Profit street blog | stock and commodity market news

The Indian rupee opened flat at 64.50 per dollar today against previous close of 64.51. eleven: fifty nine am Buzzing inventory: Shares of Berger Paints India rose 2.7 percent intraday Tuesday after its subsidiary signed a memorandum of business exploration with NBCC. the corporate's subsidiary Bolix, S.A. Poland and NBCC sign memorandum of business exploration to deliver exterior Thermal Insulation and Composite methods (ETICS) solutions to India. "NBCC and Bolix, S.A. Poland signed a memorandum of business exploration at New Delhi, in furtherance of a joint initiative to bring to ETICS, a proven resolution for making improvements to power performance of temperature controlled structures," company stated in release. eleven:39 am Coal India falls: Coal India saw promoting force on Tuesday as buyers grew to become cautious on analysts’ views on the inventory. the general public sector entity was once within the news recently after the coal quality watchdo...

The rupee was trading weak at 66.75 in the evening session as the dollar remained in the driver’s seat on the growing buzz that the US interest rate is set to go up. The Fed is meeting next week to take a call on this. A higher US rate means flight of investors from emerging markets in search of higher returns. Apart from the increased demand for the American currency from importers and banks, its strength against other currencies overseas pulled down the rupee. Also, a weak domestic equity market affected the rupee sentiment. The domestic unit opened weak by 11 paise at 66.82 at the Interbank Foreign Exchange market today. It hovered in a range of 66.86 and 66.73 before quoting at 66.75, down 4 paise at 3.35 pm local time. Yesterday, the rupee had weakened 4 paise to 66.71 in a relatively muted trade on renewed demand for the greenback. The dollar hit a three-week high against the yen on Thursday, on course for a fourth straight day of broader gains after a s...