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New Delhi: The overnight signs of a climbdown in Greenland-related tensions will provide relief to market sentiments and rupee volatility is likely to persist in the near term but depreciation is expected to be more gradual than the recent sharp moves, a report showed on Thursday. The rupee rebounded from its all-time low levels to…
Mumbai: The Reserve Bank of India (RBI) sold $3.66 billion in the spot foreign exchange market in June, according to the central bank’s monthly bulletin. The central bank reported purchasing $1.16 billion and selling $4.83 billion during June. Before this, the bank had bought $1.76 billion from the spot market in May. In June, the…
A monthly SIP of Rs 13,000 can help you create a retirement corpus of Rs 9 crore—no windfalls, no lottery tickets, just consistent investing and the magic of compounding. This strategy shows how small, regular investments can grow into massive wealth when given enough time and discipline. Can Rs 13,000 a Month Make You a…
Mumbai: India’s strong macroeconomic fundamentals — robust GDP growth, controlled inflation, managed twin deficits and record foreign reserves — have kept the rupee resilient despite foreign institutional investor (FII) outflows, a report showed on Wednesday. Most of the emerging markets have experienced FII outflows during October amid uncertainty around US election, geopolitical tensions in middle…