The US dollar regained appetite tracking a rally in US treasury yields after upbeat US monthly employment details released on Friday led investors to price out the possibility of another oversized interest rate cut by the Federal Reserve in its next meet. The benchmark US treasury yields are at 3.9% while dollar index climbed above 102 mark for the first time in one and a half months. Data on Friday showed that nonfarm payrolls rose by 254,000 in September, surpassing expectations of 140,000, while the unemployment rate fell to 4.1% from 4.2%. Moreover, safe haven demand amid escalating political tensions in the Middle East is also keeping the greenback supported. The dollar index that measures the greenback against a basket of currencies was quoting at 102.30, up marginally on the day. Among its basket currencies, both EURUSD and GBPUSD are staying subdued at $1.10 and $1.31 respectively.
Posts in category Business Standard
Paytm plummets 5% after CTO’s resignation; Deependra Singh to take over (07-10-2024)
Shares of One 97 Communications, parent of fintech major Paytm dropped as much as 4.69 per cent a piece on the NSE in Monday’s intraday trade
Indices trade sideways; PSU bank shares slide (07-10-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex added 40.97 points or 0.05% to 81,729.42. The Nifty 50 index lost 24.70 points or 0.10% to 24,989.90.
Lupin share down 3% as USFDA issues 5 observations for Biotech unit in Pune (07-10-2024)
Lupin share price slipped in trade after the company announced that United States Food and Drug Administration (USFDA) has issued five observations for its Pune-based Biotech facility.
Garuda Construction IPO: 23% GMP, Rs 1,400-cr order book; should you bid? (07-10-2024)
The public issue comprises a fresh issue of 18,300,000 shares and an offer for sale of 9,500,000 shares with a face value of Rs 5 each
Bank of India records 12% YoY growth in domestic deposits in Q2 (07-10-2024)
Bank of India informed that its domestic deposits increased 12.34% to Rs 6,72,731 crore as on September 2024 compared with Rs 5,98,850 crore posted in September 2023.
AU Small Finance climbs 3% after releasing Q2 update; check out details (07-10-2024)
AU Small Finance’s total deposit for the quarter ended September 30 is likely to grow 12.7 per cent to Rs 1,09,690 crore
Metropolis’ revenue climbs 13% YoY in Q2 (07-10-2024)
The healthcare service provider said that its revenue jumped around 13% year on year (YoY) in the quarter ended 30 September 2024.
Why did Titan shares tumble 3% despite stellar Q2 business report? (07-10-2024)
Titan share price dropped despite the company reporting robust business performance for the September quarter (Q2FY25).
Will markets crash if BJP loses Haryana, J&K, Maharashtra, Delhi state polls? (07-10-2024)
The outcome of the state polls, especially in Haryana and Maharashtra, analysts believe, are also important from ‘farm politics’ viewpoint, and how the government deal with the farmer’s demands