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BOFA GLOBAL RESEARCH
Rupee slips as sentiment drags on RBI curtailing FX inflow windowThe Indian rupee slipped against the US dollar on Monday as the central bank's surprise move to shorten its forex swap timeframe rattled th...- Bank of America's $1.9 billion Jio bet shows global banks want a slice of India's retail lending marketBank of America is set to invest a substantial $1.9 billion into Jio Financial's Jio Credit, marking a significant show of confidence in In...
- Rupee nudges up on RBI intervention; investors eye inflation dataThe Indian rupee finished the day marginally higher, propelled by ongoing tensions in the Middle East. Continuous interventions from the ce...
- SK Hynix rises 5% as brokerages launch coverage with bullish ratingsSK Hynix shares jumped five percent as brokerages began coverage with positive assessments, spurred by the company's strong position within...
- Competing cues, caution ahead of RBI policy decision keep rupee nearly flatThe rupee remained stable as traders awaited the Reserve Bank of India's policy announcement. Foreign bank dollar sales and importer hedgin...
- US Stock Market: JP Morgan brings forward Fed rate hike call to December after July policy meetingJ.P. Morgan has brought forward its forecast for the next US Federal Reserve rate hike to December 2026 after the Fed held interest rates s...
- US Stock Market: Wall Street divided on Fed as rising crude prices boost rate hike expectationsThe US Federal Reserve's policy meeting has become harder to predict as surging oil prices and renewed geopolitical tensions raise the risk...
- Rupee ends nearly flat as central bank intervention blunts oil strainOn Thursday, the Indian rupee hovered close to a two-month low, influenced by potential intervention from the central bank to counteract ri...
- SBI Funds Management IPO ends with nearly 42 times subscription as QIBs drive demand on Day 3; GMP hints at 16% premiumSBI Funds Management IPO is experiencing robust investor demand on its final bidding day. The grey market premium indicates a potential lis...
- Wall Street banks see AI 'super cycle' set to boost deals, financingInvestment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 bil...
- SK Hynix shares jump in marquee US debut as AI euphoria persistsSK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip ...
- SK Hynix shares jump 14% in debut on US stock market riding on AI waveSK Hynix shares surged 14% in their Nasdaq debut after a $26.5 billion offering, highlighting strong investor demand for AI-linked chip sto...
- SK Hynix set for marquee US debut in test for AI appetiteSK Hynix's U.S. debut tests investor belief in the AI boom's durability. The South Korean chipmaker's offering is the second-largest share ...
- Kalyan Jewellers stock to double from here? Why analysts are bullishKalyan Jewellers reported strong first-quarter revenue growth despite market headwinds. The company's international business and digital pl...
- RBI faces $100 billion challenge after record currency defenseRBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward positio...
- Asian airlines' Europe windfall fades as Gulf rivals reboundAsian airlines that benefited from higher fares and passenger numbers on European routes due to the Iran conflict are now facing declining ...
- Dollar firms on hawkish Fed bets, oil rebound; yen near 40-year lowThe US dollar strengthened Tuesday, driven by expectations of a more aggressive Federal Reserve and a rebound in oil prices. Elevated US Tr...
- Vodafone Idea raises Rs 1,182 crore from promoter Aditya Birla GroupVodafone Idea secured Rs 1,182 crore from promoter Aditya Birla Group via warrants, a crucial step towards its Rs 1 lakh crore cash generat...
- RBI approves appointment of Vikram Sahu as CEO of Bank of America, India operations, says internal memo.Sahu will replace Kaku Nakhate who served the bank as CEO for about 15 years. Vikram will report to Jin Su, president of Asia Pacific.
- Investors dump bonds and gold, pile into equities: BofABofA's weekly flows report showed investors put $31.5 billion into equities, while taking $1.8 billion out of gold and $15.4 billion out of...
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