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Rupee closes at new low of 84.86/$ on global cues

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MUMBAI: The rupee ended at a new closing low of 84.86 against the US dollar down nearly seven paise from its previous close of 84.79. The rupee had hit a new low of 84.88 in intraday trade on Thursday but had recovered on Friday following a recovery in the equity markets.
Monday’s weakening was largely on the back of global cues with a weaker Chinese Yuan and rising US bond yields. A weaker Yuan also pushes down the rupee because of trade pressures while rising bond yields reverses capital flows from emerging markets to the US.
The Chinese Yuan came under pressure following a drop in retail sales which came on the back of China’s Central Bank stating that it may reserve cash reserve requirements further – a move that could put pressure on the exchange rate.
The dollar index remained steady at 106.88, with market participants eagerly awaiting the US Federal Reserve’s interest rate decision on Wednesday. The Fed is expected to cut rates by 25 basis points on Wednesday, however dealers are expecting the future guidance to be uncertain following the incoming President-elect Donald Trump’s administration’s stand on tariffs.
Despite the recent bout of depreciation, the domestic currency was an outperformer when compared to several of its Asian peers the government said in response to a parliament query last week.





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Stock market holidays 2025: BSE, NSE release holiday calendar for 2025 – check full list of month-wise stock market holidays

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The first stock market holiday of 2025 will be on February 26 for Mahashivratri celebrations.

Stock market BSE, NSE holidays 2025: The stock exchanges in India have announced 14 trading holidays for 2025. In February, May, November and December there will be one holiday, while March and August will have two holidays each. April and October will see three trading holidays each.
This schedule was released by the stock exchange authorities a few days ago

BSE, NSE Stock Market Holidays 2025: Full list

Date Day Holiday
February 26, 2025 Wednesday Mahashivratri
March 14, 2025 Friday Holi
March 31, 2025 Monday Id-Ul-Fitr (Ramadan Eid)
April 10, 2025 Thursday Shri Mahavir Jayanti
April 14, 2025 Monday Dr. Baba Saheb Ambedkar Jayanti
April 18, 2025 Friday Good Friday
May 01, 2025 Thursday Maharashtra Day
August 15, 2025 Friday Independence Day
August 27, 2025 Wednesday Ganesh Chaturthi
October 02, 2025 Thursday Mahatma Gandhi Jayanti/Dussehra
October 21, 2025 Tuesday Diwali Laxmi Pujan*
October 22, 2025 Wednesday Diwali-Balipratipada
November 05, 2025 Wednesday Prakash Gurpurb Sri Guru Nanak Dev
December 25, 2025 Thursday Christmas
**Muhurat Trading will be conducted on Tuesday, October 21, 2025. Timings of Muhurat Trading shall be notified

subsequently

  • The first stock market holiday of 2025 will be on February 26, Wednesday, for Mahashivratri celebrations.
  • March holidays are scheduled for the 14th (Friday) for Holi and 31st (Monday) for Id-Ul-Fitra (Ramzan Id).
  • Three holidays in April fall on the 10th (Thursday), 14th (Monday) and 18th (Friday), marking Shri Mahavir Jayanti, Dr. Baba Saheb Ambedkar Jayanti and Good Friday respectively.
  • Maharashtra Day will be observed on May 1 (Thursday). The markets will be closed on August 15 (Friday) for Independence Day and August 27 (Wednesday) for Ganesh Chaturthi.
  • October’s three holidays include Mahatma Gandhi Jayanti/Dussehra on October 02 (Thursday), Diwali on October 21 (Tuesday), and Diwali Balipratipada on October 22 (Wednesday).
  • The exchanges will conduct Muhurat Trading on Tuesday, October 21, 2025, with timing details to be announced later.
  • Trading will be suspended on November 5 (Wednesday) for Prakash Gurpurb Sri Guru Nanak Dev Jayanti and December 25 (Thursday) for Christmas.

Several holidays coincide with weekends: Republic Day (January 26), Shri Ram Navami (April 06) and Muharram (July 06) fall on Sundays, whilst Bakri Id occurs on Saturday, June 7.





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Indian Railways plans centrally heated sleeper train, special Vande Bharat chair car for Kashmir – check features

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For the Katra-Baramulla route, an eight-coach Vande Bharat train with chair car seating will be introduced. (AI image for representative purpose)

Indian Railways eyes two special trains for Jammu & Kashmir! Indian Railways plans to introduce two new train services to enhance Kashmir connectivity in the coming month.
A centrally heated sleeper train will operate between New Delhi and Srinagar, offering a 13-hour journey through snow-covered mountains and across the 359-m-high Chenab Bridge, which is the world’s highest railway arch bridge. The train will provide premium comfort but will not include second-class sleeper coaches, sources told ET.
Previously it was being speculated that the Vande Bharat sleeper would debut on the Kashmir route, but that doesn’t appear to be the case now.

Vande Bharat for Katra-Baramulla Route in Jammu & Kashmir

  • For the Katra-Baramulla route, an eight-coach Vande Bharat train with chair car seating will be introduced, a senior railway official told the financial daily.
  • The Vande Bharat Express for Jammu & Kashmir also incorporates specialised features including silicon heating pads for water tanks to prevent freezing, and toilets with warm air circulation through specially designed ducts.
  • In a first for Indian Railways, the loco pilots’ front glass contains embedded heating elements to prevent frost formation in sub-zero temperatures.
  • The service will reduce the 246-km Katra-Baramulla journey time to three-and-a-half hours, significantly faster than the current 10-hour bus journey. Baramulla railway station lies 57 km beyond Srinagar.

Jammu & Kashmir Train Connectivity

Jammu & Kashmir Train Connectivity

Katra, which serves as the entry point to the Mata Vaishno Devi shrine and attracts numerous pilgrims, currently has a 16-coach Vande Bharat Express connection to New Delhi operating six days weekly.
The railway official said, “Once the Katra-Baramulla Vande Bharat becomes operational, likely by late next month, passengers will be able to seamlessly journey from New Delhi to Katra in our existing Vande Bharat and then transfer to the new service to reach Srinagar or Baramulla.”





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