Saturday, March 07
RBI is not among the largest holders of US government debt, with its exposure at about a quarter of China’s nearly $683 billion holdings. Even so, India’s selling has added fresh momentum to discussions about the place of US sovereign bonds in global investment portfolios.
Stock market crash today: The Sensex began the session on a positive note, but dropped over 700 points in afternoon trade. At 2:19 PM, Nifty50 was trading at 25,064.55, down 225 points or 0.89%. BSE Sensex was at 81,549.19, down 758 points or 0.92%.
Indian travelers face a more stringent visa process for China, with new online pre-approval stages and increased scrutiny of financial documents leading to longer processing times and higher rejection rates. Despite these hurdles, interest in diverse Chinese destinations beyond traditional tourist hubs is growing, fueled by improved flight connectivity.
Amway India is urging the government to formally recognize food and dietary supplements as integral to wellness ahead of the Union Budget 2026. The company calls for rationalized customs duties on imported supplements and ingredients, advocating for tax relief for small direct sellers and increased support for clinical research to bolster India's health and wellness ecosystem.
Stock market crash today: The Sensex began the session on a positive note, but dropped over 700 points in afternoon trade. At 2:19 PM, Nifty50 was trading at 25,064.55, down 225 points or 0.89%. BSE Sensex was at 81,549.19, down 758 points or 0.92%.
The Indian Rupee strengthened today against the US Dollar. This rise follows a softening of tariff threats between the US and Europe. Traders noted improved investor sentiment. However, the Rupee still faces pressure from foreign fund outflows. Experts suggest a period of consolidation and possible recovery. The 92.00 level is a key resistance point.
Adani Group stocks tumbled today as the US SEC sought court approval to email summons to Gautam and Sagar Adani. This follows an alleged bribery scheme involving Indian officials for power purchase agreements. The Adani Group had denied the allegations.
Indian missions are being instructed by the PMO and commerce department to prioritize trade engagement with all countries, regardless of current export size. This strategic shift aims to diversify India's export basket and import sources, with embassies tasked with identifying and pursuing opportunities in markets of all scales to build future growth.
The rupee recovered 15 paise on Thursday, opening at 91.50 against the US dollar, rebounding from its all-time low of 91.58 hit the previous day. This modest recovery followed a sharp fall amid heightened global uncertainty, strong dollar demand, and persistent foreign portfolio outflows.
Gold and silver price prediction today: Abhilash Koikkara of Nuvama Professional Clients Group is of the view that gold and silver prices may continue to trend upwards, with the possibility of gold touching Rs 1.75 lakh per 10 grams in the coming sessions.
