Rupee Continues to Fall Under Robust Demand for US Dollar
Rupee continued to fall for the sixth time in seven trading sessions on Wednesday (June 4, 2025) under robust demand for the US dollar. The Indian National Rupee slipped past 86 to the US dollar. The fall is attributable to the bullish bets made by traders for the USD. The day saw the rupee falling to 86.025 before recovering to end the day at 85.90. It was 0.4% lower than the previous day's close.
Huatai Securities
Huatai Securities Co., Ltd. was officially opened in Nanjing on May 26, 1991, formerly known as Jiangsu Securities Company, and was renamed as Huatai Securities Co. in March 1999 with an increased registered capital of RMB 850,320,000, and was approved as a comprehensive securities company in the same year. On November 30, 2009, the Issuing and Examining Committee of China Securities Regulatory Commission formally approved the IPO application of Huatai Securities. On June 17, the global depositary receipts issued by Huatai Securities Co. were listed for trading on the LSE. Huatai Securities is one of the first comprehensive brokerages approved by the China Securities Regulatory Commission and one of the earliest brokerages in China to be qualified as an innovation pilot. Huatai Securities is now a large enterprise managed by the State-owned Assets Supervision and Administration Commission of the People's Government of Jiangsu Province, with net assets of over RMB 10 billion. Huatai Sec
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WTI hovers around $77.00 with a positive momentum, focus shifts to US PCE, Oil Rig Count
West Texas Intermediate (WTI) oil price pauses its two-day winning streak but is anticipated to conclude the week on a positive note, trading near $77.00 per barrel during the Asian session on Friday.
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