9:10 AM
Blogger
12:10 AM
Blogger
Pakistan is set to repay a $2 billion loan to the UAE by month's end, a request reportedly linked to the Middle East's recent geopolitical shifts. The funds, held by the State Bank of Pakistan, were initially for balance of payment support. While Pakistan can meet this repayment, it may require further external financing for upcoming fiscal needs.
12:10 PM
Blogger
Bank holidays in India will vary significantly in April 2026 due to numerous regional festivals. Many branches will close on April 3 for Good Friday, with exceptions in specific states. Further closures are scheduled for April 14 and 15, impacting various regions. Customers should plan transactions in advance as digital services remain available.
10:10 PM
Blogger
12:10 PM
Blogger
The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank capped banks' net open positions. Despite this regulatory intervention, underlying pressures from foreign fund outflows, a firming dollar, and high crude oil prices persist, impacting equity markets as well.
9:10 AM
Blogger
Top stock market recommendations: Grindwell Norton, Adani Power, and KSB are stocks that Aakash K Hindocha, Deputy Vice President - WM Research of Nuvama Professional Clients Group recommends. He shares target levels as well as his outlook on Nifty and Bank Nifty:
12:10 AM
Blogger
1:10 PM
Blogger
Banks across India will observe several closures in April 2026 due to national and state-specific holidays, including year-end finalization and Good Friday. Several states will also see branches shut for regional festivals and observances like Dr. Babasaheb Ambedkar Jayanti and Bengali New Year. Digital banking services will remain operational for routine transactions.
11:10 AM
Blogger
Many banks across India are closed today for Mahavir Jayanti, impacting customers in states like Gujarat, Maharashtra, and Uttar Pradesh. However, agency banks handling government transactions will remain open on March 31st to facilitate financial year-end dealings. Digital banking services are unaffected, but check with your bank for specific details.
12:10 PM
Blogger
The Indian rupee saw a significant rebound, gaining 128 paise to 93.57 against the US dollar following RBI's directive to limit banks' currency exposure. This move prompts banks to reduce dollar holdings, offering temporary support.
9:10 AM
Blogger
Stock market recommendations: Ipca Laboratories, and AU Small Finance Bank are the stocks that Motilal Oswal Wealth Management Research Desk recommends buying for the week starting March 30, 2026. Target prices and potential upsides are listed below:
5:10 AM
Blogger
4:10 AM
Blogger
Until Friday, banks could run net open positions of up to 25% of their net worth. In practice, large lenders often accumulated sizeable long dollar bets, sometimes in excess of of $1 billion, on expectations of rupee depreciation. The new cap forces a rapid reversal. By April 10, 2026, banks must cut these exposures to $100 million. This compels them to sell dollars and buy rupees to close the gap.
RSS Feed
Twitter
