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Data shows outward remittances under the Liberalised Remittance Scheme fell in June. The Reserve Bank of India bulletin revealed an 8% month-on-month drop to $2.13 billion. However, investments in equity and debt abroad nearly doubled. Travel spending decreased to $1.2 billion. Overseas education expenditure also saw a slight dip to $138 million.

The S&P 500 and Dow reached record highs, fueled by strong AI demand despite Nvidia s slightly underwhelming forecast due to Sino-U.S. trade concerns. Investors interpreted Nvidia s revenue surge as confirmation of robust AI spending, boosting other AI stocks.

The dollar is poised for a 2% August drop against major currencies amid rising expectations of a Federal Reserve rate cut next month. President Trump s efforts to influence monetary policy, including a legal battle with Fed Governor Lisa Cook, have weighed on the dollar.

Gold prices are near a one-month high, buoyed by a weaker dollar and rising expectations of a U.S. Federal Reserve rate cut in September. Spot gold is holding steady at $3,413.80 per ounce, marking a 3.6% gain this month. Investors are keenly awaiting the U.S. Personal Consumption Expenditures (PCE) Price Index for further clues on the Fed s rate path.

Oil prices experienced a slight dip on Friday, yet they are poised to conclude the week with gains. This movement is influenced by anticipated lower U.S. demand as the summer driving season concludes, coupled with uncertainties surrounding Russian oil supply following Ukrainian attacks. Investors are also wary of potential tighter sanctions against Russia and the impact of U.S.

In June, the Reserve Bank of India (RBI) became a net seller of dollars, offloading $3.66 billion in the spot foreign exchange market, according to its monthly bulletin. This intervention involved purchasing $1.16 billion and selling $4.82 billion. The rupee depreciated by 0.2% against the dollar during June, trading between 85.3025 and 86.8925.

Sugs Lloyd s Rs 85.66 crore IPO opens this Friday, offering 69.64 lakh equity shares at Rs 117-123 each. The EPC company, specializing in renewable energy and civil projects, aims to utilize the funds for working capital.

Abril Paper Tech is launching its IPO soon. The IPO aims to raise Rs 13.42 crore. Subscription will begin on Friday and close on Tuesday. The company plans to list on the BSE SME platform in September. Proceeds will fund capital expenditure and working capital. The company manufactures sublimation heat transfer paper.

ARC Insulation and Insulators is set to debut on the NSE SME platform following a successful IPO that was oversubscribed 18.71 times. The company plans to utilize the Rs 41.19 crore raised for expansion, debt repayment, and working capital.