CONFEDERATION OF ALL INDIA TRADERS
Rupee drops to all-time low on India growth worries, dollar strength
The Indian rupee hit a lifetime low of 84.7425 against the dollar on Tuesday amid concerns over India's slowing growth and the U.S. dollar's rally. The rupee's decline, influenced by weak GDP data and reduced foreign exchange reserves, raises concerns about continued economic challenges and investor sentiment.
Global South not responsible for global environmental damage: Piyush Goyal
Commerce and Industry Minister Piyush Goyal stated that the Global South is not responsible for global environmental damage, attributing it instead to developed countries with high energy consumption. He emphasized the need for sustainable consumption patterns at the CII Partnership Summit.
Rupee hits all-time low of 84.60 vs USD on economic growth worries
The Indian rupee plunged to an all-time low on Monday amid concerns over slowing economic growth and regional currency declines. The Reserve Bank of India¡¯s likely intervention helped prevent further losses. Persistent outflows from domestic equities and a stronger dollar continued to weigh on the rupee, as foreign investors sold off local stocks.
Govt may shut single window system as industry seems uninterested: Piyush Goyal
The government plans Jan Vishwas 2.0 without retrospective harms to industry, and Commerce Minister Piyush Goyal considers scrapping the National Single Window due to lack of industry interest. The government seeks feedback on the NSWS and pushes for local preference, while fast-tracking measures against unfair competition from imports.
Rupee rises 6 paise to 84.35 against US dollar in early trade
The Indian rupee strengthened against the US dollar in early Monday trading, buoyed by positive domestic equities. However, a strong dollar and rising crude oil prices are applying downward pressure on the rupee, making significant gains unlikely in the near future.
Trump set to supercharge options boom driven by retail investors
Donald Trump's anticipated return to the White House is expected to fuel market volatility, further accelerating the options trading boom driven by retail investors. Companies like CQG and Trading Technologies International Inc. are preparing for this surge by expanding their options offerings and tools.
Agar Trade Set for ?50,000 Crore Boost with Assam's Upcoming Trade Hub
Dr. Jehirul Islam, an expert in Agarwood management, is revolutionizing Assam's agar industry. His company, MJI Group, is pioneering sustainable agar oil extraction and crafting exquisite perfumes. With government support, an international agar trade center is under construction in Golaghat, promising significant economic growth for Assam.
Rupee declines to record low, RBI intervention helps limit losses
The Indian rupee fell to a record low against the US dollar. The Reserve Bank of India intervened to support the currency. Asian currencies traded mixed as the dollar index rose. Sustained portfolio outflows have weighed on the rupee. The RBI's interventions aim to curb volatility while allowing gradual depreciation.
Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade
The Indian rupee hit a record low against the US dollar due to foreign investors selling their holdings and strong demand for the dollar. The Reserve Bank of India has been intervening to support the rupee, leading to a decline in India's foreign exchange reserves. High inflation and concerns about China's economy also weighed on investor sentiment.
Rupee falls 2 paise to all-time low of 84.40 against US dollar in early trade
The Indian Rupee hit a new all-time low of 84.40 against the US dollar due to foreign fund outflows and a strong US currency. Despite the RBI's efforts to stabilize the rupee, factors like weak Q2 earnings and overvalued Indian stocks have led to significant foreign investment withdrawals.
Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade
The Indian rupee hit a new all-time low against the US dollar due to foreign fund outflows and weak domestic equities. The US Fed's recent interest rate cut and potential future cuts are influencing the rupee's trajectory. Despite market volatility, experts predict the RBI will maintain a controlled range for the rupee against the dollar.
India hosts maiden Asian Buddhist Summit
India is hosting the First Asian Buddhist Summit on November 5-6, celebrating the rich heritage of Buddha Dhamma and its influence across Asia. The summit will bring together Sangha leaders, scholars, and practitioners to discuss Buddhism's role in addressing contemporary challenges and fostering peace.
After Diwali and festivities, traders' focus shifts to wedding season
Following a successful Diwali season, Indian traders are gearing up for substantial business during the upcoming wedding season starting on November 12, with 48 lakh weddings expected to generate about Rs 6 lakh crore in business. Consumer preference is shifting towards Indian products, reflecting the 'Vocal for Local' initiative.
Gold, silver hit all-time high on Diwali demand
Gold prices reached a new high of Rs 80,650 per 10 grams in the national capital. Silver also rose significantly by Rs 5,000 per kg, reaching Rs 99,500 per kg. The hike was driven by the Middle East conflict, rate cuts by the People's Bank of China, and increased demand during the festive season.
Deep discounts and cash backs during festive sales by e-commerce companies are killing small retailers: CAIT
Industry body Confederation of All India Traders (CAIT) has raised concerns on the deep discounts or cashbacks provided by the e-commerce festive sales by the companies, which tends to monopolise the retail market, hence reducing the abilities of the small offline retailers.
Rakhi festive sales expected to surge over Rs 12,000 crore: Confederation of All India Traders
The Confederation of All India Traders (CAIT) expected festive trade during the Rakhi festival to exceed Rs 12,000 crore, indicating a significant increase from previous years. There was notable demand for indigenous Rakhis over Chinese ones. Various distinctive Rakhis from across India also saw high consumer interest, contributing to the festive season¡¯s trade boom.
Rupee ends at record low, traders expect gradual depreciation to persist
The Indian rupee declined to a record low at 83.7250 against the USD, pressured by dollar demand from oil companies, custodial banks, and weak risk sentiment.
Many Chandni Chowk voters prefer national issues over local problems
Chandni Chowk, a trader and Muslim-dominated constituency in Delhi, faces numerous issues such as crumbling infrastructure, traffic congestion, and parking problems. However, many residents believe that national issues, such as pollution and crime, are more important for voters in the upcoming Lok Sabha elections. The constituency is among the 13 pollution hotspots of Delhi but is often overlooked in poll promises.
New MSME payment clause in I-T Act: Supreme Court tells traders to move HC
On Monday, the Supreme Court declined to address a plea filed by various traders' associations contesting the legality of Section 43B(H) within the Income Tax Act. This section mandates that businesses settle their outstanding payments with micro, small, and medium enterprises (MSMEs) within 45 days to avail tax benefits.
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