All-India house price index rises 3.1% in Q4 FY25: RBI
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Economic Times
an hour ago
- Economic Times
Rupee weakens by 46 paise to close at 85.85/$
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The Indian currency weakened nearly half a rupee to close at 85.85 per dollar on Monday, from its previous close of 85.39/$1 as uncertainty about US tariff policies resurfaced with President Donald Trump's threat of an additional 10% levy on Brics rupee opened at 85.57/$1, and weakened till 86.03/$1 on Monday, before pairing its losses and closing at 85.85/$1, likely due to intervention by the Reserve Bank, traders said."Markets were expecting something on the trade deal with the US, but nothing came up, and the BRICS statement deteriorated sentiments. We were the second worst performing currency in Asia, and due to potential RBI intervention, we erased some losses and to be the third worst-performing Asian currency," said Dilip Parmar, currency research analyst at HDFC Yen and the Thai baht were the two worst performing Asian currencies. Traders expect the rupee to move in the range of 85.50/$1 to 86.25/$1 on Tuesday, ahead of July 9, when Trump will unveil his new stand on a social media post, President Donald Trump stated a new tariff policy, calling for countries "aligning themselves with the Anti-American policies" of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted. India, along with Brazil, China, Russia, South Africa are part of dollar index gained slightly at 97.6, from 96.9 previously."The BRICS comment has put the India-US deal in jeopardy and we are awaiting clarifications from India-US on the matter. The rupee has fallen as the market is not expecting the deal to be done soon," said Anil Bhansali, head of treasury at Finrex Treasury Advisors.
Time of India
an hour ago
- Time of India
Rupee weakens by 46 paise to close at 85.85/$
Mumbai: The Indian currency weakened nearly half a rupee to close at 85.85 per dollar on Monday, from its previous close of 85.39/$1 as uncertainty about US tariff policies resurfaced with President Donald Trump's threat of an additional 10% levy on Brics countries. The rupee opened at 85.57/$1, and weakened till 86.03/$1 on Monday, before pairing its losses and closing at 85.85/$1, likely due to intervention by the Reserve Bank, traders said. "Markets were expecting something on the trade deal with the US, but nothing came up, and the BRICS statement deteriorated sentiments. We were the second worst performing currency in Asia, and due to potential RBI intervention, we erased some losses and to be the third worst-performing Asian currency," said Dilip Parmar, currency research analyst at HDFC Securities. Japanese Yen and the Thai baht were the two worst performing Asian currencies. Traders expect the rupee to move in the range of 85.50/$1 to 86.25/$1 on Tuesday, ahead of July 9, when Trump will unveil his new stand on tariffs. In a social media post, President Donald Trump stated a new tariff policy, calling for countries "aligning themselves with the Anti-American policies" of the BRICS developing nations to be charged an extra 10% tariff, with no exceptions to be granted. India, along with Brazil, China, Russia, South Africa are part of BRICS. The dollar index gained slightly at 97.6, from 96.9 previously. "The BRICS comment has put the India-US deal in jeopardy and we are awaiting clarifications from India-US on the matter. The rupee has fallen as the market is not expecting the deal to be done soon," said Anil Bhansali, head of treasury at Finrex Treasury Advisors.
Time of India
9 hours ago
- Time of India
Trae Young reacts to $229M Atlanta Hawks update with iconic Michael Jordan Meme
Trae Young is in Atlanta Hawks (Image via Getty Images) The star guard for the Atlanta Hawks , Trae Young, has been making headlines again. A big update on his contract has everyone talking, and he had the perfect response. Trae Young may formally get an offer of a four-year and $229 million contract extension from the Atlanta Hawks on Sunday. After the news went public, he uploaded a Michael Jordan meme and shared it on his Instagram Story. Trae Young channels Michael Jordan amid $229M Atlanta Hawks contract rumors The Atlanta Hawks reportedly might offer Trae Young an extension worth $229 million. This deal would keep him on the team for many more years. It would also show that the team is fully committed to him as their franchise player. His current contract, which is worth $215 million over five years, expires in 2025-2026. The 2026-2027 season is when he has a player option. Trae Young, meanwhile, responded with humour rather than a lengthy response. He posted a famous meme of Michael Jordan on social media. The Atlanta Hawks have had a rough couple of seasons. They made a surprise run to the Eastern Conference Finals in 2021. However, since then, things have not gone so well. They've had coaching changes and questions about the team's future. Some people thought that their star player might be traded. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo However, now, this contract news changes everything. A $229 million deal would be one of the biggest in the NBA . Meanwhile, Trae Young is a somewhat divisive player, and over the years, trade rumours have been made about him. He has an incredible career average of 25 points and 10 assists per game. The 2022 All-NBA third-team selection and four-time All-Star has been the team's ambassador since 2018. Trae Young is an amazing player (Image via Getty Images) Despite his efforts and consistency, the team's poor record hurts his chances of making the All-NBA team. However, he doesn't seem to have a big impact on winning all the time. He should still have some of his best years ahead of him as he turns 27 in September. Nevertheless, it's unclear how he would age in a career where he is being pushed around by larger players because he is also listed as 6-foot-1 and 164 pounds. Trae Young is developing into a perimeter playmaker in the NBA. He will have more opportunities if he signs with the team. Also read: 5 NBA trades that could send a shockwave across the league before next season tips off Game On Season 1 continues with Mirabai Chanu's inspiring story. Watch Episode 2 here.
