Rupee closes weaker at 95.22 as traders await US Fed decision, oil prices rise
The Indian rupee closed at 95.22, reflecting a minor drop attributed to ongoing market pressures. With traders exercising caution ahead of the critical decision from the US Federal Reserve, the prevailing demand for dollars and high oil prices are weighing on the currency’s stability. Throughout the trading session, the rupee oscillated between 95.25 and 95.00, […]
RBI accepts 20 bps higher treasury bill cutoff yields than last auction
The Reserve Bank of India has increased the cut-off yields for treasury bills after canceling a prior auction. Yields of the 91-day, 182-day, and 364-day bills experienced a significant rise. While system liquidity has dropped compared to last month, it still remains in a positive state. Traders are bracing for additional hikes as they face […]
Sensex, Nifty fall as IT stocks slide, rising oil prices weigh
Indian equity markets took a hit on Wednesday, primarily due to declines in the IT sector and escalating crude oil prices. Both the Sensex and Nifty closed lower, showcasing investors’ cautious mood amidst significant intraday drops. Key downturns were influenced by Reliance Industries along with various IT stocks, but the auto sector and select banking […]