MUMBAI: The rupee fell to a record low of 84.73 against the dollar on Monday, weakening 0.2% for its worst single-day decline since June 4. It touched an intraday low of 84.73 before closing at 84.70 – 14 paise weaker than Friday’s close. This was driven by strong dollar demand in the non-deliverable forward (NDF)…
Representative image With the ongoing festive season and Diwali around the corner, the prices of gold may be set to touch Rs 80,000/10 gram, believe analysts as the yellow metal has maintained its upward trajectory for the third consecutive year. With Diwali just three weeks away, we are entering a major festival season in India….
NEW DELHI: Foreign investors have turned net sellers in Oct, offloading shares worth Rs 27,142 crore in just the first three days of the month due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese stock markets.The outflow came after FPI investment reached a nine-month…
Representative image New Delhi: Gold and Silver prices are on an upward trajectory backed by firm demand, and the steam seems to remain till the end of this festival season. In the current financial year, gold and silver prices have appreciated by nearly 10 and 24 per cent, respectively. “From Indian perspective, with the customs…
NEW DELHI: Congress on Saturday levelled fresh allegations of conflict of interest against Sebi chief Madhabi Puri-Buch, accusing her of making “high value investments” outside India including Chinese firms, amid rising geopolitical tensions with the neighbouring country.The grand old party also accused Buch of trading in listed securities while being in possession of unpublished price…
The United States plans to accuse Russia of a campaign to influence the 2024 elections using online platforms to target American voters with disinformation, reported news agency AP citing sources.Russian state media network RT will be a focus of the announcement, CNN reported.The news comes just hours before Attorney General Merrick Garland is due to…
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to…
NEW DELHI: Air India and western airlines flying to India have started avoiding overflying Iran due to the looming threat of escalating tension in the region — increasing flying time between India and the west by about an hour. US President Joe Biden has said he expects Iran to attack Israel “sooner than later.” There…
