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The rupee strengthened to 87.47 against the US dollar, boosted by a weaker greenback and positive domestic equity market sentiment. Easing crude oil prices and cooling inflation further supported the rupee. However, trade tariff uncertainties and foreign fund outflows limited gains. The Sensex and Nifty both saw significant gains, while foreign investors sold shares worth Rs 3,644.43 crore.
The US national debt has surpassed $37 trillion, exceeding pre-pandemic forecasts due to Covid-19 spending and recent tax cuts. Experts warn that this rapid debt accumulation will lead to higher interest rates, reduced private sector in ...more
State Bank of India will levy nominal charges on IMPS fund transfers exceeding Rs 25,000 via online channels, effective August 15. These charges range from Rs 2 to Rs 10 based on the transaction amount, with GST applicable. Salary packa ...more
Morgan Stanley reports India is poised to become the world's most attractive consumer market, fueled by a major energy transition and increased manufacturing contribution to GDP. Fiscal consolidation, rising exports, and lower oil inten ...more
The RBI now permits individuals to invest in Treasury bills via SIPs on its retail direct platform, aiming to increase retail participation in the bond market. While one-year bank FDs offer higher returns, T-bills outperform in shorter ...more
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