Rupee rises 23 paise to close at 87.36 against U.S. dollar
The Hindu
Rupee gains against US dollar on strong equities, GST reforms, and trade tariff uncertainty, while Brent crude prices rise.
Stock markets rebound with Sensex rising 448 points on fresh foreign inflows and positive global trends amid cooling U.S. inflation.
Rupee strengthens to 89.96 per US dollar amid corporate inflows and falling crude prices, signaling improved market sentiment.
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Shares of Dell Technologies down 3.2% and HP Inc losing 3.5% on Thursday, missing out on tech rally sparked by an outsized profit forecast from Micron Technology.
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India’s trade data for November reveals continued resilience in exports despite mounting U.S. tariffs on several key products. This is particularly significant given that the U.S. remains India’s largest export partner by a substantial margin. Interestingly, overall exports have not only grown, but shipments specifically to the U.S. have also rebounded.
Bharti Airtel Ltd. Chief Executive Officer-designate Shashwat Sharma, who is currently the firm’s chief operating officer, will take over the firm’s reins as CEO on January 1, 2026.
India's crude processing rose 2.3% YoY in November, with state-owned refiners handling two-thirds of the total.
The government is working to amend the Sugar Control Order and further align it with the requirements of the industry at present, Secretary (Food) at the Ministry of Consumer Affairs, Food and Public Distribution Sanjeev Chopra said Thursday.
Indian stock markets decline for the fourth day due to weak global trends and uncertainty over a U.S. trade deal.
The rupee gained 12 paise to 90.26 against the dollar, supported by crude prices and RBI intervention.
India and Oman sign a free trade agreement, enhancing trade access and reducing tariffs on numerous goods and services.