Sensex, Nifty end 4-day losing streak, rupee gains

December 4, 2025 4:12 PM

Sensex, Nifty end 4-day losing streak, rupee gains

Snapping a four-day losing streak, Indian stock markets ended higher on Thursday, supported by buying in IT shares as the rupee traded positive against the US dollar. Gains, however, remained modest as investors stayed cautious ahead of the RBI Monetary Policy Committee’s decision scheduled for Friday. The Sensex closed at 85,265.32, up 158.5 points or 0.19 per cent. The Nifty also inched higher, finishing at 26,033, rising 47.75 points or 0.18 per cent. “Technically, the 26,100–26,150 ...

RBI unveils new measures to promote international use of the Rupee

October 1, 2025 1:45 PM

RBI unveils new measures to promote international use of the Rupee

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to facilitate wider use of the Indian Rupee (INR) and other local currencies in international trade transactions. RBI Governor Sanjay Malhotra said the government has been steadily working to internationalise the rupee, making it widely accepted for global trade, finance, and investment. “We have been making steady progress in this regard,” he added. As part of the initiative, Authorized Dealer banks in India and t...

Indian rupee strengthens against US dollar despite tariff concerns

August 11, 2025 12:15 PM

Indian rupee strengthens against US dollar despite tariff concerns

The Indian rupee opened stronger on Monday, amid additional 25 per cent tariff proposed by US President Donald Trump on India, which is set to take effect from August 27. The rupee likely inched up higher on optimism that the Russia-Ukraine war will end following the upcoming US-Russia negotiations on August 15, leading to removal of additional tariffs on India. The local currency opened 13 paise stronger at 87.53 against the US dollar up from 87.66 on Friday. The immediate trading range is ex...

Rupee strengthens, gold rallies amid global uncertainty

May 19, 2025 11:39 AM

Rupee strengthens, gold rallies amid global uncertainty

The Indian rupee opened 12 paise stronger at 85.44 against the US dollar on Monday, supported by favorable global cues and market optimism. The rupee had closed at 85.52 per dollar on Friday. At the same time, gold prices surged nearly 1 percent in the morning session on the domestic futures market, driven by a weakening US dollar and renewed concerns over the possible return of Donald Trump-era trade tariffs. On the Multi Commodity Exchange (MCX), the Gold June 5 contract was trading 0.95 per...

Sensex, Nifty end week in red as FII outflows continue; rupee hits record low

November 8, 2024 4:57 PM

Sensex, Nifty end week in red as FII outflows continue; rupee hits record low

Indian stock markets closed lower on Friday, capping a week marked by sustained selling from foreign institutional investors (FIIs). The BSE Sensex declined by 55.47 points (0.07%) to settle at 79,486.322, while the Nifty 50 declined 51.15 points (0.21%), closing at 24,148.20. Among the sectoral indices, Public Sector Undertaking (PSU) Banks, Media, Realty, and Oil & Gas emerged as the biggest losers, according to NSE data. FII outflows continued to impact the markets, as foreign investors...

India’s economic stride strengthening rupee’s internationalisation in new global landscape

September 16, 2024 4:03 PM

India’s economic stride strengthening rupee’s internationalisation in new global landscape

As the global economic landscape undergoes significant transformations, India's rupee is steadily gaining international prominence. This shift comes amid growing efforts to reduce the dominance of the US dollar in global finance, particularly among BRICS nations. The rise of the rupee on the international stage is evident in recent developments. Commerce Secretary Sunil Barthwal revealed on Wednesday that rupee-rouble trade has seen a substantial increase, with 53 accounts now open for such tra...