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21.10.26 - 07:24
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Rupee gains 29 paise against dollar in early trade, but crude prices limit gains (Times of India)
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The rupee opened higher against the US dollar, appreciating by 29 paise to a solid 94.62, fueled by foreign investments linked to the Jio IPO and backing from the Reserve Bank of India. Nevertheless, persistent crude oil price surges presented ongoing challenges for the currency. The domestic equity landscape also showed positivity, with the BSE Sensex recording substantial gains, even as foreign institutional investors stayed in a selling position....
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19.10.26 - 17:30
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India shelves coal import plan as high global prices, weak rupee raise costs (Times of India)
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India has decided not to mandate coal imports for power plants due to high international prices and a weaker rupee. Coal stockpiles have reached critically low levels at many power stations, prompting concerns about electricity shortages in the country. Policymakers are focusing on boosting domestic coal production and improving transportation to mitigate the situation....
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19.10.26 - 07:42
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Rupee rises to 94.80 against US dollar, but crude oil threatens recovery (Times of India)
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Rupee opened the week strong, gaining 9 paise to reach 94.80 against the US dollar. This improvement marked the currency's third consecutive session of recovery, following a previous close of 94.89. However, high crude oil prices continue to pose significant risks to the rupee's gains, as oil is trading around $107.79 per barrel. Domestic equities, meanwhile, faced pressure with BSE Sensex dropping over 470 points....
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