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Rupee falls 2 paise to close at 85.25 against U.S. dollar

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Rupee falls 2 paise to close at 85.25 against U.S. dollar


Image used for representational purpose.
| Photo Credit: Reuters

The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.25 (provisional) against the U.S. dollar on Tuesday (April 29, 2025), on recovery in the U.S. dollar and geopolitical tensions between India and Pakistan.

However, positive domestic markets and a decline in crude oil prices cushioned the downside for the domestic unit.

Also read | Rupee rises 27 paise to 84.96 against U.S. dollar in early trade

At the interbank foreign exchange, the domestic unit opened at 85.06 and moved between the intra-day high of 84.96 and the low of 85.40 against the greenback. The unit ended the session at 85.25 (provisional), registering a fall of 2 paise over its previous closing level.

On Monday, the rupee appreciated 18 paise to close at 85.23 against the U.S. dollar.

“We expect the rupee to remain under pressure amid uncertainty over trade tariffs and the ongoing geopolitical tensions between India and Pakistan,” said Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan.

Meanwhile, nearly 50 public parks and gardens located in vulnerable areas of Kashmir Valley have been shut as a precautionary measure in the wake of the Pahalgam terror attack, officials said on Tuesday.

Gates have been closed at 48 of the 87 public parks and gardens in Kashmir in view of the threat perception to tourists, they said.

They said the security review was an ongoing process and more locations may be added to the list in the coming days.

Besides, the Union Cabinet will be meeting on Wednesday for the first time since the April 22 terror attack in Pahalgam that left 26 people dead.

Mr. Choudhary noted that positive tone in the domestic markets and foreign fund inflows may support the rupee at lower levels and traders may take cues from job openings and labour turnover survey (JOLTS) and CB consumer confidence data from the U.S.

Also read: ‘India would be one of first trade deals we sign’: U.S. Treasury Secretary

“USD-INR spot price is expected to trade in a range of 84.90 to 85.60,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.16% at 99.17.

Brent crude, the global oil benchmark, fell 1.64% to $64.78 per barrel in futures trade.

In the domestic equity market, the 30-share BSE Sensex advanced 70.01 points or 0.09% to close at 80,288.38, while the Nifty rose 7.45 points or 0.03% to settle at 24,335.95.

Foreign institutional investors (FIIs) bought equities worth ₹ 2,474.10 crore on a net basis on Monday, according to exchange data.

On the domestic macroeconomic front, India’s industrial production growth remained almost flat at 3% in March sequentially, though, on a year-on-year basis, it slipped from 5.5%, mainly due to poor performance of the manufacturing, mining, and power sectors.

Meanwhile, U.S. Treasury Secretary Scott Bessent has said that India is likely to be among the first countries to finalise a bilateral trade agreement with the U.S. to avert reciprocal tariffs by President Donald Trump.

Mr. Bessent made these remarks on Monday during an interview with CNBC’s Squawk Box’ to discuss the latest developments on President Trump’s trade negotiations with other countries.



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Bajaj Finance Q4 net profit rises 17% to ₹4,480 crore, board approves 4:1 bonus issue, ₹56 dividend

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Amrita Centre for Oncogenetics opened in Kozhikode


Bajaj Finance Ltd for the fourth quarter ended March 31, 2025 reported 17% rise in consolidated net profit attributed to the owners of the company at ₹4,480 crore compared with ₹3,825 crore a year ago.

Net Interest Income (NII) during the quarter grew 22% Year on Year (YoY) to ₹9,807 crore, 

For FY25 the company’s consolidated net profit grew 15% to ₹16,638 crore from ₹14,451 crore in the previous year.

For the financial year the company’s NII grew 23% YoY to ₹36,393 crore.

For the quarter the company’s loan losses and provisions grew 78% YoY to ₹2,329 crore and annual loan losses and provisions were to the tune of ₹7,966 crore, up 72% YoY.   

The board of directors have declared dividend of ₹56 per share [special interim dividend of ₹12 and final dividend of ₹44 per share] for FY25. 

The board also considered and recommended sub-division of 1 (one) equity share of face value of ₹2 each fully paid-up into 2 (two) equity shares of face value of ₹1 each fully paid-up; and issue of bonus equity shares in the ratio of 4:1 i.e., 4 (Four) bonus equity shares for every 1 (one) equity share held. 

The board has recommended increasing the authorised share capital of the company from ₹150 crore to ₹1,000 crore subject to approval of shareholders.



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US stocks open mixed, weighed down by Trump’s tariff uncertainity – Times of India

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US stocks open mixed, weighed down by Trump’s tariff uncertainity – Times of India


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US stocks are witnessing mixed investor sentiments on Tuesday, with the Dow Jones Industrial Average inching up by 66.28 points, or 0.16%, to 40,293.87. In contrast, the Nasdaq Composite slipped 90.44 points, or 0.52%, to 17,275.69, while the S&P 500 fell 18.94 points, or 0.34%, to 5,509.81, at 9.35 am EDT.
Wall Street wavered as rising corporate profits were offset by ongoing uncertainty surrounding President Trump’s trade war. UPS, the world’s largest package delivery firm, swaying between gains and losses after posting stronger-than-expected earnings for the first quarter of 2025. As a global shipper, UPS is often seen as a predicter for the health of the world economy.
Investor worries continue as fears grow that US President Trump’s tariffs, if not changed, could push the economy toward a recession by slowing global trade and raising prices on many products. His unpredictable handling of tariffs has added to the uncertainty, making it hard for businesses and consumers to plan for the future.
The latest change may affect the US auto industry. On Tuesday, White House press secretary Karoline Leavitt said Trump will sign an executive order to ease some of his 25% auto tariffs to support domestic carmakers.
Despite posting better-than-expected earnings, General Motors shares fell 1.9%. The automaker postponed its investor call on 2025 guidance to Thursday, citing “recent reports regarding updates to trade policy.”
On a brighter note, Royal Caribbean gained 1.1% after delivering stronger quarterly earnings and raising its full-year outlook, helped in part by expectations of lower fuel costs. Oil prices have been volatile recently due to uncertainty over global energy demand amid the trade tensions. CEO Jason Liberty summed up the cautious sentiment across sectors, saying, “As we navigate the complexities of the current macroeconomic landscape, we remain focused on what we can control.
Markets have found some relief from recent volatility, which had been fuelled by shifting expectations over President Donald Trump’s stance on the trade war. On Monday, The Wall Street Journal reported that Trump was preparing to revise his proposed 25% tariffs on imported cars and auto parts, following widespread speculation on the matter.
The Wall Street Journal reported Monday that Trump was preparing, following widespread speculation over the issue, to adjust his 25% tariffs on imports of autos and auto parts.
World shares edged mostly higher on Tuesday, following a quiet and mixed finish for US markets at the start of a week packed with corporate earnings and economic updates. Germany’s DAX rose 0.7% to 22,421.79, while France’s CAC 40 held steady at 7,571.68. The UK’s FTSE 100 was also largely unchanged at 8,416.80. Futures for both the S&P 500 and Dow Jones Industrial Average were up 0.3%.
In Asia, Hong Kong’s Hang Seng picked up 0.2% to 22,008.11, while the Shanghai Composite index edged 0.1% lower, to 3,286.55. In South Korea, the Kospi jumped 0.7% to 2,565.42. Australia’s S&P/ASX 200 rose 0.9%, to 8,070.60.
Taiwan’s Taiex gained 1%, while the Sensex in India gained 0.3%.





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Markets end marginally higher; Sensex climbs 70 points on foreign fund inflows

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Markets end marginally higher; Sensex climbs 70 points on foreign fund inflows


Image for representational purposes only.
| Photo Credit: PTI

Equity benchmark indices Sensex and Nifty settled marginally higher in a volatile trade on Tuesday (April 29, 2025) as investors turned cautious amid concerns over geopolitical tensions.

However, intense buying in blue-chips Reliance Industries, Infosys and Tata Consultancy Services and unabated foreign capital inflows supported the domestic market.

The 30-share BSE benchmark gauge climbed 70.01 points or 0.09% to settle at 80,288.38. During the day, it jumped 442.94 points or 0.55% to 80,661.31.

The NSE Nifty ended marginally up by 7.45 points or 0.03% to 24,335.95.

From the Sensex firms, Reliance Industries, Tech Mahindra, Eternal, HCL Tech, Infosys, IndusInd Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers.

In contrast, UltraTech Cement, Sun Pharma, Power Grid, NTPC, Kotak Mahindra Bank and Mahindra & Mahindra were among the laggards.

Foreign Institutional Investors (FIIs) bought equities worth ₹2,474.10 crore on Monday (April 28, 2025), according to exchange data.

“The market exhibited largely range-bound oscillation, as caution prevailed amid geopolitical concerns over border tensions. The sustained inflows from FIIs provided support to market sentiment and restricted further pessimism. Meanwhile, mixed Q4 results have raised the risk of downward revisions to FY26 projections,” Vinod Nair, Head of Research, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi index and Hong Kong’s Hang Seng settled in the positive territory, while Shanghai SSE Composite ended marginally lower.

European markets were trading mostly in the green. U.S. markets ended mostly higher on Monday.

India’s industrial production growth remained almost flat at 3% in March sequentially, though, on a year-on-year basis, it slipped from 5.5%, mainly due to poor performance of the manufacturing, mining, and power sectors.

Global oil benchmark Brent crude declined 1.59% to $64.81 a barrel.

The BSE benchmark index Sensex jumped 1,005.84 points or 1.27% to settle at 80,218.37 on Monday. The Nifty rallied 289.15 points or 1.20% to 24,328.50.



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