Tushar Goenka

Articles By Tushar Goenka

31 Articles

Rupee to Dollar breaches 74 for the first time. Has the market overreacted to no rate hike from RBI?

The currency markets had been hoping the RBI would defend the currency with an interest rate hike.

Rupee hits a new low of 73.58/dollar

The rupee on Thursday breached new lows hitting 73.8175 against the greenback in intra-day trade before recovering to close at 73.5838.

rupee, rupee value, intra-day trade, US dollar, oil marketing companies, market news

Rupee crashes below 73, yields soar, Sensex tanks – Importers rush to cover

The currency markets were spooked by rising crude oil prices, hovering around $85 per barrel that could exacerbate the twin deficits problem.

Rupee, Rupee crashes, Sensex, Sensex falls, US dollar, crude oil, crude oil prices, indian stock market

Rupee hits record low, closes at 73.34

The rupee on Wednesday crashed to new lows hitting 73.4163 against the greenback in intra-day trade before staging a mild recovery to close at 73.34.

Rupee, Rupee value, US dollar, united states, market, money, dollex

Rupee recovers to end at 72.91 as oil spurts to near 4-year high

In the offshore markets, the three-month non-deliverable forwards (NDF) was around 73.58/$ on Friday but fell to about 73.96/$ by the time Indian markets closed on Monday.

Black September: After selling debt worth $1 b, foreign investors have now dumped $1.3 b of stocks

India’s stock markets have been weak for several months now with 70% of the stocks with a market capitalisation of `Rs 1,000 cr and more in the red since January.

stock market, stocks, bse, nse

NDF cools by 19 paise to 73.82 from 3-year lows

Worsening sentiment attributed to external triggers like rising oil prices, imminent Fed tightening and trade war concerns.

rupee, ndf

Bond sales by FPIs cross $1-bn mark in September

Apprehensive the rupee could weaken further as crude oil prices soar, foreign portfolio investors (FPIs) have dumped Indian bonds worth $1.14 billion in September so far (data till September 19).

FPIs sell bonds worth $1 bn so far in September on weak rupee

Since January, the rupee has lost 12% and closed at 72.3825 to the dollar on Wednesday. Noticeably, the US dollar Index — Dollex — has weakened by nearly 1% since the beginning of September.

Rupee rebounds from new intra-day low, ends 51p up

The rupee on Wednesday rebounded from a new intra-day low of 72.91 before ending the session at 72.1850 against the dollar, up 51 paise over Tuesday's close.

Rupee, RBI, dollar, basis points, current account deficit, reserve bank of india, money news

Rupee ends at new low, loses 3.56% in past 10 sessions

The rupee on Tuesday crashed to newer lows, hitting 72.7388 against the dollar in intra-day trade before recovering to close at 72.6950.

rupee, intra-day trade, non-deliverable forwards, Foreign portfolio investors, NDF rates, markets, money

Rupee at new closing low of 72.44; loses 12% since Jan

The rupee on Monday crashed to new lows, hitting 72.67 against the dollar in intra-day trade before staging a mild recovery to close at 72.44.

Reserve Bank of India, US Fed, NDF, AMFI, NRI bond issue

Rupee breaches 72-mark for first time, loses nearly 3% in 8 sessions

The rupee continued to slide for the eighth consecutive session on Thursday and fell to yet another record low of 72.11 against the dollar in intra-day trade before ending the session at a fresh closing low of 71.9875.

rupee, dollar, currency, forex market, crude, US fed, global tension, रुपया, डॉलर

Currency woes: Rupee at new low, yields trend higher

Rupee edges closer to the 72 mark vs the dollar, ends session at fresh closing low of 71.75.

rupee, currency, economy, dollar

Bond yield soars past 8% mark on rate hike fears

The yield had last crossed 8% in intra-day trades on May 8, 2015 when it touched 8.006%; on Tuesday it saw an intra-day high of 8.068%.

Slide show: Rupee plunge continues; closes at fresh low of 70.99

Some of the weakness was attributed to dollar purchases by importers and equity hedgers through state-run banks.

Downward spiral: Rupee drifts to new record low

Having lost nearly 10% since January, it is the third-worst performing EM currency

We believe the odds for further hike in repo rate in October review are rising, says CIO (Fixed Income) of Edelweiss Asset Management

The trajectory of the Indian government bond yields will likely depend on US treasury yields, the rupee’s exchange rate, movement in the crude oil prices and likely slippage in fiscal deficit in FY19.

Rupee slips to record closing low of 70.59

The rupee slipped to a record low of 70.64 against the dollar on Wednesday in intra-currency trades and staged only a limited recovery to end the session at 70.59. The Indian currency has now lost nearly 10% since January mak

Trend reversal: FPIs turn sellers in bond market

In a slight trend reversal, foreign portfolio investors have turned sellers in the debt market, offloading bonds worth nearly $400 million in the five sessions to August 20.

equity, equity market, stocks, stock market

Corporate bond redemptions surpass issuances in June quarter

Thanks to a mismatch in the expectations of buyers and sellers and also a slight shortage in liquidity, redemptions of corporate bonds have surpassed issuances in the three months to June.

Third in a row: SBI posts Rs 4,875.8 crore loss in 1st quarter

Puts it down to higher provisions for mark-to-market losses on bonds, lower trading income, pay revisions

SBI,   SBI qi result, Rajnish Kumar, Reserve Bank of India, NPA, CASA, sbi deposits

Cheaper borrowing: Corporate bond yields at 2-year high

Corporate bond yields are at a two-year high, according to data compiled by CARE Ratings, which has pointed out that the weighted average yield across all maturities and tenors has risen by 70 basis points (bps) to 9.1% in th

Bond Marke, fpi interest, FPI interest in Indian bond

Corporate bond issues drop as investors eye higher yield

If corporate bond issuances are fewer these days, fund managers and treasurers attribute it to a mismatch in yield expectations.

corporate bond, higher yield, Aditya Birla Sun Life, fund managers, treasurers, market

Bond markets expect RBI to hit pause button but adopt hawkish tone today

The bond markets are expecting the Reserve Bank of India (RBI) to pause on Wednesday when the central bank reviews monetary policy but expects it to adopt a fairly hawkish tone.

Investors should have 50% of allocation to debt funds, says CEO of Aditya Birla Sun Life AMC

One should expect another 50-basis-point rate hike in the current financial year, says A Balasubramanian, CEO at Aditya Birla Sun Life AMC Limited.

The rupee is in a very sweet spot

The single biggest problem in the Indian economy is that there is still a reluctance and unwillingness of the private sector to invest. It is a complex situation, and we do not know when it will get resolved, says Hitendra Da

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