Indian Rupee Plunges to Record Low Against U.S. Dollar Amid Global Pressures

Indian Rupee Plunges to Record Low Against U.S. Dollar Amid Global Pressures

The Indian rupee hit a record low against the U.S. dollar on Monday, driven by persistent demand for the dollar and continued outflows from Indian equities. The rupee dropped to an all-time low of 84.0725 against the U.S. dollar, surpassing the previous low of 84.07 recorded last Friday. This downward trend is attributed to foreign […]

Sensex, Nifty tank lower, midcaps see sharper decline

Sensex, Nifty tank lower, midcaps see sharper decline

The Nifty hit a new low, marking its lowest point in over a month, as it closed down by 1.08 percent or 238.3 points at 21,817.5 on Tuesday. Trading volumes in the NSE cash market were modest at Rs. 0.83 lakh crore. Despite the negative advance-decline ratio at 0.36:1, the midcap index experienced a sharper […]

India Business Confidence on Decline in Last 3 Months

Indian business sentiment fell for the first time in three months in March 2016 as companies faced lower demand amid rising input prices on the back of the weak rupee, though political atmosphere remained stable after the release of JNU student leaders. The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed […]