The Indian rupee settled flat at 84.07 (provisional) against the US dollar on Tuesday, as the support from positive domestic markets and a softening crude oil prices was negated by persistent foreign fund outflows. Indian shares recovered from an early slide to end modestly higher on Tuesday. The benchmark S&P/BSE Sensex rose 363.99 points, or 0.45 percent, at 80,369.03, extending gains for a second straight session. The broader NSE Nifty index closed up 127.70 points, or 0.2 percent, at 24,466.85. However, the rupee is hovering around record low levels as the strong dollar weighed on the local unit, while positive domestic equities, weak crude oil prices supported the local currency at lower levels. At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. It traded in a tight range and ended the day at 84.07 (provisional), unchanged from its previous close.
Downside in INR limited by recovery in local equities (29-10-2024)
The Indian rupee settled flat at 84.07 (provisional) against the US dollar on Tuesday, as the support from positive domestic markets and a softening crude oil prices was negated by persistent foreign fund outflows. Indian shares recovered from an early slide to end modestly higher on Tuesday. The benchmark S&P/BSE Sensex rose 363.99 points, or 0.45 percent, at 80,369.03, extending gains for a second straight session. The broader NSE Nifty index closed up 127.70 points, or 0.2 percent, at 24,466.85. However, the rupee is hovering around record low levels as the strong dollar weighed on the local unit, while positive domestic equities, weak crude oil prices supported the local currency at lower levels. At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. It traded in a tight range and ended the day at 84.07 (provisional), unchanged from its previous close.
RBI’s domestically-held gold reserves jump 510.46 MT by end-September (29-10-2024)
As of end-September, the Reserve Bank of India (RBI) held 854.73 metric tonnes of gold, compared to 822.10 metric tonnes at the end of March
RBI’s domestically-held gold reserves jump 510.46 MT by end-September (29-10-2024)
As of end-September, the Reserve Bank of India (RBI) held 854.73 metric tonnes of gold, compared to 822.10 metric tonnes at the end of March
Engineers India consolidated net profit declines 21.83% in the September 2024 quarter (29-10-2024)
Sales decline 12.77% to Rs 688.94 crore
Housing & Urban Development Corporation consolidated net profit rises 52.47% in the September 2024 quarter (29-10-2024)
Sales rise 35.01% to Rs 2517.72 crore
LKP Securities consolidated net profit rises 498.67% in the September 2024 quarter (29-10-2024)
Sales rise 56.59% to Rs 33.98 crore
Rashi Peripherals consolidated net profit rises 166.59% in the September 2024 quarter (29-10-2024)
Sales rise 22.61% to Rs 3706.17 crore
Creative Newtech consolidated net profit rises 26.39% in the September 2024 quarter (29-10-2024)
Sales decline 4.28% to Rs 411.42 crore
Atlas Cycles (Haryana) reports standalone net profit of Rs 8.72 crore in the September 2024 quarter (29-10-2024)
Sales rise 126.99% to Rs 3.70 crore