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Tag: News

  • As crude oil prices fall, the rupee climbs 12 paise to 77.93 against the dollar

    In early trade on Monday, the rupee rose by 12 paise to 77.93 versus the US dollar, owing to lower crude oil prices. However, currency dealers claimed that unrelenting foreign money outflows, a lackluster trend in local stocks, and a strong US dollar overseas limited the gain. The rupee began strongly at 77.98 versus the […]

    June 20, 2022

  • Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg

    On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the US Federal Reserve raised interest rates for the […]

    June 16, 2022

  • In early trade, the rupee rises 2 paise to 78.02 versus the US dollar

    In early trade on Tuesday, the rupee bounced back from an all-time low against the US dollar, rising 2 paise to 78.02. The rupee began at 78.02 versus the dollar on the interbank foreign exchange, up 2 paise from its previous close. In early trade, the native currency soared to 77.90 versus the US dollar, […]

    June 14, 2022

  • In early trade, the rupee fell to an all-time low of 78.29 versus the US dollar

    In early trade on Monday, the rupee fell 36 paise to an all-time low of 78.29 versus the US dollar, reflecting the strength of the US currency outside as investors rushed to the safe-haven currency amid an overall risk-averse mood. Investor morale was pulled down by weak Asian currencies, a lacklustre trend in local stocks, […]

    June 13, 2022

  • Rupee falls 8 paise versus the dollar, reaching a new low of 77.82.

    In early trading on Friday, the rupee fell 8 paise to a new low of 77.82 versus the US dollar, reflecting the greenback’s rise in the international market. At the interbank foreign exchange, the rupee began weakly versus the dollar at 77.81, before losing momentum to quote at 77.82, an all-time low, a drop of […]

    June 10, 2022

  • In early trade, gold is up Rs 270, while silver is up Rs 62,200 per kilogramme

    On Friday, the price of gold rose by Rs 250 from the previous day’s closing to Rs 52,310 for a gramme of 24-carat gold. In the meantime, a gramme of 22-carat gold costs Rs 47,950. Although gold is utilised as an inflation hedge, rising interest rates raise the opportunity cost of owning the non-yielding asset. […]

    June 10, 2022

  • The stock prices of MRPL and Chennai Petroleum have risen by 19% as a result of positive business prospects

    In an otherwise sluggish market, shares of Mangalore Refinery & Petrochemicals (MRPL) and Chennai Petroleum Corporation (CPCL) soared up to 19% and touched 52-week highs on Tuesday’s session on the BSE amid strong volumes. The fact that the Singapore gross refining margin (GRM) has risen to a new high of $25.2 per barrel is good […]

    June 7, 2022

  • Dollar continues 20-year high vs yen amid inflation fears; Aussie falls

    The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc. It also rose against the Australian dollar, with the market divided on whether the country’s […]

    June 7, 2022

  • Ahead of the RBI policy announcement, India’s 10-year bond rate reaches 7.5 percent, the highest level since 2019

    In early trade on Monday, India’s benchmark 10-year bond yield hit its highest level since March 2019 as investors braced for a 50-basis-point rate hike later this week while rising global crude oil prices weighed on the mood. The 10-year bond yield in India was trading at 7.4965 percent, up 4 basis points from the […]

    June 6, 2022

  • The Sensex drops 236 points in turbulent trade, reversing early gains

    On Tuesday, equity indices failed to hold onto their morning gains, with the Sensex dropping 236 points due to a sell-off in information technology firms and negative global market trends. The 30-share BSE benchmark opened higher but was unable to maintain its gains, falling 236 points, or 0.43 percent, to 54,052.61. It traded between 53,886.28 […]

    May 25, 2022

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