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Stock market today: Downtrend in Vedanta shares continued for third straght session during Friday morning deals. Vedanta share price today opened higher at ₹228.50 per share levels but profit booking triggerd within few minutes of stock market's opening bell and the stock hit new 52-week low of ₹222.55 apiece on NSE.

TOKYO (Reuters) — The Bank of Japan maintained ultra-low interest rates on Friday and its dovish guidance on future monetary policy, signalling it is in no rush to phase out its massive monetary stimulus.

Ether (ETH) has seen a 36% year-to-date increase in its price in 2023 in U.S. dollar terms. This recovery, however, is modest given that ETH is currently trading 66% below its November 2021 peak of $4,870.

By Lucia Mutikani

₹8.2 trillion since the pandemic, outpacing the increase in gross financial savings at ₹6.7 trillion, thus explaining the fall in household net financial savings by ₹1.5 trillion / 2.5% of GDP. On the asset side of households, there was an increase of ₹4.1 trillion in insurance and provident and pension funds," SBI Report said.

Bank of England later this week, which is expected to yield a final rate rise in the current cycle. Sterling was last unchanged on the day against the dollar at $1.2382, just above Monday's session trough of $1.2371, its weakest since early June, and flat against the euro at 86.36 pence. The BoE meets on Thursday and money markets show traders widely expect to see one final quarter-point hike to 5.50%, but no realistic prospect of a rate cut until next summer.Inflation has fallen to 6.8% from a 41-year peak of 11.1% last October, but it is still the highest among major economies and progress in bringing it down has been far slower. Consumer inflation in the United States has fallen to 3.7% from last June's 9.1% rate, while in the euro zone, inflation is running at 5.3%, almost half last October's 10.7% reading. UK growth, meanwhile, is slowing more than most economists expected, after strikes in hospitals and schools and unusually wet weather weighed on output in July. Against that backdrop, a Reuters poll of economists last week showed a significant minority believe the BoE has room to raise rates at least once more this year after September. However, expectations for the BoE have softened in the past few weeks. Back in June, money markets showed traders believed UK rates could hit 6% by the middle of 2024, as the central bank was forced to keep tightening monetary policy to tackle inflation. «With the BoE market pricing now more reasonable, and sterling positioning still long, we think it will be harder for GBP to stage fresh rallies in the near term.

rupee which was at risk of slipping to a record low, four traders told Reuters. The rupee was at 83.2425 to the U.S.

The jute industry is concerned over a threat of a 30-50 per cent production cut in three months till November, compared to the same period last year, because of a low demand for packaging material for foodgrains from various states, a senior official said on Tuesday.

Net financial savings of households fell to a nearly five-decade low of 5.1% of GDP in FY23, down from 7.2% in FY22, Reserve Bank of India (RBI) said on Monday. The numbers suggest a severe income crunch and likely transience of the post-pandemic rise in consumption.

Trudeau on Tuesday stating in his country’s parliament that the security agencies were investigating a link between the “agents” Indian government and the killing of Hardeep Singh Nijjar earlier this year. Canadian Foreign Minister Melanie Joly said that a top Indian diplomat posted in the country has been expelled based on the “investigations” in what would be the first such action against an Indian diplomat posted in the West. The Indian government is expected to react strongly during the course of the day on these developments. «Canadian security agencies have been actively pursuing credible allegations of a potential link between agents of the Government of India and the killing of a Canadian citizen, Hardeep Singh Nijjar,» Trudeau said while speaking at the House of Commons in Ottawa on Tuesday. "Canada has declared its deep concerns to the top intelligence security officials of the Indian government. Last week, at the G20, I brought them personally and directly to Prime Minister Modi in no uncertain terms," the Canadian Prime Minister said. Trudeau urged the Indian government to «cooperate with Canada to get to the bottom of this matter» and reiterate its position on «extra-judicial operations» in another country. «If proven true, this would be a great violation of our sovereignty and of the most basic rule of how countries deal with each other,» Joly said.

Liquidity in the banking system has slipped into its deepest deficit in almost six months, inflating borrowing costs, as outflows due to corporate advance taxes and the Reserve Bank of India's likely actions to stabilise the rupee have drained lenders of funds. As of September 16, the RBI infused ₹68,785.94 crore into the banking system, the most since March 24, central bank data showed. An injection of funds by the RBI into the banking system indicates tight liquidity conditions. An ET report last week said advance tax collections in the first half of this fiscal year have increased 20% on-year to ₹3.54 trillion. «Advance taxes have gone out and GST is coming up, so there can be some tightness of liquidity. Having said that, in about 10 days or so, liquidity will be coming back into the system. In our view, the RBI would be happy with a liquidity range of say minus ₹50,000 crore to plus ₹50,000 crore from a broader perspective,» Indranil Pan, chief economist, Yes Bank, said. «While the advance tax outflows and the GST are relatively normal factors where the flows will come back into the system, the bigger concern from a structural liquidity perspective is the currency sale by the RBI,» Pan said.

The Indian central bank is possibly selling dollars via public sector banks, with the rupee just shy of a record low, six traders told Reuters. The rupee was at 83.2025 to the U.S. dollar, down from 83.09 at open and within a whisker of the lifetime low of 83.29.

Even during the Global Financial Crisis, opinions of the Bank of England remained positive

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Climate change and global warming have played a devastating role in maintaining the ecological balance of the planet earth. As per satellite data a new worrying benchmark for Antarctica shows that the sea-ice surrounding the region is well below any previous recorded winter level, reported BBC. "It's so far outside anything we've seen, it's almost mind-blowing," BBC quoted Walter Meier, who monitors sea-ice with the National Snow and Ice Data Center, as saying.

₹13,000 crores on the 'PM Vishwakarma' scheme, said Prime Minister Narendra Modi on 17 September at the launch of the scheme, calling this a ray of hope for artists and craftspersons. Addressing the gathering at the launch of the scheme, PM Modi said, "Today, it is the need of the hour to recognise our Vishwakarma partners and support them in every possible way.

A long stretch of hot, dry weather has left the Mississippi River so low that barge companies are reducing their loads as shipping costs soar

Narendra Modi for not sending an invitation to Chief Minister Arvind Kejriwal for the inauguration of the Delhi Airport Metro Express line. Ahead of the inauguration, Kakkar took to X, and accused PM Modi of «low-level politics». Prime Minister Narendra Modi on Sunday inaugurated the extension of the Delhi Airport Metro Express line from Dwarka Sector 21 to a new metro station 'YashoBhoomi Dwarka Sector 25'. «Today the Prime Minister will inaugurate the „Airport Express Line“ in Delhi. Delhi Government bears 50 per cent of the expenses of Delhi Metro but Modi ji does small politics of „I, Me and Myself“, that is why he did not consider it necessary to send an invitation to Delhi Chief Minister Arvind Kejriwal». Taking a dig at PM Modi, the AAP leader said, «Your low-level politics is not liked by people of Delhi». «Delhi belongs to its people, Prime Minister, that is why you could never win because your heart is small and low level politics is not liked by the people of Delhi,» she added. After the inauguration, the Prime Minister took a ride on the Delhi Metro.

Airtable, a low-code platform for building collaborative apps, has announced to lay off about 27% of the workforce, or 237 employees, in the second round of job cuts. According to Forbes, the cuts are part of a strategy to focus the company on winning large enterprise clients while also controlling spending.

India and Canada have hit a new low as Canadian trade minister Mary Ng has 'postponed' a planned trade mission to Mumbai next month without giving any explanation. The move comes after Canadian Prime Minister Justin Trudeau's not-so-happy trip to India for the G20 Summit this month that also involved an extended stay here due to a snag in his flight. Ng was to come to Mumbai on October 9 along with Canadian businesses for a five-day trip known as a 'Team Canada' trade mission to revive bilateral trade talks that are currently paused, review trade ties, and meet industry representatives. «At this time, we are postponing the upcoming trade mission to India,» a spokesperson for the minister said without giving a reason, as per a Reuters report. The relationship between Canada and India has been showing signs of strain in recent times with the Trudeau government taking limited steps to address India's concerns over anti-India activities in Canada. Last Sunday, Prime Minister Narendra Modi conveyed India's concerns to Trudeau following the G20 Summit here. Officials here said extremist elements in Canada are promoting secessionism and inciting violence against Indian diplomats, damaging diplomatic premises, and threatening the Indian community in Canada and their places of worship. They said the nexus of such forces with organised crime, drug syndicates and human trafficking should be a concern for Canada as well. Modi had told Trudeau that it is essential for the two countries to cooperate in dealing with such threats.

foreign exchange (forex) reserves fell to an 11-week low of $593.90 billion as of September 8 - a decrease of $5 billion from the previous week, Reserve Bank of India's (RBI) data showed on Friday, September 15. Forex reserves had risen by $4 billion in the week to September 1. In the previous reporting week, the kitty had jumped $4.039 billion to $598.897 billion.