Skip to main content

Posts

Showing posts with the label rupee

Featured Post

Market Daily Report: Bursa Malaysia Ends Lower On Cautious Sentiment

KUALA LUMPUR, May 21 (Bernama) -- Bursa Malaysia ended at its intraday low on Thursday as investor sentiment remained cautious amid ongoing foreign outflows, although the recent weakness may present bargain-hunting opportunities in fundamentally sound blue-chip counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 9.33 points, or 0.54 per cent, to 1,708.36, from yesterday’s close of 1,717.69. The benchmark index, which opened 3.74 points higher at 1,721.43, hit an intraday high of 1,722.50 in early trade before losing momentum for the rest of the day. Market breadth was negative, with losers outpacing gainers 656 to 508, while 565 counters were unchanged, 989 untraded and 32 suspended. Turnover fell to 3.49 billion units worth RM3.70 billion compared with 4.15 billion units worth RM4.29 billion on Wednesday.

India Holds Rates as US Tariff Cut Sparks Growth Optimism

Quick Summary RBI kept its key rate unchanged at 5.25% , matching market expectations US slashed tariffs on Indian goods to 18% from 50% , lifting growth outlook Rupee rebounded strongly , becoming Asia’s top performer this month Inflation remains well below target , giving RBI policy flexibility What Happened The  Reserve Bank of India  held its  repo rate at 5.25% , with the six-member Monetary Policy Committee voting  unanimously  to keep policy unchanged and maintain a  neutral stance . The decision comes as India’s macro outlook improves, helped by  higher government spending  and a surprise  US–India trade boost . Why the Outlook Improved US President  Donald Trump  announced  tariff cuts on Indian goods to 18% from 50% Economists now expect  upward revisions to India’s growth forecasts The Indian government increased  budgetary spending , supporting domestic demand Key impact:  The  rupee bounced back...