Asian markets saw a mixed trading day as investors awaited the Federal Reserve’s interest rate decision. Despite signs of a cooling US labor market, uncertainty lingers over the Fed’s future moves. Markets are largely anticipating a rate cut, but any deviation could trigger significant reactions. Meanwhile, a Chinese AI chipmaker’s debut on the Shanghai market…
The rupee recovered 9 paise to 89.80 against the US dollar in early trade on Friday, ahead of the RBI’s monetary policy announcement. This bounce back follows a volatile week where the rupee hit new lows, influenced by foreign investor selling and rising crude oil prices. Market participants await the RBI governor’s views for near-term…
Market regulator Sebi has cracked down on Avadhut Sathe Trading Academy and Avadhut Sathe, impounding Rs 546.2 crore. The entities are accused of providing unregistered investment advisory and research analyst services under the guise of education, misleading nearly 3.4 lakh investors with false claims of high returns. They are now barred from the market pending…
The Indian rupee has breached Rs 90 against the US dollar for the first time, driven by weak capital flows, importer demand, and trade deal uncertainty. This decline has impacted equity markets, prompting foreign investor selling despite strong domestic fundamentals. Analysts warn of further depreciation if the rupee sustains above this psychological barrier.
US authorities have temporarily eased sanctions on Lukoil-branded fuel stations outside Russia, allowing them to operate until April 2026. This move impacts stations in the US and elsewhere, while India faces a significant drop in Russian crude imports due to sanctions on Lukoil and Rosneft, impacting major refiners.
