The local currency opened at 86.56 against the US dollar and is currently traded at 86.57 against the dollar, as compared to 86.57 at the close of the previous trading session against the greenback.The rupee opened marginally down on January 17 as Brent crude prices continued to rise.The Indian currency opened at 86.56 against the US dollar and traded at 86.57 around 10 am. It closed at 86.57 in t...

The dollar held near an 11-week high on Thursday as uncertainty over the upcoming U.S. election looms and as resilience in the U.S. economy added to bets the Federal Reserve will be less aggressive in easing rates versus its peers elsewhere.The highlight of Asia Day will be a press conference in China at 0200 GMT focused on measures to prop up its beleaguered property sector, which will be key in ...

A multi-billion-dollar incentive scheme for semiconductor manufacturing companies could be launched after the new government takes charge, according to a report by the Times of India. The results for the ongoing Lok Sabha elections 2024 will be declared on June 4.The package will follow the Rs 76,000-crore scheme announced in December 2021 to support the manufacturing of chips in the country. Acco...

Adani dollar bonds see robust demand; signals comeback to the global market, Adani Green Energy priced a $409 million 18-year bond after receiving nearly $3 billion of demand for it, said the sources, who have direct knowledge of the deal.Adani group saw massive demand on Monday for its first dollar bond since a short-seller attack last year, in what two banking sources said was being seen interna...

Adani Green Energy to raise $409 million via dollar bonds, Reuters had earlier reported that Adani Green Energy was looking to raise around $500 million by issuing dollar bonds in March, making it the first Adani group company to return to the overseas bond market in a year.Adani Green Energy is looking to raise $409 million via U.S. dollar-denominated bonds with a door-to-door tenor of 18 years, ...