Rupee Archives - Pinfaves

Sensex soars 385 points at close as rupee recovers, financials lead gains

June 30, 2018 Loknath Das385, As, at, close, financials, Gains, Lead, Points, recovers, Rupee, Sensex, soars

Indian shares bounced back on Friday after two straight days of losses, starting July derivatives series on a strong footing led by energy and financial stocks as the rupee recovered from an all-time low and Asian peers staged a pullback. The rupee, which breached the 69 per dollar mark for the first time on Thursday, recovered tracking a rebound in Asian shares and currencies. The BSE Sensex surged 385.84 points to close at 35,423.48, whereas the broader NSE Nifty zoomed 125.20 points to 10,714.30 at close. Market sentiment across the globe was…

Strong Rupee May Help Ease India Outbound Investment Rules

May 4, 2017 Loknath DasEase, Help, India, investment, May, Outbound, Rules, Rupee, Strong

A surging rupee, rising currency reserves and a comfortable current-account gap could see India’s central bank consider relaxing rules on outward investments, paving the way for domestic companies to step up their shopping abroad, especially in Latin America and Africa. An uptick in overseas acquisitions would help keep a lid on the rupee, which is among the top performers this year. While the strengthening currency is helping the central bank keep inflation in check, additional gains are threatening to snuff out a nascent recovery in exports. Analysts like Santosh Pai, a…