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Gold prices hit a more than six-month high on Monday, firming above the $2,000 per ounce level, as a weaker dollar and expectations of an end to US interest rate hikes lifted demand. Spot gold was up 0.6 percent at $2,013.99 per ounce by 1311 GMT, after reaching its highest since May 16. US gold…
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The country’s largest carmaker Maruti Suzuki India on Monday said it will increase vehicle prices in January 2024, citing cost pressure driven by the overall inflationary environment and increased commodity rates. The company — which sells a range of vehicles from entry-level small car Alto to multi-utility vehicle Invicto, priced between Rs 3.54 lakh and…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated by 9 paise to 83.19 against the U.S. dollar in early trade on November 2, tracking its Asian peers as risk-on sentiments prevailed in the market as the U.S. Fed was a bit dovish in its policy meeting. A weak U.S. dollar…
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Image used for representational purpose. V. Sudershan | Photo Credit: V. Sudershan The rupee paused its three-day downward move and settled flat at 83.25 (provisional) against the U.S. dollar on October 27, as the support from positive domestic equities was negated by surging crude oil prices. Forex traders said the rupee consolidated in a narrow…
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Image used for representational purpose only. | Photo Credit: Reuters The rupee appreciated by 38 paise to 82.75 against the U.S. dollar in early trade on September 22, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Forex traders said the decision of JPMorgan Chase & Co to include Indian government…
Read More “Rupee rises 38 paise to 82.75 against U.S. dollar in early trade” »
Image used for representational purpose only. | Photo Credit: PTI The rupee consolidated in a narrow range and settled 5 paise higher at 83.06 (provisional) against the U.S. dollar on September 21 as crude oil price receded from its elevated level. The rupee was also weighed down by a rising dollar index, following hawkish comments…
Read More “Rupee rises 5 paise to close at 83.06 against U.S. dollar” »
Representational image | Photo Credit: AMIIT DAVE Shares of Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based ‘opaque’ investment funds managed by partners of promoter family of billionaire Gautam Adani. The conglomerate denied the…
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File picture of people standing next to a logo of Jio Financial Services ahead of its listing ceremony at the BSE in Mumbai, on August 21, 2023 | Photo Credit: Reuters Shares in India’s Jio Financial Services (JFS) slid the maximum allowed 5% for a second straight day on Tuesday, which will likely delay their…
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File. | Photo Credit: Paul Noronha Benchmark equity indices fell on August 8 as investors turned cautious ahead of the key events — RBI’s monetary policy and the U.S. inflation data — due to be announced later this week. Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for…
