Before Market Opens: 9 essential things to know at 9 am on April 2, 2024
₹522.30 crore, while domestic institutional investors (DIIs) purchased ₹1,208.42 crore worth of stocks on April 1, provisional data from the NSE showed. The Indian rupee is likely to track moves in major Asian currencies this week, while bond and currency traders will keep an eye on the Reserve Bank of India’s (RBI) monetary policy decision due on Friday.
The rupee ended slightly lower at 83.40 on Thursday, but was little changed week-on-week as likely intervention from the RBI curbed losses in the local unit, which was pressured by dollar demand from companies and debt-related outflows. Indian currency and debt markets were closed on Friday and Monday.
US manufacturing grew for the first time in 1-1/2 years in March as production rebounded sharply and new orders increased, but employment at factories remained subdued and prices for inputs pushed higher. The Institute for Supply Management (ISM) said on Monday that its manufacturing PMI increased to 50.3 last month, the highest and first reading above 50 since September 2022, from 47.8 in February.
The rebound ended 16 straight months of contraction in manufacturing, which accounts for 10.4 percent of the economy. That was the longest such stretch since the period from August 2000 to January 2002.Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
