by improved risk appetite after US President Donald Trump said he had no intention of imposing tariffs on Europe over Greenland, easing geopolitical…
