Rupee May Open Lower As Global Funds Sell Stocks

The rupee may open lower amid outflows from local stocks and after the dollar strengthened on Wednesday.

  • India plans some tax exemptions in its budget due February, possibly the final step required for the nation’s sovereign bonds to be included in global indexes, according to people familiar with the matter.
  • Finance Minister Nirmala Sitharaman will propose to exempt Euroclear settlements from tax, the people said, asking not to be identified as the plans are private. If lawmakers approve the budget on schedule, Indian bonds could be eligible for index inclusion by the end of March, they said.

SIS Has 1.79% Equity Exchange Hands In A Bunch Trade

SIS Ltd. has 26.3 lakh shares or 1.79% equity change hands in a bunch trade.

Buyers and sellers were not immediately known.

Dream Sports Scores $840 Million Funding At $8 Billion Valuation

Sports tech startup Dream Sports secured $840 million at a $8 billion valuation from investors led by Falcon Edge, DST Global, D1 Capital, Redbird Capital and Tiger Global.

Existing backers TPG Capital and Footpath Ventures also participated.

Rupee May Open Lower As Global Funds Sell Stocks via @goldsilverrepor
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