The rupee on Tuesday opened 12 paise higher at 73.37 against the US dollar tracking gains in the domestic equity markets, easing crude oil prices and weakness in the dollar index. On Monday, the local currency pared most of its gains in the latter half of the session following weakness in the domestic equities. Market … Read more
Snapping its two-day losing streak, the rupee rebounded by 5 paise and settled at 73.55 (provisional) against the US dollar on Wednesday, even as the domestic equity market was trading with significant losses. At the interbank forex market, the domestic unit opened at 73.67 against the US dollar, and finally ended the day at 73.55, … Read more
NEW DELHI: Gold and silver prices rose in Friday’s early trade, tracking the global trends in precious metals. Meanwhile, India continued to report the highest number of daily cases in the world which also lifted bullion’s appeal. The head of the Chicago Federal Reserve on Thursday called on Congress to deliver more fiscal aid and … Read more
The rupee stalled its three-session winning run on Monday, sliding 21 paise to 73.60 against the US dollar after fresh tensions along the India-China border dented forex market sentiment. At the interbank forex market, the domestic unit opened on a strong note at 73.26 but lost momentum as the trade progressed and finally ended at … Read more
New Delhi: old ETFs witnessed an inflow of Rs 921 crore in July, a surge of 86 per cent from the preceding month, as new investors rushed to add the precious metal in their portfolios in view of higher prices. With this, net inflow in a gold exchange traded fund or ETF category has reached … Read more
Mumbai: The rupee pared some of its initial losses and settled 3 paise down at 75.04 (provisional) against the US dollar on Tuesday, even as domestic equity market was trading with significant gains. The rupee opened weak at 75.13 at the interbank forex market, then pared some of its early losses to settle at 75.04 … Read more
By Gregor Stuart Hunter The sliding U.S. dollar is buttressing the case for a further recovery in Asian shares despite jitters caused by spikes in coronavirus cases. The drop in the greenback — about 4% in July alone — may spur flows to Asian markets, fund managers and strategists said. The MSCI Asia Pacific Index … Read more