Indian rupee opens higher by 16 paise at 64.15 per dollar

The Indian rupee opened higher by 16 paise at 64.15 per dollar on Wednesday versus 64.31 Monday. Pramit Brahmbhatt of Veracity said, “We expect the rupee to trade sideways with a positive bias in absence of any directional cues.” “The trading range for the spot USD-INR pair is seen between 64-64.50,” he added. The US dollar continued to show weakness […]

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Ashok Leyland Q3FY18: Significantly higher than expected set of numbers; Outperformer |

Ashok Leyland (ALL) reported 60.5% yoy and 17.6% qoq growth in the topline. Volume growth was at 42% yoy and the realizations were up by 7% yoy. The company reported a slight 0.3% cut in market share as there was a supply chain constraint across the industry. Margins however, came in at 11.1%, 80 bps higher yoy, and 80 bps […]

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Soybean prices to trade sideways to higher: Angel Commodities

Angel Commodities’ report on Soybean NCDEX Soybean Nov futures fall more than 1.3% yesterday as  market participants liquidate their long  position on expectation of  higher arrivals of new season  crop. Moreover, higher stocks from last year weigh of prices. Weakness in spot prices weighs on futures too. During the first 20 days of Oct. soybean arrivals have been recorded at […]

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