Nomura: RBI will take more steps if rupee continues to fall: Nomura

[ad_1] reserve Bank of IndiaThe move is a bold statement on this Posture strategy, but one will have to wait and see if these measures really turn the tide in America’s favour, says nomura Economist. If measures fail to rein in RupeeThe central bank cannot hesitate to announce further measures to increase foreign currency Concerns remain regarding current account and balance of payments. The measures may be in addition to central bank intervention in the money markets. Sonal Verma, Chief India Economist, Nomura, told ET, “If the pressure on the…

RBI: RBI takes steps to attract dollar to check rupee’s fall

[ad_1] (This story originally appeared in . on July 07, 2022) MUMBAI: To offset multi-billion dollar outflows due to sell-offs and record trade losses by foreign portfolio investors (FPIs), reserve Bank of India Steps have been taken to boost credit flow. This step has been taken amidst the fall of the rupee to a record low. However, on Wednesday, the rupee closed with a gain of 7 paise at 79.30. as a temporary measure to attract CapitalRBI has allowed banks to give higher returns on foreign currency deposits, on which…

Zomato Share Price: Zomato, Star Health among BSE 500 stocks, fall up to 20% in volatile week

[ad_1] New Delhi: The last week of June turned out to be a mixed one for the domestic equity markets as the benchmark indices ended marginally higher. weak rupee, The number of FIIs, fear of recession and inflationary pressures continued to weigh on sentiments. However, strong auto sales numbers and good GST collection in June lifted the sentiments. Benchmark indices – BSE Sensex and Nifty 50 – gained less than half a per cent each, while midcap and smallcap indices gained up to a per cent each. Among sectoral gainers,…

Stock Market Portfolio: Fear of a fall in Nifty? Look beyond the 60/40 formula to protect a portfolio

[ad_1] with nifty With valuations now looking fair, down 15 per cent from their all-time high and many analysts say, investors are wondering whether they should increase their allocation to stocks and buy fear on Dalal Street. However, geopolitical tensions, fears of a global slowdown, hike in interest rates and rise in commodity prices could add to the pain for equity investors. So how should a risk-averse investor invest money at this stage? A survey of 11 brokerages by ETMarkets suggests that long-term investors can put up to 80 percent…

Earnings: Earnings fall faster with cost inflation, slack in demand

[ad_1] MUMBAI: Analysts are slashing corporate profit estimates as the impact of a sharp jump in raw material costs and Demand Who is expected to impact the slowdown in rural India? revenue in the next two quarters. downgrade Leading in earnings forecasts by analysts brokerage Have overtaken upgrades over the past four weeks. Of the companies in the Nifty 200 index, 30 have seen earnings decline in the past four weeks for FY23, while 19 have seen an upgrade. Those downgraded by analysts include Ramco Cement, , , , ,…

CRR: Banks don’t want liquidity to fall, urge RBI not to carry forward CRR

[ad_1] Indian lenders have requested Reserve Bank of India (RBI)reserve Bank of India) not to increase the cash reserve ratio further (CRR) in the next threshold Monetary policy To ensure uninterrupted credit growth amid a clear reduction in surplus liquidity since early May, two people aware of the representations told ET. The Indian Banks’ Association (IBA) requested the central bank on behalf of lenders last week after additional liquidity fell to around ₹3.5 lakh crore – nearly half the amount retained by the RBI through the pandemic. “Earlier, the surplus…

Crypto Crash Latest Updates (6/4): Top Cryptocurrency Prices Today – Solana, Cardano, Polkadot, Tron, Avax, Matic Fall

[ad_1] Crypto Crash Latest News Today (June 4): According to data from CoinMarketCap at the time of writing (8.27 am), the global crypto market cap fell by 3.61 percent over the previous day to $1.21 trillion. All the top coins, including bitcoin, have also declined in price over the past 24 hours. The price of bitcoin (BTC) is once again below the $30,000 level, down 3.23 percent over the past 24 hours. At the time of writing, bitcoin was priced at $29,557 on global exchanges. Experts say that the price…