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Rupee eyes breathing room as dollar rally stalls, importers may cap gains The Indian rupee is likely to open steady on Tuesday and may look to make mild gains through the session as the dollar's post-U.S. election surge shows signs of cooling after touching a one-year high last week. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.39 to the U.S. dollar, little changed from its close of 84.3850 in the previous session. The local currency had declined to its record low of 84.4125 last week. The dollar index was at 106.2...
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Source: Reuters
2024-11-19 09:06:17 am
Global alliance of banks supports fossil fuel treaty at COP29 As the UN climate conference (COP29) is underway in Baku in Azerbaijan, the Global Alliance for Banking on Values (GABV) on Thursday announced that 25 of its member banks have endorsed the Fossil Fuel Non-Proliferation Treaty initiative, marking the first collective endorsement of the initiative by financial institutions.  The treaty is a proposal for a global binding plan to end the expansion of new coal, oil and gas projects, and manage a global transition away from fossil fuels. ...
Global alliance of banks supports fossil fuel treaty at COP29
Global alliance of banks supports fossil fuel treaty at COP29
Source: IANS
2024-11-14 02:16:42 pm
Banks entering period of low revenue growth for 2HFY24 Banks are entering a period of low revenue growth for 2HFY24 as the cost of funds is yet to peak for all players, Kotak Institutional Equities said in a report. Diversifying books may sustain high loan growth for non-banks, even as asset quality in select pockets may be under watch. Broadly, keep a negative outlook on NIM but a positive outlook on credit costs as it is likely to be below long-term averages, the report said. Healthy earnings print but slowing momentum marked the performa...
Banks entering period of low revenue growth for 2HFY24
Banks entering period of low revenue growth for 2HFY24
Source: IANS
2023-11-15 12:37:13 pm