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BusinessPhoto: ET MarketsThe Indian rupee closed at a six-week high of 94.46 on Wednesday, gaining 46 paise from the previous close. This rise was driven by strong foreign portfolio inflows linked to Jio Platforms' IPO and supported by a softer dollar index. Despite oil prices rising above $110 per barrel, RBI intervention helped maintain the rupee's strength.
ET Markets·
PoliticsPhoto: Hindustan TimesAmit Shah addressed police officers at the National Police Memorial in Delhi on Police Commemoration Day, urging police forces to unite in making India drug-free. He also praised the Central Armed Police Forces (CAPFs) for their role in conducting peaceful elections in West Bengal.
Hindustan Times··Delhi
BusinessPhoto: ET MarketsBitcoin surged 2.4% to $84,737, driven by renewed enthusiasm for risk assets such as technology stocks and SpaceX earnings. The Office of the Comptroller of the Currency announced supportive measures for payment stablecoin issuers. Additionally, open interest in perpetual futures is rising after a period of deleveraging, signaling a broader revival in speculative trading.
ET Markets·
BusinessPhoto: Mint MarketsThe Singapore dollar is becoming more favored as a funding currency for carry trades due to its low borrowing costs and reduced expectations of appreciation. Strategists note that these factors make the Singapore dollar increasingly attractive compared to the Japanese yen for investors engaging in carry trades.
Mint Markets·
BusinessPhoto: News18 HindiAfter attempting to remove Nicolas Maduro from power in Venezuela, US President Donald Trump is now focused on the country's vast oil reserves. Venezuela's heavy crude oil is difficult to refine, increasing the importance of India's Jamnagar Refinery in Gujarat, which has a capacity of about 1.4 million barrels per day. US Secretary of State Marco Rubio praised Reliance's refining capacity.
News18 Hindi··Jamnagar
SportsPhoto: TOI SportsIndia and New Zealand will renew their 70-year cricket rivalry with a 12-match tour from October 22 to December 1. The series includes five T20Is, five ODIs, and two Test matches. This is the biggest bilateral tour hosted by New Zealand Cricket, celebrating 100 years of sporting ties between the two nations.
TOI Sports·
ET Markets·
Photo: ET MarketsThe Indian rupee closed at a six-week high of 94.46 on Wednesday, gaining 46 paise from the previous close. This rise was driven by strong foreign portfolio inflows linked to Jio Platforms' IPO and supported by a softer dollar index. Despite oil prices rising above $110 per barrel, RBI intervention helped maintain the rupee's strength.
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