See the full story in the original article.
Read the original on business-standard.com ↗
Related news
- Rupee falls 12 paise to 94 . 50 against US dollar in early trade
The rupee fell 12 paise to 94.50 against the US dollar in early trade on Thursday, weighed down by weak domestic equities and surging crude prices, though a softer dollar and lower US Treasury yields limited the losses. The currency had surged 53 paise to close at 94.38 the previous day. Anuj Choudhary of Mirae Asset Sharekhan expects a slight positive bias from IPO-related foreign inflows and reports that Russia is ready for new peace talks, while Anindya Banerjee of Kotak NEO sees the rupee finely balanced within 94-97 and says that balance would be tested if portfolio selling accelerates or crude moves toward $120. Sensex fell 642.51 points to 73,067.18 and Nifty declined 241.35 points to 22,570.90, while FIIs bought a net 1,022.32 crore rupees of equities on Wednesday.
- Rupee falls 12 paise to 94 . 50 against US dollar in early trade
The rupee slid 12 paise to 94.50 against the US dollar in early trade on Thursday, pressured by weak domestic markets and higher crude prices, after rising 53 paise to close at 94.38 on Wednesday. Mirae Asset Sharekhan's Anuj Choudhary expects a slight positive bias from IPO-related foreign inflows and a weaker dollar, while Kotak NEO's Anindya Banerjee sees the rupee staying within 94–97. Brent crude rose 1.58 per cent to USD 110.54 a barrel, the Sensex fell 642.51 points to 73,067.18 and the Nifty dropped 241.35 points to 22,570.90. FIIs bought a net Rs 1,022.32 crore of equities on Wednesday.
- Rupee falls 12 paise to 94 . 50 against U . S . dollar in early trade
The rupee fell 12 paise to 94.50 against the U.S. dollar in early trade on Thursday, October 22, 2026, weighed by weak domestic equities and surging crude prices. It had closed at 94.38 on Wednesday after gaining 53 paise. Analysts expected some support from IPO-related foreign inflows, a softer dollar and lower U.S. Treasury yields, while the dollar index was down 0.21% at 101.56 and Brent crude rose 1.58% to $110.54 per barrel. Kotak NEO's Anindya Banerjee said the rupee should stay within 94-97, though a move in crude toward USD 120 or renewed portfolio selling would test that range. In equities, the Sensex fell 642.51 points to 73,067.18 and the Nifty declined 241.35 points to 22,570.90, while FIIs bought a net Rs 1,022.32 crore on Wednesday.
- Rupee rises 9 paise to 94 . 80 against U . S . dollar in early trade
The rupee gained 9 paise to 94.80 against the U.S. dollar in early trade on Monday, October 19, 2026, supported by the Reserve Bank of India's structural forex interventions. Forex traders said it was the rupee's sharpest rally in seven months, but a surge in Brent crude to $110 per barrel remains the biggest threat to the recovery. High crude prices, rising U.S. Treasury yields and steady foreign capital outflows have pushed the RBI to step up its market interventions. The Sensex fell 470.50 points to 74,318, while foreign institutional investors bought a net ₹1,165.92 crore of equities on Friday. India's forex reserves dropped $8.578 billion to $726.027 billion in the week ended October 9.
- Rupee rises 20 paise to 94 . 79 against US dollar in early trade
The rupee rose 20 paise to 94.79 against the US dollar in early trade on Friday, supported by a weaker dollar, the RBI's structural forex interventions and lower US Treasury yields. Elevated crude oil prices and a decline in equities, however, limited the gains. The rupee had closed at 94.99 on Thursday after gaining 18 paise. The dollar index fell 0.54% to 102, and Brent crude dropped 0.54% to USD 105.35 per barrel. Domestically, the Sensex fell 113 points to 74,187 and the Nifty dipped 27.20 points to 22,967.15, while FIIs net sold equities worth Rs 5,285.37 crore on Thursday.
- Rupee rises 20 paise to 94 . 79 against US dollar in early trade
Related markets
Latest news
- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.