Page 3 - Foreign Funds

Rupee rises by 6 paise to 79.86 against US dollar in opening trade

The rupee appreciated 6 paise to 79.86 against the US dollar in opening trade on Friday, driven by foreign fund inflows and a firm trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.87 against the dollar and inched higher to touch 79.86, registering a gain of 6 paise over its previous close. In the previous session, the rupee declined by 6 paise to close at 79.92 against the American currency. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.05 per cent to 108.51. Brent crude futures, the global oil benchmark, advanced 0.83 per cent to USD 100.16 per barrel. Forex traders said, the rupee is expected to witness range-bound trade this Friday, as investors await Federal Reserve Chairman Jerome Powell's speech for further clues about the pace of the US central bank's rate hikes. "Higher oil prices and a weak start in the Asian and emerging market peers could keep appreciating bias capped,

FCRA-registered NGOs aggrieved by MHA can file review pleas online from Sep

An official notification said the revision application can be filed within a year from the date on which the order in question was communicated to the aggrieved NGO registered under the FCRA.

Investor wealth jumps over Rs 13.5 trn as markets rally for sixth day

Sensex has jumped 3,082.04 points, or 5.57%, during these six sessions

Earnings, macro data, RBI rate decision to drive markets this week

On the earnings front, big names like ITC, M&M, Dabur, Titan and Interglobe Aviation, along with several others, will declare quarterly results this week

2 Chinese Americans charged with making straw donations to Trump committees

In a complex financial scheme with political tentacles, prosecutors say, Sherry Xue Li and Lianbo Mike Wang raised $27 million for a grandiose development plan that never got close to approval

Indians can now receive up to Rs 10 lakh annually from relatives abroad

The govt also said if the amount exceeds, the individuals will now have 90 days to inform the government instead of 30 days earlier.

Avoid sector, thematic funds; stick to diversified equity offerings

Among sector/thematic funds, technology funds are on average down 23.4 per cent year-to-date

Foreign funds' share in India equities at 19.5%, lowest since March '19

Foreign funds' ownership in domestic equities fell to pre-Covid lows and hit a multi-year low of 19.5 per cent in March this year in NSE500 companies valued at USD 619 billion, shows an analysis

Pak EC to hear foreign funding case related to Imran Khan's party daily

The Election Commission of Pakistan (ECP) on Friday said it will hear Pakistan Tehreek-e-Insaaf (PTI) foreign funding case every day, local media reported.

India mothballs plan to let local companies to list overseas: Report

3 govt officials with direct knowledge of the decision say the plan had been put on hold as govt believes there's enough depth in local capital markets for firms to raise funds and get good valuations

Foreign funds in a bind over Sebi's curbs on overseas investments by MFs

After the Sebi diktat, international funds had stopped taking fresh inflows into their schemes

Street signs: Nifty may consolidate, air cooler makers may see gains & more

The Nifty50 ended the December expiry series with losses of 1.9 per cent

Domestic mutual funds' foreign holdings balloon 229%, shows data

Top 10 holdings account for more than 50% of assets

Foreign funds are steadily increasing exposure to Indian debt

Bond purchases by overseas investors under the uncapped Fully Accessible Route, climbed to Rs 35 billion ($476 million) in August, the highest this year

Amid sustained inflows, rupee settles 18 paise higher against US dollar

The rupee closed 18 paise higher at 73.50 (provisional) against the US dollar on Wednesday, tracking a firm trend in domestic equities and sustained foreign fund inflows.

Firms likely to raise $5 billion through dollar bond sales in January

In India, Export Import Bank of India raised $1 billion, State Bank of India garnered $600 million, and Shriram Transport about $500 million

Sensex snaps 10-session winning run, skids 264 points; RIL top drag

However, a recovering rupee and sustained foreign fund inflows restricted the fall, traders said

Domestic indices rise on positive global cues, foreign fund inflows

The government approving a Rs 2-trillion production-linked incentive package for various sectors, also buoyed investors, traders said

Foreign investors return to Indian sovereign bonds, shun corporates

There was $751 million of outflow from credit in October, a ninth month of net declines

Centre to contest Vodafone arbitration award, reach out to global funds

The finance ministry is certain that whenever the company approaches an Indian court with a request for the enforcement of the award, it shall be opposed