Why rupee opened weaker today against the dollar

Rupee opens weaker at 93.31 per dollar as RBI partly rolls back recent FX curbs, markets wary of renewed hedging and geopolitical risks around US Iran tensions.

Rupee opens weaker at 93.31 per dollar as RBI partly rolls back recent FX curbs, markets wary of renewed hedging and geopolitical risks around US Iran tensions.

Hasbro has indicated its intention to cease placing new orders. AEPPL is currently in discussions with Hasbro on the matter, while the financial impact is being assessed.

The collaboration is to ensure reliable commercial supply from Onesource’s USFDA approved flagship site in Bengaluru, the company said.

Matt Orton, Chief Market Strategist at Raymond James explains the global market rebound, highlights AI-driven earnings strength, outlines India’s outlook amid energy pressures, and makes a case for a commodity supercycle with 5% gold allocation.

India’s Mutual Funds do not have any shareholding in NELCO, while Schlumberger Ltd. owns a 3.8% stake. As many as 6.9 lakh small retail investors, or those with authorized share capital of up to ₹2 lakh, have a 33.1% stake…

During Tim Cook’s 15-year tenure, Apple’s market capitalization has seen a 20-fold jump, jumping from $376 billion at the end of 2011, to just over $4 trillion as of closing on Monday, April 20.

The Nifty Put-Call Ratio nearing elevated levels and the recovery in HDFC Bank and Reliance Industries getting sold into also contributed to the reversal from the highs. 24,250 – 24,150 is emerging as a support cluster for the index.

Japanese, South Korean and Australian gauges advanced during the open, resulting in the broader MSCI Asia Pacific Index increasing 0.3%.

Brent declined up to 1.1% to $94.44 a barrel after it gained 5.6% on Monday.

Laurence Balanco of CLSA has shared five midcap ideas: BSE, MCX, Apollo Tubes, Dixon Technologies and Aurobindo Pharma.