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Monday 07 Jul, 2025 08:33 AM

Rajshree Polypack bags Rs 3-cr supply order Power and Instrumentation secures Rs 3-cr work order from Nyati Engineering & Construction RVNL bags Rs 143 cr LoA from Southern Railway for traction system upgrade in Tamil Nadu Dhanlaxmi Bank gross advances rises 17% YoY in Q1 FY26 Texmaco Rail secures Rs 36-cr wagon order from TCI Hazoor Multi Projects bags Rs 913-cr solar order from Apollo Green Energy BEML secures $6.23 million export orders Shakti Pumps raises Rs 292.6 crore via QIP; PineBridge, LIC MF among top investors Bank of Maharashtra's total deposits climb 14% YoY to Rs 3.05 lakh crore in Q1 GPT Infraprojects bags supply contract from Bangladesh-based Standard Engineers Lupin launches generic version of anticholinergic medication Ipratropium bromide in United States India Ratings affirms ratings of Polyplex Corporation with 'stable' outlook Nuvama Wealth Management Ltd leads losers in 'A' group Crisil Ratings reaffirms ratings of GIC Housing Finance at 'AA+/A1+' with 'stable' outlook Dreamfolks Services Ltd leads losers in 'B' group

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Euro consolidates ahead of key data releases

03-Jul-25 13:07 Hrs IST

Euro consolidated after hitting four-year high against the US dollar today as market waited for key data for both the currencies. US dollar has been under extreme stress recently. The US central bank could start rate cuts this month after Fed Chair Jerome Powell, asked if July was too soon to consider rate cuts, said he can't say it but that the decision would depend on the economic data. EUR/USD pair moved near 1.1900 mark following this but seems to be stabilizing now. EUR/USD currently quotes at 1.1860, up marginally on the day. On the NSE, EUR/INR futures are trading at 101.03, almost unchanged on the day. Meanwhile, final composite Purchasing Managers' survey from the euro area is due today and US will release all important nonfarm payrolls data for June later on in the evening.

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