FPIs turn net sellers after 3 months in September; pull out Rs 3,419 crore
NEW DELHI: Snapping their three-month buying spree, overseas investors turned net sellers in Indian markets in September due to uncertainty ahead of the US presidential polls and surging coronavirus cases. Foreign investors withdrew Rs 3,419 crore on net basis from Indian markets in September, according to depositories data. A net of Rs 7,783 crore was […]
Ahmedabad may have 8 lakh coronavirus cases by end of May: Official
NEW DELHI: The number of COVID-19 patients in Ahmedabad city of Gujarat may grow to eight lakh by the end of May if the current four-day period of doubling of such cases continues, an official said on Friday. So far, Ahmedabad city has reported 1,638 coronavirus positive cases, the highest in Gujarat. Of these, 1,459 […]
Indian Rupee settles 70 paise lower at 75.59 against US dollar
NEW DELHI: The rupee settled 70 paise lower at 75.59 (provisional) against the US dollar on Monday amid rise in coronavirus cases in the country and weak domestic equities. Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdown. Moreover, strengthening of the American currency […]