The dollar fell across the board on Tuesday, sinking to four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week.
Gold price surged Rs 1,800 to touch a fresh peak of Rs 1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve.
The Indian rupee rose for the third straight session, closing at 88.05 per dollar, supported by a weaker dollar, stronger equities, and optimism ahead of the US Fed policy outcome.
LIC has raised its stake in Tech Mahindra to 10.84% despite a 10% YTD stock decline, signaling confidence in the IT majors long-term growth potential amid weak global tech spending.
Canara Robeco Flexi Cap Fund completed 22 years, turning a Rs 10,000 monthly SIP of Rs 26.4 lakh into Rs 1.79 crore, delivering 15.04% XIRR with consistent long-term wealth creation.
Transneft, Russia's oil pipeline monopoly, has warned producers about potential output cuts due to Ukrainian drone attacks on key export ports and refineries. These attacks have significantly impacted Russia's refining capacity and export capabilities, leading to storage restrictions and concerns about meeting production quotas.
Markets regulator Sebi on Tuesday extended the deadline for the settlement scheme to October 16 for all stock brokers associated with certain algo platforms.
