Rupee edges higher against dollar, but oil volatility limits gains

Rupee opens slightly stronger at 92.83 per dollar after RBI support, but upside seen limited amid volatile oil, fragile West Asia ceasefire and cautious capital flows.

Rupee opens slightly stronger at 92.83 per dollar after RBI support, but upside seen limited amid volatile oil, fragile West Asia ceasefire and cautious capital flows.

Shares of Groww are trading 1.8% higher ahead of the results announcement at ₹201.93. The stock has doubled from its issue price of ₹100, having made a new post listing high of ₹214.35 last week.

Gold and silver prices fall as a stronger US dollar and renewed West Asia tensions test safe haven demand ahead of key economic data and policy signals.

High gold prices muted Akshaya Tritiya jewellery volumes but lifted sales value, buyers shifted to coins and lightweight pieces, silver demand rose, and imports were eased by new bank rules.

The management of ICICI Bank affirmed no concerns in its loan portfolio, particularly in business banking, due to the ongoing supply chain disruptions from the West Asia conflict, which JPMorgan believes is “comforting.”

It must be noted that the end of the shareholder lock-in does not mean all the shares will be sold in the open market. They only become eligible to be traded. Here’s a look at the three companies in greater…

The board of Trent is scheduled to meet on April 22 to evaluate the proposal, according to an exchange filing. If approved, this would mark the company’s first-ever bonus issue, as per BSE data.

Stock Market Live Updates: For the Nifty bulls, 24,000 now becomes the key on the downside, while last week’s high of 24,400 is key on the upside. For the Nifty Bank, the 56,000 mark lower down is crucial, followed by…

US equity-index futures declined, oil prices jumped and the dollar strengthened on the back of renewed caution post a weekend escalation in US-Iran tensions and the ongoing standoff at the Strait of Hormuz.

Oil prices had tanked on Friday after Iran announced that the Strait of Hormuz will be open for commercial traffic throughout the duration of the ceasefire with the US, only to announce its closure 24 hours later, citing a US…