Latest Updates Around The World
The rupee rose 5 paise to 90.67 (provisional) against the US dollar on Wednesday, driven by foreign fund inflows and positive domestic equity markets. However, higher global crude prices and a strengthening dollar blocked sharp gains in the local unit, forex traders said. At the interbank forex market, the rupee opened at 90.60 against the […]
The dollar held on to its gains on Monday as investors weighed what a Federal Reserve under Kevin Warsh might look like, with his preference for a smaller balance sheet. The yen was also back on traders’ radar after Japanese Prime Minister Sanae Takaichi discussed the benefits of a weaker yen in a campaign speech […]
The Indian rupee rose slightly on Tuesday, helped by a generally weaker dollar and the boost from a landmark trade deal between India and the European Union that is expected to cut tariffs on almost all Indian exports.The rupee closed at 91.72 per dollar, up 0.2% from Friday’s closing level. Indian financial markets were closed […]
The Indian rupee ended weaker on Monday after a decline in local stocks and a marginal decline in Asian currencies weighed on the currency, while traders remained cautious about speculative positions as the rupee settles into a new trading range.The local currency closed at 90.07 per US dollar, down 0.1% on the day. Probable outflows […]
The Indian rupee posted a monthly decline to close just shy of its record low on Friday, largely supported by central bank interventions that countered outflow pressures and an increased willingness to bet against the currency.The rupee closed at 89.4575 against the US dollar, down 0.6% on the month and just a fraction away from […]
Gold and silver prices fell in early trading on Tuesday, November 18, amid waning expectations for a US interest rate cut as investors await the release of delayed US economic reports this week. The lack of US data over the past six weeks, coupled with hawkish comments from several Fed officials, has dampened hopes for […]
After a four-hour delay in the start of trading on the MCX, gold and silver futures opened lower on Tuesday, extending their losses for the second straight session, tracking weakness in global markets and reducing demand for safe havens. On the Multi-Commodity Exchange (MCX), gold futures traded at Rs 1,18,864 per 10 gram in December, […]
What’s happening in the raw materials world? Will the gold price rise next? To find out, ET Markets spoke to Anand Rathi’s Naveen Mathur, who explains what’s driving the currency and bullion markets amid global uncertainty and rate tensions. He also analyzes the recent movements in the dollar and rupee and highlights the key support […]
Gold is consistently on top or on the same footing with shares. Billions of dollars are issued by global investors year after year in Hedgefonds performance costs, Sell-side stock research and brokerage costs to gain access to advanced fund management or stock recommendations that are spectacularly underperforming gold. In general, gold has consistently come on […]
Golden October Futures Prices open higher with RS 539 or 0.5% on RS 1.09.520/10 grams on the MCX in Friday’s session, supported by expectations of an American federal reserve rate that will leave next week. In the meantime, Silver December Futures reached a lifelong height of RS 1.28.294/kg, with almost 1%. Gold prices on the […]
