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The rupee depreciated 4 paisa, to close at 84.11/$1, versus its previous close of 84.07 per dollar, LSEG data showed. Likely interventions by the Reserve Bank of India (RBI) helped prevent a sharper decline. However, the RBI was not very aggressive in its dollar sales on Monday, traders said.
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News and Media
On the eve of the US presidential election, Donald Trump and Kamala Harris are in a tight race. Polls show a close contest, particularly in key swing states. Trump's stance on immigration, foreign policy, and the economy resonates with some voters, while early voting trends suggest a potential Republican advantage.
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News and Media
The regulator has proposed changes to how the Recovery Expense Fund is used, which supports debenture recovery processes and suggested to standardize the format of Debenture Trust Deeds to streamline documentation.
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News and Media
Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock's negative listing. Afcons Infrastructure's muted debut was due to negative market sentiments and lower-than-expected subscription, primarily caused by the parent's higher OFS and challenging phase.
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News and Media
The Reserve Bank of India reported that almost all Rs 2000 banknotes have been returned. The bank withdrew the notes from circulation on May 19, 2023. The total value of these notes was Rs 3.56 lakh crore. The RBI said that 98.04 percent of the notes are back in the banking system.
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News and Media
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