GST, tariff hopes lift rupee; up 40 paise versus dollar
India Business News: The Indian rupee surged, marking its largest daily gain in a month, driven by optimism surrounding potential US tariff easing following international Source
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Hybrid mutual fund inflows jump over 160% YoY in June
ICRA Analytics noted that arbitrage funds led the hybrid segment with net inflows of ₹15,585 crore. Multi-asset allocation funds added ₹3,210 crore. Balanced advantage funds brought in ₹1,886 crore. Source
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Stock markets decline in early trade halting 6-day rally; IT,
Equity indices drop after week-long rally, IT and bank stocks drag, global factors weigh on markets. Source
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Crude Oil Little Changed After Hitting One-Week Low, Oversupply Concerns
Brent crude futures were unchanged at $68.76 a barrel by 0036 GMT while US West Texas Intermediate crude was at $66.27 a barrel, down 2 cents, or 0.03%. Source
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Govt waives 11% duty on cotton imports for 40 days
India Business News: To combat rising input costs for textile mills, the government has temporarily eliminated customs duties on raw cotton imports for a 40-day period, ef Source
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IDF Strike Kills Al Jazeera’s Anas Al Sharif & 4
Al Jazeera journalist Anas al-Sharif has been killed alongside four colleagues in an Israeli attack on a tent in Gaza CitySeven people were killed overall in the attack on the tent located outside Gaza City’s al-Shifa Hospital on Aug 10 n18oc_world n18oc_crux Source
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Why SIP discipline may matter more than frequency
SIP frequency may offer some flexibility, but it’s the clarity of purpose and long-term commitment that determine investment success. Source
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Reconsider referring to Digha temple as Jagannath Dham, Odisha CM
In a letter to Banerjee, Majhi said using the term for any other temple or location other than the 12th-century Jagannath Temple in Puri hurts the sentiments of millions of devotees. Source
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Rupee declines 11 paise to 87
Rupee weakens against dollar due to increased demand, but gains support from FII inflows and lower oil prices. Source
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NSDL IPO GMP Falls Ahead Of Listing Tomorrow; Check Details
The grey market premium (GMP) of National Securities Depository Ltd (NSDL) has slightly fallen to 15.5% today, August 5, compared with 15.75% yesterday. Source
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