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The Opposition has launched a blistering attack against the government over the rupee falling to historic low
The Reserve Bank of India’s Monetary Policy Committee (MPC) will announce its interest rate decision on Friday, with the street sharply divided over the outcome. While industry hopes for a 25-basis-point cut amid benign inflation and a government focus on growth, others expect the central bank to stay cautious. The RBI had kept the repo rate unchanged at 5.5% during its previous meeting on October 1, marking a second consecutive pause after cutting rates by 100 basis points in the first half of 2025. However, the recent slide in the rupee may complicate the rate call. Catch this conversation between Moneycontrol’s Nandita Khemka and CNBC-TV18’s Latha Venkatesh for expert insights on what to expect from the MPC. #rbi #monetarypolicy #rbigovernor #rupees
The visit comes amid a fall in India’s Russian crude oil purchases and ongoing efforts to settle trade in local currencies, alongside talks on energy cooperation and boosting bilateral commerce.
High US benchmark yields, geopolitical tensions and tariff-related swings have eroded the appeal of foreign-currency debt for Indian corporates this year, causing the issuance to drop even as Indian companies boost spending and borrowing at home
PwC’s Ranen Banerjee says India’s evolving import mix limits pass-through even as the currency briefly breaches 90 per dollar
Sber's new tool will assist medium and large businesses in purchasing from both new and current Indian partners
On the sectoral front, IT, media, private bank, Telecom rose 0.2-0.6 percent, while PSU Bank shed 3%, and oil & gas, metal, power, PSU, capital goods, consumer durables down 0.5-1.5%.
A moderate level of rupee depreciation is typically factored into PE return models, but this year’s nearly 5% slide is much steeper and faster than expected.
Nageswaran said he is not 'losing sleep' over the weakening of the domestic currency as long as it is not hurting exports
The rupee crossed the 90-mark against the US dollar on persistent outflows and uncertainty around the India-US trade deal
Industry sources said that some of the luxury carmakers are contemplating a price hike in January.
The veteran banker blamed foreign institutions selling Indian equities and said for now they 'seem smarter' as local investors continue their buying spree
BSE Midcap index shed 1% and smallcap index declined 0.4%. On the sectoral front, IT, media, private bank, Telecom rose 0.2-0.6 percent, while PSU Bank shed 3%, and oil & gas, metal, power, PSU, capital goods, consumer durables down 0.5-1.5%. Max Healthcare, Shriram Finance, Bharat Electronics, Interglobe Aviation, Tata Consumer were among major losers on the Nifty, while gainers were Wipro, Hindalco Industries, TCS, Axis Bank and ICICI Bank.
Diverging rate expectations, rupee weakness and heavy bond supply push the spread back toward 250 basis points.
More than 240 stocks hit 52-week low, including Bajaj Housing, PCBL Chemicals, KNR Construction, Clean Science, Deepak Nitrite, Cohance Life, Bata India, Mahanagar Gas, CG Consumer, Chambal Fertilisers, SJVN, Colgate Palmolive, Page Industries, United Breweries, among others.
The 1-year dollar/rupee forward premium climbed 7 basis points on Tuesday, taking its three-session rise to more than 12 bps. Meanwhile, the 1-month premium hit 19.5 paisa, its highest level in nearly seven months.
All the sectoral indices ended in the red with metal, oil & gas, private Bank, consumer durables, media index down 0.5% each. BSE Midcap index ended marginally lower, while Smallcap index fell 0.6%. Interglobe Aviation, Reliance Industries, Bharat Electronics, HDFC Life, Axis Bank were among top losers on the Nifty, while gainers included Asian Paints, Bharti Airtel, Dr Reddy's Labs, SBI Life Insurance and Maruti Suzuki.
Among sectors auto, IT, PSU Bank, metal rose 0.3-0.5% each, while realty index was down 1% and consumer durables, pharma indices were down 0.5% each
India’s 8.2% year-on-year Q2 GDP reading sent equities to record highs and nudged bond yields higher on Monday, but did little to shift the currency
Interglobe Aviation, Bajaj Finance, Max Healthcare, Sun Pharma, Tata Consumer were among top losers on the Nifty, while gainers were Adani Ports, Kotak Mahindra Bank, Tata Motors PV, Kotak Mahindra Bank, Eicher Motors. BSE Midcap and smallcap indices ended flat. Among sectors auto, IT, PSU Bank, metal rose 0.3-0.5% each, while realty index down 1% and consumer durables, pharma indices down 0.5% each.
Commodities markets are preparing for a busy calendar of data releases and speech by Fed Chair Powell. Final PMI readings from major economies, US ADP employment data for November, September’s PCE inflation report, and the University of Michigan’s sentiment and inflation expectations surveys are all due this week.
Rupee weakness isn’t a concern for exporters, but October’s wider trade gap was driven by a spike in precious metals imports, said Commerce Secretary Rajesh Agrawal.
The benchmark indices extended the gains on third consecutive week and month, with BSE Sensex and Nifty rising 0.5 percent each in this week and adding 2% each in the month of November.
BSE Midcap and smallcap indices ended on a flat note. On the sectoral front, pharma, media, auto rose 0.5-1%, while power, oil & gas, telecom shed 0.5% each. Adani Enterprises, M&M, Adani Ports, Sun Pharma, SBI were among top gainers on the Nifty, while losers were SBI Life Insurance, Shriram Finance, HDFC Life, Power Grid Corp and Bharat Electronics.
This year, steep US tariffs are offsetting the benefit of an undervalued rupee
