News Update & Market Takeaways 24th Jan 2020

  Oil falls 2% as specter of China virus threatens fuel demand Oil prices fell 2 per cent on Thursday on concern that the spread of a virus from China could lower fuel demand if it stunts economic growth, but losses were limited by a drawdown in U.S. crude inventories. Brent crude futures fell $1.17, or 1.9%, to settle at $62.04 a…

News Update & Market Takeaways 23rd Jan 2020

  Rupee slips 3 paise against dollar in early trade The rupee depreciated by 3 paise to 71.22 against the US dollar in early trade on Thursday amid rising demand for the greenback vis-a-vis other currencies overseas, even as crude oil prices eased. A positive opening in the domestic equity market supported the rupee and restricted the fall, they added. At the…

News Update & Market Takeaways 22nd Jan 2020

Rupee gains 3 paise against $ in early trade The rupee appreciated by 3 paise to 71.18 against the US dollar in early trade on Wednesday, as easing crude oil prices and gains in the domestic equity market lifted investor sentiments. A strong US dollar against major global currencies capped the gains of the domestic unit, dealers said. Brent crude futures, the…

News Update & Market Takeaways 21st Jan 2020

  RBI pre-empts RTI by releasing minutes of October board meet The Reserve Bank of India on Monday disclosed the minutes of its central board meeting on 11 October to the public, as part of its intent to lift the veil of secrecy shrouding its operations. The minutes of the 579th meeting, released as part of RBI’s transparency initiative, show the central…

News Update & Market Takeaways 20th January 2020

  Oil jumps after unrest hits key OPEC producers Libya and Iraq Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya. In Libya, National Oil Corp. declared force majeure after Commander Khalifa Haftar blocked exports at ports under his control. Futures in New York and London rose more…

News Update & Market Takeaways 17th Jan 2020

Rupee opens lower, hits 71 per US dollar in early trade The Indian rupee opened on a cautious note and fell 7 paise to 71.00 against the US dollar in early trade on Friday, tracking a weak opening in domestic equities and foreign fund outflows. Forex traders said the rupee pared its early gains despite the US-China signing phase-1 of the trade…

News Upadte & Market Takeaways 16th January 2020

Oil prices jump as China agrees to more US energy purchases Oil prices rose on Thursday, propelled higher by the long-anticipated signing of an initial trade deal between Washington and Beijing that sets the stage for a potentially huge increase in energy supplies from the United States to China. Brent was 33 cents, or 0.5%, higher at $64.33 a barrel by 0118…

News Update & Market Takeaways 15th January 2020

Stocks slip ahead of U.S.-China trade deal signing Stocks slipped in Asian trade on Wednesday as investors awaited the signing of an initial U.S.-China trade deal, with sentiment somewhat dented by comments from the U.S. Treasury Secretary that tariffs would remain in place for now. Wall Street stocks dipped on Tuesday, reversing earlier intraday record highs, after media reported the United States…