Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks stay in positive trend at midday
Bangladesh’s stocks maintained the positive trend at midday on Wednesday amid modest volatility as optimistic investors continued to take position on sector-wise large-cap stocks.
Indian rupee weakens to 64.44 on FII outflows; RBI policy outcome eyed
The Indian rupee depreciated by 6 paisa to 64.44 against the dollar at the interbank forex market today ahead of the announcement of RBI’s monetary policy amid foreign fund outflows.
Sensex down 88 points; RBI policy outcome eyed
The Sensex and Nifty opened the session marginally lower as traders adopted a cautious approach ahead of RBI monetary policy outcome later today. Weak Asian cues also dampened the domestic sentiment.
Asia markets decline across the board
Asia markets mostly fell across the board on Wednesday, following overnight declines in U.S. stocks. The S&P 500 posted its first three-day losing streak since August.
Gold little changed despite weaker dollar
Gold was mostly unchanged in Asian trade on Wednesday after sliding to a two-month low in the previous session, despite a slightly weaker dollar.
Oil dips on rising US fuel stocks, but OPEC’s supply cuts offer support
Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand.