Latest news with #US-India
The Print
a day ago
- Business
- The Print
Rupee falls 7 paise to close at 86.38 against US dollar
The weakness in the American currency and softening of crude oil prices supported the rupee at lower levels, while foreign fund outflows and a negative trend in domestic equities weighed on the local unit and restricted the upside. Forex traders said, all eyes are now on the outcome of India-US trade talks, especially as the August 1 deadline for potential tariffs on Indian exports draws near. Mumbai, Jul 22 (PTI) The rupee pared initial gains and settled for the day down 7 paise at 86.38 against the US dollar on Tuesday, amid uncertainty over the US-India trade deal ahead of the August 1 deadline. At the interbank foreign exchange, the domestic unit opened at 86.26 against the greenback and touched an intra-day high of 86.22 and a low of 86.41 against the greenback. At the end of Tuesday's trading session, the local unit settled at 86.38, down 7 paise over its previous closing price. This was rupee's fifth straight session of decline since July 16 when the unit had lost 16 paise and ended at 85.92 against the dollar. On Monday, the rupee depreciated 15 paise to close at 86.31 against the US dollar. 'We expect the rupee to trade with a slight negative bias on trade deal talks. However, weakness in the American currency and softening of crude oil prices may support the rupee at lower levels,' Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said. Dilip Parmar, Research Analyst, HDFC Securities said the rupee depreciated for the fifth consecutive day, driven by risk-averse market sentiment and consistent dollar demand. 'Regional currencies remain range-bound as the dollar consolidates amid geopolitical uncertainties. Near-term, spot USD-INR has support at 85.95 and resistance at 86.70,' he added. Meanwhile, the US team will visit India in August for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Monday. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1, which marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India (26 per cent). If the discussions fail or get delayed, Indian exporters could face fresh pressure — adding to the rupee's challenges. However, if a deal is reached, it could offer a much-needed breather. Until then, the uncertainty is likely to keep market participants cautious. 'Traders may remain cautious ahead of PMI and durable goods orders data from the US this week,' Choudhary said, adding that USD-INR spot price is expected to trade in a range of 86.10 to 86.65. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 97.82. Brent crude, the global oil benchmark, fell 0.94 per cent to USD 68.56 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex declined 13.53 points, or 0.02 per cent, to close at 82,186.81, while the Nifty fell 29.80 points, or 0.12 per cent, to settle at 25,060.90. Foreign institutional investors (FIIs) offloaded equities worth Rs 3,548.92 crore on a net basis on Tuesday, according to exchange data. PTI DRR HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Recorder
a day ago
- Politics
- Business Recorder
‘Trump's renewed interest in Pakistan has India recalibrating China ties'
This is apropos a news item 'Trump's renewed interest in Pakistan has India recalibrating China ties' carried by this newspaper recently. According to it, US President Donald Trump's luncheon meeting with Chief of Army Staff Field Marshal Asim Munir at the White House has prompted 'a private diplomatic protest from India'. Quoting analysts and officials, the news item has also claimed that the ''protest'' from New Delhi has warned Washington about 'risks to their bilateral ties'. The same news item has also claimed that India is 'recalibrating relations with China as a hedge'. Seen from a geo-strategic prism, this item, no doubt, is highly important because of a variety of reasons. It is a fact that US-India ties have strengthened in the past two decades or since Narendra Modi came to power in 2014 because both countries seek to counter China. In my view, the situation, in fact, indicates India's policy failures on so many fronts. One of these is the growing realization in the White House that India cannot be viewed or trusted as a competent or strong player in the security competition in the region. After boasting that it can play the role of a bulwark against China, India has been forced by a situation after its defeat in the four-day conflict against Pakistan in May to eat the humble pie. Saleem Bukhari (Karachi) Copyright Business Recorder, 2025
Business Standard
a day ago
- Business
- Business Standard
INR lingers around one-month low
Likelihood of positive opening in domestic equities and dollar near a two-week low could provide some support to the Indian rupee in opening trades on Wednesday although recovery in international oil prices may limit gains in the unit. Yesterday, rupee extended slide to settle for the day near a one-month low of 86.36 against the US dollar, amid uncertainty over the US-India trade deal ahead of the August 1 deadline. All eyes are now on the outcome of India-US trade talks, especially as the August 1 deadline for potential tariffs on Indian exports draws near. Indian shares also ended a choppy session slightly lower on Tuesday due to prevailing uncertainty regarding an interim trade deal between the U.S. and India. The benchmark S&P/BSE Sensex swung between gains and losses before ending down 13.53 points at 82,186.81. The broader NSE Nifty index slipped 29.80 points, or 0.12 percent, to 25,060.90.
Economic Times
2 days ago
- Business
- Economic Times
Festive demand, monsoon could lift markets in H2FY25: Shriram Wealth CEO
Shriram Wealth's Vikas Satija anticipates a market rebound in the second half of FY25, driven by festive demand, a strong monsoon, and positive earnings. He highlights opportunities in rural consumption, FMCG, infrastructure, and pharma, while cautioning against high valuations in defence stocks. Satija also acknowledges SEBI's efforts to protect retail investors amid derivatives losses. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In this edition of ETMarkets Smart Talk, Vikas Satija, MD & CEO of Shriram Wealth , shares his insights on the current market consolidation phase and what could drive the next leg of believes that festive demand recovery, a favourable monsoon, and positive earnings momentum could act as key catalysts for Indian equities in the second half of also highlights the growing strength in rural consumption , FMCG, infrastructure, and pharma sectors, while cautioning investors about stretched valuations in defence this conversation, he discusses market trends, sectoral opportunities, FII flows , and SEBI's regulatory measures aimed at protecting retail investors. Edited Excerpts –A) Generally, the first quarter remains a cyclically weak quarter for many sectors. Banking activity also remains muted given moderate industrial uptake, employee transfers, market seems to have factored in most of the domestic as well as global developments, hence it is undergoing time correction and looking for new events such as US-India trade deal agreement, healthy festive led consumption recovery, above average monsoon and positive earnings could be new drivers for the market in coming quarters.A) Healthy rural demand and recovery in urban consumption led optimism in FMCG sector could be a theme to watch out for this earnings season. Additionally, agri-related sectors such as fertilizers, crop-protection businesses and tractor OEMs could be the ones to watch out.A) In the last 5 years, post the Covid led correction, the Nifty 50 TR and the broader Nifty 500 TR have yielded investors 21.3% and 24% returns respectively. Multiple sectors and companies are trading at premiums to respective long-term are several external factors such as demand challenges in domestic as well as offshore markets, dumping of goods by China, geopolitical uncertainty led supply chain and logistical issues which can adversely impact some should look for selective ideas from a medium-term investment horizon and any correction can be utilized by investors to further add to their portfolios.A) The adoption of mutual fund investments in India has seen an accelerated adoption, especially in B30 (beyond top 30) cities, supported by financialisation of savings, growing awareness through investor education, rising digital penetration, and the growing reach of financial service share of new SIP registrations from B30 cities has increased to 56% in FY25.A) Though FII flows may not be fully back, they have improved in the last three months ($1.3bn, $1.7bn, $2.4bn respectively in Apr-25, May-25 & Jun-25).Despite the recent rally which has taken the index to a premium (~5%) over its long-term average in terms of P/E valuation, the Nifty 50's single digit returns over the past six months remains tepid relative to some of other emerging market's double-digit factors such as key Govt. initiatives, frontloading of RBI rate cut cycle, under-control inflation, pick-up in Govt. capex spendings and aspirations to become the third largest economy, all cumulatively are likely to support improvement in macro parameters to attract strong FII flows in the quarters ahead.A) Outlook for the FMCG sector, particularly rural-focused consumption looks positive on the back of favourable monsoon, easing inflation, healthy rural recovery, expectation of higher disposable income owing to tax relief and rising premiumization the Pharma & Healthcare sector, CDMO (Contract Development & Manufacturing) presents a long-term expectations of a ramp-up in Govt. capex, infrastructure and utilities sectors (eg. Power, Railway and Defence) could see strong order flows in 2HFY26.A) In the backdrop of geopolitical uncertainties and war-like situation, expectations of an elevated defence budget and accelerated spendings for weapon procurement programme led to a significant rally in all the defence related stocks to stretched valuations over the long-term averages.A) SEBI has been proactive in introducing measures to mitigate risks for retail investors. The regulator is exploring moving the weekly option expiry to a fortnightly expiry as one of the alternatives to control surging volatility boosting tool i.e., Algo Trading, which also received overwhelming response from retail investors, will be regulated with the new guidelines effective August 1st, 2025. While the regulator is taking several steps, market participants have to increase awareness among investors for taking informed decisions.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
Festive demand, monsoon could lift markets in H2FY25: Shriram Wealth CEO
In this edition of ETMarkets Smart Talk, Vikas Satija, MD & CEO of Shriram Wealth , shares his insights on the current market consolidation phase and what could drive the next leg of growth. He believes that festive demand recovery, a favourable monsoon, and positive earnings momentum could act as key catalysts for Indian equities in the second half of FY25. Satija also highlights the growing strength in rural consumption , FMCG, infrastructure, and pharma sectors, while cautioning investors about stretched valuations in defence stocks. In this conversation, he discusses market trends, sectoral opportunities, FII flows , and SEBI's regulatory measures aimed at protecting retail investors. Edited Excerpts – Q) Thanks for taking the time out. Markets are struggling in the first month of 2H2025. What is limiting the upside? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cargo Ship Meets Pirates - Watch What the Captain Does Next! Tips and Tricks A) Generally, the first quarter remains a cyclically weak quarter for many sectors. Banking activity also remains muted given moderate industrial uptake, employee transfers, etc. The market seems to have factored in most of the domestic as well as global developments, hence it is undergoing time correction and looking for new triggers. Upcoming events such as US-India trade deal agreement, healthy festive led consumption recovery, above average monsoon and positive earnings could be new drivers for the market in coming quarters. Live Events Q) The June quarter season has just begun – how do you see India Inc. faring in this quarter? Which sectors should investors watch out for? A) Healthy rural demand and recovery in urban consumption led optimism in FMCG sector could be a theme to watch out for this earnings season. Additionally, agri-related sectors such as fertilizers, crop-protection businesses and tractor OEMs could be the ones to watch out. Q) Everyone says it is a stock pickers market now and the day of making easy money is over. What are your views? A) In the last 5 years, post the Covid led correction, the Nifty 50 TR and the broader Nifty 500 TR have yielded investors 21.3% and 24% returns respectively. Multiple sectors and companies are trading at premiums to respective long-term averages. There are several external factors such as demand challenges in domestic as well as offshore markets, dumping of goods by China, geopolitical uncertainty led supply chain and logistical issues which can adversely impact some sectors. Investors should look for selective ideas from a medium-term investment horizon and any correction can be utilized by investors to further add to their portfolios. Q) SIP crossed Rs 27000 cr for the first time in June. What is boosting the momentum? A) The adoption of mutual fund investments in India has seen an accelerated adoption, especially in B30 (beyond top 30) cities, supported by financialisation of savings, growing awareness through investor education, rising digital penetration, and the growing reach of financial service providers. The share of new SIP registrations from B30 cities has increased to 56% in FY25. Q) FIIs are still not back in India completely – is it valuations or earnings which are proving to be headwinds? A) Though FII flows may not be fully back, they have improved in the last three months ($1.3bn, $1.7bn, $2.4bn respectively in Apr-25, May-25 & Jun-25). Despite the recent rally which has taken the index to a premium (~5%) over its long-term average in terms of P/E valuation, the Nifty 50's single digit returns over the past six months remains tepid relative to some of other emerging market's double-digit returns. Various factors such as key Govt. initiatives, frontloading of RBI rate cut cycle, under-control inflation, pick-up in Govt. capex spendings and aspirations to become the third largest economy, all cumulatively are likely to support improvement in macro parameters to attract strong FII flows in the quarters ahead. Q) Which sectors are likely to drive momentum in the 2H2025? A) Outlook for the FMCG sector, particularly rural-focused consumption looks positive on the back of favourable monsoon, easing inflation, healthy rural recovery, expectation of higher disposable income owing to tax relief and rising premiumization trends. In the Pharma & Healthcare sector, CDMO (Contract Development & Manufacturing) presents a long-term opportunity. Amid expectations of a ramp-up in Govt. capex, infrastructure and utilities sectors (eg. Power, Railway and Defence) could see strong order flows in 2HFY26. Q) Any sector(s) which you think is overheated? A) In the backdrop of geopolitical uncertainties and war-like situation, expectations of an elevated defence budget and accelerated spendings for weapon procurement programme led to a significant rally in all the defence related stocks to stretched valuations over the long-term averages. Q) Despite recent regulatory steps, retail investors still account for 91% of the losses in the derivatives segment. What more can SEBI do to protect them? A) SEBI has been proactive in introducing measures to mitigate risks for retail investors. The regulator is exploring moving the weekly option expiry to a fortnightly expiry as one of the alternatives to control surging volumes. Another volatility boosting tool i.e., Algo Trading, which also received overwhelming response from retail investors, will be regulated with the new guidelines effective August 1st, 2025. While the regulator is taking several steps, market participants have to increase awareness among investors for taking informed decisions.
