Bank Stocks Fall After Central Bank Intensifies Crackdown On Rupee Speculation

The banking stocks dropped on Thursday after the central bank intensified its crackdown on speculative activity in the rupee by targeting corporate arbitrage, requiring lenders to close contracts in open markets by removing leeway to sell to corporates.The Nifty Bank index slid 2

Read More

  • Related Posts

    Why is the Dollar Rising? Trump’s ‘No Timeline’ War Speech Triggers Global Sell-Off

    The dollar advanced against major currencies on Thursday, reversing two days of losses, as U.S. President Donald Trump’s address on Iran shattered hopes for a swift end to the Middle East conflictand dented investor sentiment. In an eagerly anticipated address, the president vowe Read More

    INR vs USD: Why Rupee Fell After RBI Intervention Before April 2 Rebound? – Motilal Oswal Weighs In

    Ahead of the rupee surging 1.6% to hit Rs 93.19 against USD after RBI’s intervention, brokerage house Motilal Oswal pointed out at that one point, rupee had already strengthened but quickly reversed hard, Bank Nifty crashed 4%, resulting in Rs 4k crore loses for banking entities. Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *