Eagerness to own a house back home in the wake of the pandemic-induced uncertainties is also adding to the current demand spike from NRI buyers
Indian Rupees
Commodities
Dubai’s DGCX sees $13.7bn trades in February as Ukraine crisis drives volatility
Dubai Gold & Commodities Exchange CEO says investors are continuing to grapple with inflation, oil prices and geo-political developments
Commodities
CEO of Dubai’s DGCX sees rising derivatives demand as investors seek safe haven
Dubai Gold & Commodities Exchange registered total trades of nearly $8bn in January
commodity trading
Dubai trades nearly $150bn in gold, commodities during 2021
Dubai Gold & Commodities Exchange CEO says to launch a number of ‘innovative future contracts’ during 2022
currency crisis
Indian rupee opens down against the dollar
Market sources said there has been increased buying of the greenback by banks and importers on Monday morning hours, leading to weakening of the Indian currency
currency crisis
Indian rupee expected to slide further against the US dollar
The rupee is expected to weaken due to concerns about a rise in crude prices
currency crisis
Rupee slide encourages Gulf-based NRIs to invest in Indian real estate
Many of the residential realty developers in India are either offering price discounts or other incentives
Commodities
Dubai Gold and Commodities Exchange smashes trading record again
DGCX reports 3.22 million lots traded and cleared in August which were valued at $52.7bn, also an all time record
GDP growth
Indian economic growth slows to 5% in fresh blow to Modi
Expansion in Asia’s third-largest economy is the slowest in five years, on the back of weak consumer demand and a liquidity crunch
dirhams to indian rupees
Indian rupee reaches 19.21 against the UAE dirham
Rupee slipped to lowest level since May 17 against the US dollar
Banking sector
India’s largest commercial bank cuts interest rates
State Bank of India’s move may affect millions of Gulf-based non-resident Indians
BSE Sensex
India set to target wealthy tax payers in budget
Proposal spooks markets with benchmark BSE Sensex losing about 1430 points or 3.6% since announcement
Indian rupee
Modi’s win means analysts are divided over rupee’s prospects
Investor sentiment turned positive last week – the rupee gained one percent and stocks rose to records – after Modi swept to a comfortable victory as predicted by nearly all exit poll
Bengaluru
Hotel demand outpacing supply in India, study shows
According to a new study from a real estate research firm, revenue per available room is expected to rise 9.5% this year
currency market
Rupee slides against US dollar amid pressure from fiscal deficit, elections
Rising crude prices and uncertainty about the outcome of India’s ‘Election 2019’ will also have negative impact on rupee
dollar bond
India’s SBI raises $1.25bn from overseas bonds
Some analysts see the move as a proxy attempt by the government to prevent the rupee from falling again
Indian government
India’s rupee, stocks down as central bank chief quits
Urjit Patel stood down as governor of the RBI ollowing months of tensions with Prime Minister Narendra Modi’s government over interference in policy