The rupee today dipped further and closed at a record low of 73.34 per dollar .
Indian Hotels Company Ltd.’s successful bid to operate the Taj Mansingh Hotel is expected to boost its earnings and profitability.
Only one in five stocks has returned gains this year, the lowest in seven years, as equity markets remain volatile.
Here are key takeaways from the Edelweiss’ Investor Meet 2018.
Rupee Trades Near Two-Week High Versus Dollar
Rupee slips 81 paise versus dollar in early trade at 72.67.
Out of the 19 analysts tracking HDFC Standard Life, five have a ‘Buy’ rating on it, while eight have a Hold and six a Sell.
The rupee depreciates 28 paise to hit a new record low of 72.27 against the U.S. dollar.
Morgan Stanley downgrades Zee on growing challenges in over-the-top space.
The Indian rupee hit a record low for the third straight session.
Pay more upfront for motor third-party insurance from Sept. 1.
The domestic unit’s previous all-time low was 70.3950 on Aug 16.
Analysts expect Equitas the benefit as erstwhile microlenders recover from a slowdown.
U.S. Dollar Index hovers around the 95-mark after Fed Chair Jerome Powell’s speech.
India’s forex reserves just above the $400-billion mark.
Rising global volatility and the domestic currency’s increasing sensitivity to it prompted Edelweiss to revise the forecast.
Private life insurers will continue grow on the back of new businesses, say JPMorgan and Citi.
The local currency fell 0.2 percent to 70.08 against the dollar at 10:35 am, following a 1.6 percent drop in previous session
The transaction is expected to be closed in the next 30 days and the merger process is expected to be completed over 9-12 months.
Rupee hits six-week high on RBI’s bullish growth outlook.
The rupee on track to weaken for the sixth straight month.