Latest news with #IndianRupee
Time of India
5 hours ago
- Time of India
Apple iPhone 17 series launch timeline leaked: Here are the expected specifications, price, and more
Apple iPhone 17 series: The iPhone 17 series launch timeline has just been tipped to take place in early September 2025, sparking excitement across Apple's global fanbase. Industry insider Mark Gurman and other leaks point to a September 9–10 event, with potential pre-orders from September 12 and shipping around the 19th—continuing Apple's tradition for unveiling its flagship iPhones. The lineup is expected to include the base iPhone 17, a sleek iPhone 17 Air, along with the premium 17 Pro and Pro Max. Rumours suggest all models will feature 120 Hz ProMotion displays, while the Pro variants may boast the powerful A19 Chip, 12 GB RAM, and even vapor‑chamber cooling for enhanced performance. With a mix of design changes, smarter internals, and revamped cameras, the iPhone 17 series could set a new benchmark in Apple innovation. Stick around to discover how these upgrades could redefine what we expect from a flagship phone. Apple iPhone 17 series launch timeline (Leaked) In his weekly newsletter, Mark Gurman of Bloomberg recently revealed that Apple is likely to host the launch event the week of September 8. Apple typically announces new products on Tuesdays rather than Fridays. Gurman thinks the incident will probably happen on Tuesday, September 9, or Wednesday, September 10. However, Monday, September 8, is still a possibility. Out of respect, Apple usually doesn't schedule activities on September 11. What to expect from the iPhone 17 Series Processor and performance upgrade Improved performance is promised by the A19 CPUs that will be utilized in the iPhone 17 variants and the A19 Pro processors in the Pro versions, both of which are based on TSMC's third-generation 3nm technology. To improve multitasking efficiency, the RAM will be expanded to 8GB for base models and 12GB for Pro variants. Display Size Additionally, the iPhone 17's 6.3-inch display will be marginally bigger than the iPhone 16's 6.1-inch display. A 6.7-inch screen is rumoured for the iPhone 17 Air, a 6.3-inch screen for the iPhone 17 Pro, and a 6.9-inch screen for the iPhone 17 Pro Max. Camera Camera improvements differ depending on the model. Three cameras are included with the iPhone 17: a 48MP wide camera, a 12MP ultra-wide camera, and a 24MP front camera. The smaller iPhone 17 Air may only have a single 48MP rear and a 24MP front camera due to space constraints. Memory Apple's Pro models will allow greater background app retention and speedier performance thanks to their 12GB of RAM. For improved everyday multitasking and user experience, iPhone 17 models will come standard with 8GB of RAM. Apple iPhone 17 series expected price iPhone 17: The base model is expected to start around $899 (77,325.64 Indian Rupee), similar to the iPhone 16. iPhone 17 Air: Rumors suggest a price of around $899 (77,325.64 Indian Rupee), potentially matching the current iPhone 16 Plus. iPhone 17 Pro: Prices could start at $999 or higher (85,926.94 Indian Rupee), with potential increases due to factors like tariffs and hardware upgrades. iPhone 17 Pro Max: The Pro Max model is likely the most expensive, potentially exceeding the iPhone 16 Pro Max's $1,199 (1,03,129.53 Indian Rupee) price tag.
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Business Standard
6 hours ago
- Business
- Business Standard
Rupee weakens near 86/$, tracking Asian peers after soft US inflation data
Indian Rupee traded lower on Wednesday after the dollar edged higher as traders cut their rate cut bets by the US Federal Reserve after the inflation print. The domestic currency opened 16 paise lower at 85.98 against the dollar on Wednesday, according to Bloomberg. The rupee has depreciated by 0.60 per cent against the greenback in the current financial year, and has witnessed 0.48 per cent depreciation in the current calendar year. The rupee's weakness followed fading hopes of a US Fed, as reports indicated that companies are passing tariff-related costs on to consumers. Core inflation, which excludes the volatile food and energy components, rose by just 0.2 per cent in June from May, marking the fifth straight month of softer-than-expected underlying price increases. On the tariffs front, Trump sealed a deal with Indonesia, imposing a 19 per cent tariff on its goods, and said that a pact with India will work along that same line. He also said that tariffs on pharmaceuticals could be imposed as early as the end of the month. The dollar index, a measure of the greenback against a basket of six major currencies, pared gains and was down 0.06 per cent at 98.55. The currency closed higher on Tuesday but weakened in early trade on Wednesday, tracking a stronger dollar index and broad losses in Asian currencies, according to Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP. "The Reserve Bank of India (RBI) is expected to defend the 86.00 level. India's trade deficit narrowed more than expected, signalling a slowdown in economic activity, Bhansali said. Merchandise exports in June were recorded at $35.14 billion, nearly flat from $35.16 billion in the same month last year. On the import side, the country saw a 3.71 per cent year-on-year decline, totalling $53.92 billion. Exporters can continue selling around the 86.00 mark, while importers may choose to wait for intra-day dips to hedge, especially with flows from SBI's QIP expected in two to three tranches, according to Bhansali. In commodities, crude oil prices rose slightly on expectations of a steady demand from the US and China, amidst an improving economic outlook. Brent crude price was up 0.23 per cent at $68.87 per barrel, while WTI crude prices were higher by 0.42 per cent at 66.80, as of 9:15 AM IST.
Canada News.Net
14 hours ago
- Business
- Canada News.Net
US Fed rate cut in September hinges on labour market and inflation: UBI Report
New Delhi [India], July 15 (ANI): The possibility of a US Federal Reserve rate cut in September remains open, but it will largely depend on how the labor market and inflation evolve, noted a recent report by Union Bank of India research. While the market anticipates some monetary easing later this year, the report mentioned that Fed has adopted a cautious and data-dependent stance in the face of growing uncertainty around tariffs and fiscal policy. It stated 'While a rate cut in September remains possible, it hinges heavily on labour market softness and the inflation trajectory'. The report also noted that the Federal Reserve is expected to keep interest rates on hold for now, awaiting greater clarity on the evolving global tariff landscape and fiscal developments. Fed officials, in their recent public remarks, signalled a balanced yet cautious tone, reflecting the challenges of managing inflation risks while being prepared to support the economy if it weakens. John Williams, President of the New York Fed, highlighted that there is a 'non-negligible' chance that rates could return to zero, pointing to long-term downside risks in the economy. Meanwhile, Fed Governors Christopher Waller and Mary Daly indicated openness to rate cuts later in 2025. Daly even mentioned the possibility of two rate reductions but emphasized that any policy move would be careful, data-driven, and devoid of political influence. However, not all officials are aligned. Alberto Musalem, a voting member of the Federal Open Market Committee, urged patience, warning that it is too early to determine whether recent inflationary pressures stemming from new tariffs will be temporary or more persistent. The report said 'their remarks reflect a Fed navigating between guarding against persistent inflation and remaining ready to ease policy if the economic outlook softens'. Meanwhile, oil prices rose sharply last week, adding pressure on global inflation and the Indian Rupee. Brent crude, which opened at USD 67.64 per barrel on July 7, surged to USD 70.71 before ending the week around USD 71.11 on July 14. The jump in prices was driven by escalating geopolitical tensions, including the US sending Patriot air defence systems to Ukraine and the European Union preparing an 18th sanctions package on Russia. These actions raised fears of tighter global oil supplies. However, gains were capped by Saudi Arabia exceeding its OPEC+ output quota and concerns that new US tariffs on goods from the EU and Mexico may hurt global growth and oil demand. Looking ahead, the report mentioned that the market watchers will closely monitor any new developments around the August 1 tariff deadline, which could influence both inflation trends and the Fed's policy stance in the coming months. (ANI)
Business Standard
19 hours ago
- Business
- Business Standard
INR gains marginally as local equities move higher
Indian Rupee gained a bit against the US dollar, coming off a two-week low. INR added 5 paise at 85.87 per US dollar right now. The US dollar index eased a bit today and currently trades at 97.69, down marginally on the day. The key equity indices ended with moderate gains today, snapping a four-day losing streak, amid buying interest and encouraging domestic data. Investors will continue to monitor domestic macroeconomic indicators, global tariff-related cues, and corporate earnings announcements. The Nifty settled above the 25,150 mark. All the sectoral indices on the NSE ended in the green with auto, pharma and consumer durables shares leading the gains.
India Gazette
a day ago
- Business
- India Gazette
US Fed rate cut in September hinges on labour market and inflation: UBI Report
New Delhi [India], July 15 (ANI): The possibility of a US Federal Reserve rate cut in September remains open, but it will largely depend on how the labor market and inflation evolve, noted a recent report by Union Bank of India research. While the market anticipates some monetary easing later this year, the report mentioned that Fed has adopted a cautious and data-dependent stance in the face of growing uncertainty around tariffs and fiscal policy. It stated 'While a rate cut in September remains possible, it hinges heavily on labour market softness and the inflation trajectory'. The report also noted that the Federal Reserve is expected to keep interest rates on hold for now, awaiting greater clarity on the evolving global tariff landscape and fiscal developments. Fed officials, in their recent public remarks, signalled a balanced yet cautious tone, reflecting the challenges of managing inflation risks while being prepared to support the economy if it weakens. John Williams, President of the New York Fed, highlighted that there is a 'non-negligible' chance that rates could return to zero, pointing to long-term downside risks in the economy. Meanwhile, Fed Governors Christopher Waller and Mary Daly indicated openness to rate cuts later in 2025. Daly even mentioned the possibility of two rate reductions but emphasized that any policy move would be careful, data-driven, and devoid of political influence. However, not all officials are aligned. Alberto Musalem, a voting member of the Federal Open Market Committee, urged patience, warning that it is too early to determine whether recent inflationary pressures stemming from new tariffs will be temporary or more persistent. The report said 'their remarks reflect a Fed navigating between guarding against persistent inflation and remaining ready to ease policy if the economic outlook softens'. Meanwhile, oil prices rose sharply last week, adding pressure on global inflation and the Indian Rupee. Brent crude, which opened at USD 67.64 per barrel on July 7, surged to USD 70.71 before ending the week around USD 71.11 on July 14. The jump in prices was driven by escalating geopolitical tensions, including the US sending Patriot air defence systems to Ukraine and the European Union preparing an 18th sanctions package on Russia. These actions raised fears of tighter global oil supplies. However, gains were capped by Saudi Arabia exceeding its OPEC+ output quota and concerns that new US tariffs on goods from the EU and Mexico may hurt global growth and oil demand. Looking ahead, the report mentioned that the market watchers will closely monitor any new developments around the August 1 tariff deadline, which could influence both inflation trends and the Fed's policy stance in the coming months. (ANI)
