MUMBAI: The rupee closed at 92.46 on Friday after touching a record low of 92.48, down 27 paise from the previous close of 92.19, as high crude prices and weekend demand for dollars weighed on sentiment. Market participants said currency losses were partly limited by likely central bank intervention.Energy prices remain elevated as the Gulf…
MUMBAI: India’s foreign exchange reserves fell to $716.8 billion in the week ended March 6 from $728.5 billion in the previous week, RBI data showed. The $11.7 billion decline in reserves last week came amid dollar sales of about $6.1 billion by the central bank to support the rupee against pressure stemming from the Iran…
NEW DELHI: Faced with supply constraints in industrial gases and disruption in global shipping routes triggered by the West Asia conflict, steel companies across the country are cutting production, senior company officials said.They said the steel sector is facing pressure on several fronts, including shortages of LPG and LNG, which has started to affect production…
NEW DELHI: DCM Shriram said it will receive $90 million from International Finance Corporation, the World Bank Group’s private sector arm, through sustainability-linked non-convertible debentures. Proceeds will fund expansion of its chemicals business. Source link
NEW DELHI: Sadanand Date assumed charge as executive director at Sebi on March 4 to head the investigations department. Date is a 2007-batch IPS officer. Prior to joining Sebi, he was on central deputation to CBI, where he served in several key roles, including SP in the anti-corruption branch. Source link
NEW DELHI: Fitch Ratings on Friday raised India’s GDP growth forecast for current fiscal and the next to 7.5% and 6.7%, and projected global crude oil price to average $70/barrel in 2026. Fitch had, in Dec, projected India’s GDP growth for current fiscal at 7.4%. Source link
BENGALURU: Britannia Industries said its manufacturing operations have not faced any significant disruption due to industrial gas supply concerns linked to the conflict in West Asia, issuing a clarification after market rumours triggered enquiries. The company said it has adequate levels of finished goods. Source link
NEW DELHI: Precious metal prices declined up to 4% on Friday, with silver tumbling to Rs 2.7 lakh per kg and gold sliding to Rs 1.6 lakh per 10 grams amid a strong US dollar and uncertainty over global monetary policy. According to the All India Sarafa Association, the white metal slumped by Rs 11,000,…
The US economy expanded at a markedly slower pace in the final quarter of 2025 than previously estimated, according to government data released on Friday, as consumer demand and public spending turned out weaker than earlier projected.The Commerce Department said gross domestic product (GDP) grew at an annual rate of 0.7 per cent in the…
Benchmark equity indices Sensex and Nifty ended sharply lower on Friday as escalating conflict in West Asia and rising crude oil prices weighed heavily on investor sentiment. Weak global cues, persistent foreign fund outflows and rupee weakness further added to the pressure on domestic markets.Declining for the third straight session, the 30-share BSE Sensex plunged…
