Indian rupee slips 29 paise Vs dollar in early trade at 65.05

The Indian rupee declined in the early trade on Thursday. It has opened lower by 29 paise at 65.05 per dollar versus 64.76 Wednesday. Mohan Shenoi of Kotak Mahindra Bank said, “US FOMC minutes caused market volatility with US treasury yields touching a new high, US stock markets reversing early gains and dollar strengthening further.” “Recent negative developments in Indian […]

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Crude Oil prices to trade higher: Angel Commodities

Angel Commodities’ report on Crude Oil MCX CPO closed higher tracking firm soy oil and weak rupees. Moreover, improved demand from the traders, increase in base  import prices and firm  Malaysia  futures also support prices .The government  has  raised base import prices  for CPO by D6 per tn to D681 while  increase tariffs for RBD Palmolein by 35 to D […]

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Markets@Moneycontrol: Main indices erase gains in late trade, close negative for third session in a row

Benchmark indices wiped out gains in last hour of trade after further correction in rupee that fell a percent intraday against the US dollar. The 30-share BSE Sensex was down 71.07 points at 33,703.59 and the 50-share NSE Nifty declined 18 points to 10,360.40. The market breadth was weak as about 1,464 shares declined against 1,261 advancing shares on the […]

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Trade setup for Monday: Top 15 things you should know before Opening Bell

The Nifty 50 which started with a gap down opening on Friday morning recouped some of its losses and closed significantly higher, making a bullish candle on intraday charts. However, on weekly basis, it has formed a small bearish candle. The index closed below its crucial support placed around 10,500 but above its crucial 100-day exponential moving average (DEMA) placed at […]

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We could probably continue to trade weak in bonds for quite some time: Neeraj Gambhir

In an interview with CNBC-TV18, Neeraj Gambhir, MD and Head of Fixed Income at Nomura India gave his outlook on the road ahead for the bond market. We have had an uptick in the inflation, we have also had the crude oil prices jumping quite significantly, global interest rate cycle turning around, US Treasuries going up quite significantly, so these are […]

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USD-INR to trade between 63.40-63.70, Indian bonds trade weak: Mohan Shenoi

Mohan Shenoi of Kotak Mahindra Bank said, “The US dollar continues to weaken further with dollar index at 3-year lows. The key trigger for weakness is a statement from the US Treasury secretary that a weaker dollar helps US exports.” “Oil prices above USD 70/bbl is a concern but has not impacted Indian equity markets and rupee so far. We […]

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Rupee to trade around 63.75-63.90 per dollar, bond yields to remain within 7.45-7.49%: Bhaskar Panda

Bhaskar Panda of HDFC Bank says the dollar index has been hovering around 90 levels. He says, the dollar-rupee was buoyed by positive debt-related announcement from the government and expects the pair to trade in a range of Rs 63.75-63.90 per dollar today. He further said that bond yields have been volatile off late. He says, the 10-year benchmark yield […]

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