ANIL BHANSALI
Rupee falls 9 paise to 83.27 against US dollar in early trade
The rupee declined to 83.27 against the US dollar on Wednesday, driven by negative equities trend and elevated crude oil prices, with interventions from RBI and anticipation of Lok Sabha election results.
Rupee posts biggest single-day gain in nearly 1-1/2 mths on dollar inflows
The U.S. dollar index, which measures the currency against six developed-market counterparts, was down 0.25% at 103.06, below Friday's 10-week high of 103.68.Another trader said the market has resigned to the fact that the central bank was unlikely to let the rupee fall towards its record low of 83.29 and thus the local unit is seen hovering around the 83-level in the near term
Rupee rises 14 paise to 81.67 against US dollar in early trade
"The US Fed is expected to raise rates by 25 bps tomorrow but their language/ tone will be important in gauging the direction currencies could take," Bhansali said.
Rupee falls 7 paise to 82.08 against US dollar
The Indian rupee fell by 7 paise to 82.08 against the US dollar due to the strength of the dollar and increased demand from importers. However, sustained foreign fund inflows helped to contain the fall. The domestic unit opened at 82.05, dropped to 82.08, and settled at 82.01.
Rupee rises 33 paise to 81.77 against US dollar in early trade
The Indian rupee strengthened against the US dollar, reaching 81.77 in early trading, supported by foreign fund inflows and a bullish domestic stock market. The rupee is trading positively due to significant foreign investments and positive economic indicators. Experts predict that the rupee will trade between 81.90 and 82.20 throughout the day. Foreign Portfolio Investors have invested INR 47,148 crore ($6.3 billion) in Indian equities in June, the highest inflow in 10 months. Additionally, GST collections in June exceeded INR 1.60 lakh crore ($21.3 billion).
USD-INR likely to be range bound amid US debt ceiling crisis, says Anil Kumar Bhansali of Finrex Treasury Advisors
The oil companies are buying dollars keeping rupee in the range of 81.90 - 82.40. They were absent from the scene earlier, refusing to buy dollars at 81.60. The Reserve Bank of India (RBI) had to intervene to protect the level of 81.60.
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Due to thrust on exports, Rupee may not gain much against dollar: Anil Kumar Bhansali, Finrex Treasury Advisors
During FY23, the Indian rupee depreciated against all major currencies except the yen, with losses of about 8.42% against the dollar, 2.14% against the pound, and 6.21% against the euro. However, the INR remains fairly stable against emerging markets and Asian currencies. Bhasnsali believes that the current USD-INR level is ideal for exporters and importers, with limited upside at 83 and a range-bound currency attracting foreign investment in the short to medium-term.
Rupee's threat to slip below 83/USD likely nipped by RBI
The dollar index will be eyeing the slew of key U.S. economic data as it seeks to recover from the near 8% decline in the last quarter. U.S. ISM manufacturing and services data is due later this week, alongside the monthly jobs report.The dollar's jump came despite the relatively upbeat risk appetite and the fall in Treasury yields. European shares climbed 1.5% and U.S. equity futures were up about 1%.
Rupee down for second straight week, forward premiums jump
The local currency this week was bogged down by hawkish rate hikes from the U.S. Federal Reserve and the European Central Bank. Both raised rates by 50 basis points (bps), along expected lines, but the accompanying statement and comments were seen hawkish relative to expectations.
Rupee gains 67 paise to 82.14 against US dollar
The rise in oil prices from USD 90 per barrel to USD 94 per barrel would cap the rise in the rupee as oil is a major import for the country. Oil companies and importers will use this opportunity to buy dollars at a cheaper rate, Bhansali said.
Rupee rises 9 paise to 79.81 against US dollar in early trade
The rupee appreciated 9 paise to 79.81 against the US dollar in early trade on Monday, supported by the fall in crude oil prices.
Stocks in the news: HDFC Bank, Voda Idea, JSPL, Federal Bank, LLTS and Vedanta
Bank of Maharashtra, Alok Industries, Heidelberg Cement, Ganesh Housing, Bhansali Engineering and Nelco are among the company that will announce their quarterly earning for the quarter ended June 2022.
RBI said to have bought $2 bn from market to keep rupee competitive
A weaker rupee aids local exporters as they receive more rupees per unit of global dollar payments. New Delhi is pushing for home-grown manufacturing to boost export earnings, and the purchases would help stem the potential rise in the local currency.
Sushant S Rajput death: Mumbai Police to question Bhansali, Kangana, Shekhar Kapur
Over the past fortnight, the cops have recorded the statements of many of the late actor’s close friends and colleagues.
From ED investigation to CBI probe, a look at the chronology of Sushant Singh Rajput death case
Here is everything that has happened in the matter so far.
Cloud is a $3–4 bn opportunity in India & Covid is going to expand it more: Karan Bajwa, head of Google Cloud India
A key part of Google’s plan to expand its India footprint is through its cloud services. Sundar Pichai, the CEO of Google also mentioned it as one of the target areas for investments in India.
Sushant Singh Rajput's death: Maharashtra Home Minister Anil Deshmukh says there's no need for CBI probe
Mumbai Police is examining the angle of 'business rivalry' in the case.
Google Cloud appoints Microsoft veteran Anil Bhansali as VP - Engineering
“We are very excited that Anil Bhansali has joined Google Cloud to help grow and scale our software development support efforts in India so we can continue expanding and advancing Google Cloud services that are used by customers in more than 150 countries worldwide,” said Amit Zavery, vice president-engineering at Google.
Happy birthday, Sonam Kapoor: Actress, fashionista, entrepreneur & so much more
This star juggles all her hats with so much grace.
Haryana govt bans release of "Padmaavat"
State govt arrived at the decision during a cabinet meeting, keeping in mind the sentiments of those who felt the movie distorted history.
Haryana government to approach Censor Board to seek ban on 'Padmavati'
Sanjay Leela Bhansali, had allegedly wrongly presented the historical facts in the movie to "defame" the image of 'Rani Padmavati' which had hurt the sentiments of lakhs of people.
Rakesh Jhunjhunwala among marquee investors who bid for Reliance Nippon Life IPO
The combined bids from the marquee investors are believed to be around Rs 550 crore.
Microsoft keeps India on the highest cloud
Skype Lite, a lighter version of the video and voice calling software, has been especially designed for use in India's patchy telecom networks.
IIFA 2016: 'Bajrangi Bhaijaan', 'Bajirao Mastani' bag top honours
'Bajirao Mastani' was the biggest-grossing Bollywood film of 2015, earning around 6.26 billion rupees.
Microsoft, Icrisat team up with Andhra Pradesh government on sowing app for farmers
Icrisat said the pioneering digital tools with personalised village advisory dashboard were developed to enable AP officials to better manage programs of scale.
Microsoft to help Andhra Pradesh get low-cost Internet
Microsoft India chairman Bhaskar Pramanik said the technology known as TV White Space helps address last-mile connectivity challenges.
Shahid Kapoor & Mira Rajput's star-studded reception
A dapper looking Shahid Kapoor arrived for the reception hand-in-hand with his wife, Mira Rajput Kapoor. Bollywood's A-listers were also in attendance.
How Microsoft MD Anil Bhansali lost his office
Phani Chiruvolu outbid his colleagues for a day in the top boss's cabin.
2015: Bollywood gears up for major releases
From Big B's 'Shamitabh', Ranbir Kapoor's 'Bombay Velvet' to Salman Khan's 'Bajrangi Bhaijan' & SRK's 'Fan', the upcoming year will see some major releases at the box-office.
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