Sensex Today | Stock Market LIVE Updates: On the sectoral front, except PSU Bank, all other indices are trading in the green with Realty up 2 percent. BSE midcap and smallcap indices are trading in the green.
The rupee was little changed at the opening time on Friday amid expectations that the country s central bank will intervene, which countered weak risk appetite, a stronger US dollar and rising oil prices.
In the last two quarters of this financial year, the rupee-dollar exchange rate stabilised at around Rs 83.0 per dollar it has happened mainly due to narrowing down of deficit on current account resulting from significant increase in exports of goods and services and trend towards de dollarisation
Indranil Sengupta discusses the impact of a strengthening dollar on the rupee, emphasizing the importance of building forex reserves. He forecasts rate cuts, strong growth, and a rally in bond yields by mid-2025. He also says that "inflation is yesterday s story. We are moving from El Nino to La Nina. So, food inflation will come down."
Sensex Today | Stock Market LIVE Updates: US stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years.