Tue, Nov 5, 2024 1:23 PM
Rupee hits all-time low; check out key factors leading to INR depreciation
A Flip by Avya Verma
Citi and Fidelity International unveil a proof-of-concept tokenized money market fund, set to debut at the Singapore FinTech Festival, which embeds foreign exchange swaps within the blockchain, promising transparency, efficiency, and instant redeemability, and paving the way for decentralized finance integrations.
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StarCharge, China's second-largest provider of charging equipment for electric vehicles (EVs), is stepping up its overseas expansion plans amid rising tensions in Europe over tariffs on Chinese-made cars. The company signed an agreement with French group Schneider Electric to form a venture in Europe to drive the electrification of the continent's automotive industry, a company official said.
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By Ravi Singh (Religare Broking):The benchmark indices are currently on the neutral to negative side, with no fresh positions recommended unless the Nifty trades above the 24,450 mark. Sustained positive market momentum is likely only if the Nifty manages to close above 24,450. As of now, the highest OI on Nifty November monthly options is concentrated at the 24,000 PE and 25,000 CE strikes.
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