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A Flip by Riya Sharma
The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The one-month non-deliverable forward indicated that the rupee will open at 85.80-85.81 to the U.S. dollar, compared with 85.7125 in the previous session. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday.
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Mahindra and Mahindra (M&M) shares will remain in focus on Wednesday, January 8, following the automaker's announcement of prices for the highly anticipated Mahindra XEV 9e and BE 6 top-end models. Both electric SUVs will be offered in three variants, including Pack One, Pack Two, and Pack Three. The company had earlier announced the price of the basic models.
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Geojit Financial Services's report on Daily Agri Picks: India's exports of spices rose 10% on year to 940,997.50 tonnes in Apr-Oct, according to data from the Spices Board of India. The country exported 146,557.83 tonnes of jeera during the period, up 73% on year, the data showed. In dollar terms, the total exports of spices were up 7% on year at $2.54 billion during Apr-Oct.
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