February 2023 – 爱上海后花园-爱上海同城论坛-上海后花园爱上海

HDFC Bank reported a 20.9% on-year jump in consolidated net profit to Rs 9,579 crore in the April-June quarter, close to what analysts on Dalal Street had estimated. India’s largest private sector bank recorded a 14.5% jump in Net Interest Income (NII) to Rs 19,481 crore. Analysts had expected the lender to post robust quarterly earnings growth. The total credit cost ratio was at 0.91% as compared to 1.67% for the year-ago period. Gross NPAs were at 1.28% of gross advances in the April-June period as compared to 1.47% in the same period last year. HDFC Bank’s results show an …

上海419论坛

Brent falls below $98/bbl; rupee just shy of 80 vs US dollar

on 2023-02-202023-02-20

Brent crude fell to $97.5 per barrel on Thursday, its lowest level in four-and-a-half months, brightening the prospects of an improvement in India’s macro-economic parameters and government finances and a lessening of its external-sector vulnerabilities. Softening of oil prices — many analysts expect the near-prospects to be benign as the likely US rate hike later this month could hit demand — could cool inflation, lend significant support to the falling rupee, thanks to lower forex outgo on import of assorted commodities and curb budget spend on explicit subsidies. Meanwhile, the rupee lost another 24 paise on Thursday to hit yet …

上海419论坛

Impact on imports: Global factors causing rupee fall against dollar

on 2023-02-162023-02-16

Finance minister Nirmala Sitharaman on Monday said global factors such as the Russia-Ukraine war, soaring crude oil prices and tightening international financial conditions are the major reasons for the weakening of the rupee against the dollar. For the first time, the domestic currency dropped below the psychological 80-mark against the dollar in intra-day trade on Monday, before ending the session 16 paise lower at 79.97. The minister said currencies such as the British pound, the Japanese yen and the Euro have weakened more than the Indian rupee against the US dollar. Therefore, the Indian rupee has strengthened against these currencies …