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Rupee: Rupee closes at new low on Gaza spillover, crude flare-up worries

The rupee settled at 83.28 per US dollar, a fresh closing low. The closing level was the same as the intraday low on Monday, just shy of the all-time intraday low of 83.29, a level seen in October 2022. On Friday, the rupee had closed at 83.26. In 2023, the rupee has shed 0.7% versus the dollar.
Saudi Arabia Upasna Bharadwaj Dilip Parmar Ritesh Bhansali Kotak Mahindra Bank Mecklai Financial Services

shridatta bhandwaldar: Our portfolio overweight on domestic cyclicals; underweight on energy, commodities & IT: Shridatta Bhandwaldar, Canara Robeco

“The growth differential between the lot of other emerging markets, developed market vis-à-vis India is likely to sustain, which means through next two, three, five years, unless and until we have political establishment change, we should see a business cycle, should see a credit growth cycle, should see a decent earnings growth cycle.”
Israel General Canara Robeco Shridatta Bhandwaldar Might Also Like Large Cap Funds Domestic Cyclicals

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EU states strike deal on electricity market reform

EU member states reached an agreement to reform its electricity market after months of sparring between France and Germany over state support for nuclear energy, the European Council said Tuesday.The 27 member states' agreement does allow for state support for existing nuclear power plants subject to compliance with EU rules on state aid.
France General Kadri Simson Teresa Ribera Rodriguez European Union European Parliament European Council
Source: yahoo.com

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