SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …
The rupee appreciated 3 paise to settle at 83.43 against the U.S. dollar on Friday, tracking a weak American currency and retreating crude oil prices. Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas, said the rupee gained on a weak U.S. dollar and a decline in crude oil prices. The weak dollar was attributed to the U.S. Federal Reserve's decision …
Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. However, selling pressure from foreign equity investors and rising crude oil prices in international markets weighed on the domestic unit, forex traders said. However, investors have some major events to look forward to for the rest of the week including the RBI’s decision on interest rates, macroeconomic data, …
Investors will eye a host of stock market triggers in the coming week including foreign fund inflow, S&P global services purchasing manager's index data, crude oil prices, global cues, and more. On the macro front, some of the key factors that will be in focus in the coming days are India’s S&P global services PMI, forex reserves data, Euro zone …
New Delhi : India’s manufacturing activity, measured by the Purchasing Managers Index, reached a 31-month high in May, according to the data released by the S&P Global Market Intelligence on Thursday. The seasonally adjusted manufacturing PMI rose from 57.2 in April to 58.7 in May, the highest value since October 2020 The seasonally adjusted manufacturing PMI rose from 57.2 in …
The coming week will see the onset of a new month with investors eyeing a host of factors such as upcoming GDP data, manufacturing and services PMI data, auto sales, metal companies production data, and global trends especially the US markets performance amidst ongoing debt ceiling negotiations. In the week ahead, which would be from May 29th to June 2nd, …
