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MARKET INTERVENTION
Rupee volatility in focus as Sitharaman signals more RBI action, weighs LTCG tax debateFinance Minister Nirmala Sitharaman said the RBI may take further measures to curb rupee volatility, clarifying that its aim is to stabilis...
Global Market: Hong Kong dollar nears weak side of trading band, raising prospect of HKMA interventionThe Hong Kong dollar neared the weak end of its trading band against the US dollar, raising the possibility of Hong Kong Monetary Authority...
SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflowsAccording to SBI Research, removing the long-term capital gains tax on equities could revitalize investment levels. The report emphasizes e...
SC asks govt to broaden inflated pricing review beyond oncologyThe Supreme Court has asked the government to address high markups on medicines and medical devices. The court questioned the decision to l...
Rupee rebounds nearly 1% after RBI moves to curb speculative tradesThe rupee rebounded nearly 1% to 95.77 per dollar on Monday after the RBI announced measures to curb speculative currency trades. A special...
RBI measures, intervention spark rupee's sharpest rally in six monthsOn Monday, the Indian rupee gained about 1% after the Reserve Bank of India announced measures to curb dollar demand. Oil companies' dollar...
Supreme Court questions govt over drug pricing, asks why cap limited to anti-cancer medicinesThe Supreme Court expressed its worry over the government's restriction of price control measures to only anti-cancer drugs, questioning wh...
Rupee stages stunning ₹1 comeback against dollar: What’s the RBI’s 4-step shock therapy and how long can it last?The Indian rupee gained against the US dollar after the Reserve Bank of India announced several intervention measures. These actions aimed ...
RBI measures may boost local bond demand amid rupee pressureIndian companies may re-enter the bond market given recent central bank measures aimed at stabilizing the rupee. High overseas yields and i...
RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressureThe Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as th...
Cancer drugs may get up to 70% cheaper as govt fixes trade margins on non-scheduled medicines at 30%The government is aiming to cap trade margins on anti-cancer medications at 30%. An expert committee has been tasked with compiling a repor...
RBI intervention halts rupee's slide to record low, risks lingerThe Indian rupee struggles amid climbing oil prices and a weakening of Asian currencies. Despite the Reserve Bank of India's intervention, ...
CleverTap launches new CleverAI to drive growthThe company says most personalization tools work off a customer's past behaviour, which is often outdated by the time a brand acts on it. C...
Rupee rises 10 paise to 96.65 against US dollar in early tradeOn Thursday, the rupee saw a slight uptick, gaining 10 paise to settle at 96.65 against the US dollar. This increase emerged amidst tough e...
RBI likely intervened near open to support rupee, traders sayIn a decisive action on Thursday, the Reserve Bank of India reportedly offloaded dollars at the market's start to enhance the rupee's stand...
Rupee loses 13 paise to close at 96.42 per US dollarThe rupee weakened 13 paise to close at 96.42 against the dollar, its weakest level in over two months, pressured by persistent foreign inv...
Rupee slips to over 2-month low on portfolio outflows, RBI likely steps inThe Indian rupee faced a setback on Tuesday, falling to its weakest position in more than two months. Continuous foreign divestment in loca...
Global Market | Central banks face tougher crisis-management role as public debt rises: BIS chiefBIS chief Pablo Hernández de Cos warned that future financial crises could be harder to manage amid soaring public debt, fiscal deficits an...
Rupee ends flat, anchored by RBI intervention in face of global strainsThe Indian rupee ended little changed on Monday, bolstered by central bank interventions during ongoing pressures. A firmer dollar was obse...
Global Market: Bank of Korea steps up won support with $9.6 billion saleSouth Korea’s central bank sold a net $9.612 billion in foreign currency during the second quarter to support the weakening won, marking it...