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Indian shares little changed at open, foreign outflows weigh

Dec 30 (Reuters) – India’s equity benchmarks opened little changed on Tuesday, as investors remained cautious on concerns over foreign fund flows amid thin year-end volumes. The Nifty 50 index was largely unchanged at 25,940.9, while the BSE Sensex index shed 0.11% to 84,600.99, as of 9:15 a.m. IST. Nine of the 16 major sectors logged gains at the open. The broader small-caps and mid-caps were flat. The Nifty has lost 0.9% in three sessions, while the Sensex has dropped 1% in four sessions due to profit-taking in a thin year-end market. Foreign investors net sold Indian shares worth 27.6

Rupee likely to hold near 90 against US dollar, RBI support cushions weak flows

MUMBAI, Dec 30 (Reuters) – The Indian rupee is expected to open little changed on Tuesday, hovering near the 90-per-dollar mark, with expectations of RBI support countering underlying dollar demand. The 1-month non-deliverable forward indicated the rupee will open largely flat, having settled at 89.9750 on Monday. The previous session marked a fifth straight decline for the rupee, in which it slipped to an intraday low of 89.9875. After climbing to around 89.25 in the wake of heavy the Reserve Bank of India intervention, the currency has been on a weakening path. The pace of losses has remained measured though,

Trump repeats claim of ending conflict between India and Pakistan during meeting with Netanyahu

New York, Dec 24 (PTI) US President Donald Trump has repeated his claim of resolving the India-Pakistan conflict during his bilateral meeting with visiting Israeli Prime Minister Benjamin Netanyahu. As Trump began his bilateral meeting with Netanyahu and his delegation at Mar-a-Lago in Palm Beach, Florida Monday, he said that he had solved eight wars so far in the first year of his second term in the White House. He said he stopped the war between Armenia and Azerbaijan, threatening the countries with tariffs, as well as other conflicts, but is not given credit for it. He then repeated his

India’s domination of global rice trade stokes looming water crisis

NEW DELHI, Dec 30 (Reuters) – When India overtook China as the world’s largest producer of rice this year, the country’s politicians and agriculture lobby marked the moment by praising resilient farmers and innovative government policy. India has nearly doubled the amount of rice it exported over the past decade, with shipments crossing 20 million metric tons in the latest fiscal year. But many rice farmers in the country’s agricultural heartlands are in a less celebratory mood. Interviews with growers, government officials and farm scientists, as well as a review of groundwater data, reveal widespread concern that thirsty rice crops

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