|Day's range||71.262 - 71.439|
|52-week range||68.2023 - 72.6200|
Forex traders said rupee is trading in a narrow range amid fast-spreading coronavirus outbreak in China stoking fears about more trouble for the global economy.
Rupee in Tuesday's trade opened tad higher at 71.37 versus previous close of 71.44.Oil again has headed lower for the sixth consecutive day as the spread of a new virus raised concerns of yet again slowing economy and weak demand for
Rupee in Monday's trade opened at 71.47 as against previous close of 71.33In bond market, yield on 10-year benchmark bonds stood stable at 6.58%. Oil on Monday declined further on Corona virus outbreak which is seen to disrupt demand for
Rupee trades lower at 70.32 versus its previous closing of 71.27 per dollar. In the bond market, yield on 10-year government bonds stood at 6.6%. Crude continues to slide on concerns over corona virus attack which is seen to disrupt
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Rupee opened flat in Tuesday's session at 70.1 versus its previous close of 71.11 per US dollar. For the third day in a row, rupee weakened on surge in crude oil price as two of the crude production bases began to
New Delhi: MobiKwik, India's leading FinTech Company, today announced that its Payment Gateway (PG) business unit (BU) will surpass revenues of Rs 1000 crores for the year 2021. The company doubled its revenue in the Payment Gateway business in 2019. MobiKwik has been demonstrating a focus on profitability overall; in the PG BU, the company broke even in April 2019 and has been profitable every month since then.
Rupee opened tad higher at 70.79 versus its previous close of 70.82 per US dollar.On Thursday, oil prices gained amid signing of an initial trade deal between the US and China that is expected to push the world economic growth. Also,
The Indian rupee on Wednesday retreated lower due to weakness in other Asian currencies. The weakness came in against backdrop of a report which states that tariffs on Chinese goods will likely continue even after the US election. At 9:45 am,
On Tuesday, the Indian rupee opened 13 paise higher at 70.73 against the US dollar after some selling in American currency by banks and exporters. The currency markets are tracking the optimism from the progress in the US and China's phase
On Monday, rupee opened at 70.79 versus its previous close of 70.94 per US dollar. On Monday, January 13, 2020, crude oil price retreated lower as tensions between the US and Iran eased. Nonetheless, the losses were kept curbed because of
On Friday, gold prices in India fell below the Rs 40,000 level as traders in the domestic and international markets booked profits made this week and moved to riskier assets like equity on easing Middle-East tensions. Gold futures on MCX slipped
Rupee in Friday's trade opened unchanged at 71.21 per US dollar. In Thursday's trade rupee gained after US-Iran seemed to not escalate the issues which boosted the appeal of riskier assets. Oil also dropped from its highs of $70 per barrel
The Indian rupee will extend its two-year-long weakening streak this year, dragged down by an ongoing economic slump that has defied easing measures from policymakers, as well as by bets for a stronger dollar, a Reuters poll showed. After a terrible 2018, losing almost 10%, the rupee - in line with a sell-off in other emerging market assets - fell 2.6% in 2019, largely due to an escalation in the U.S.-China trade war that pushed investors to shelter in U.S. assets. The rupee has also suffered from persistent weakness in the domestic economy, which has failed to recover despite aggressive rate cuts by the Reserve Bank of India and supportive fiscal measures from the government.
According to the prices given by the Indian Bullion and Jewellers Association, on January 8 the rate without GST for gold (purity-999) is Rs 40,851 while for gold with purity-995 is Rs 40,687. Silver prices, however, saw a drop to Rs 47,795 per kg from Rs 48,395 per kg. In the domestic market, gold prices touched record highs this week, breaching the Rs 42,000 mark per 10 gram.
Gold prices on Wednesday climbed by Rs 485 to Rs 41,810 per 10 gram following the rise of geo-political uncertainty and a weaker rupee, according to HDFC Securities
Cotton exports from India have gained momentum due to a depreciation in the rupee and as prices have rallied in overseas markets, prompting Asian buyers such as China, Bangladesh and Vietnam to raise Indian purchases, dealers said. Rising exports from India could put pressure on global prices for cotton, which are trading near their highest in eight months, and hurt shipments from rivals such as the United States and Brazil to key Asian buyers.
Indian currency in Wednesday's trade again depreciated to 71.97 per US dollar against its earlier higher close. The weakness comes amid scaling of crude oil prices as Iran launched a missile attack on US led forces in Iraq as reported by
On Monday, the Reserve Bank of India (RBI) said it has permitted category-I local banks to offer foreign exchange prices to users at all times, out of their Indian books, either by a domestic sales team or through their overseas branches.
In Tuesday's trade rupee opened higher buoyed by positive global cues. Rupee on Monday spooked by tension in the Middle East moved lower past 72 mark per dollar but ended slightly higher at 71.93. And as amid geo-political and economic
As US-Iran tensions escalate into fears of possible nuclear war, gold shines as the safe-haven metal in times of geopolitical tensions. On MCX, gold futures (5 February 2020) climbed 2 percent to a new all-time high of Rs 41,096 per 10
Gold prices in India jumped over 2% on Monday to record levels amid a rush to invest in safe-haven assets globally as well as a steep fall in the rupee, dampening demand for the precious metal in the world's second-biggest consumer. Local gold futures hit an all-time high of 41,096 rupees ($570.05) per 10 grams, taking their gains to more than 5% in 2020 after rallying nearly 25% in 2019. The sharp gold price rise has been deterring jewellers and retail buyers from making purchases, said Mukesh Kothari, director at dealer RiddiSiddhi Bullions in Mumbai.
After breaching Rs. 40000 mark per 10 gm on Friday, gold price on Monday on the MCX spurted by another Rs. 935 or 2.33% to a record high of Rs. 41047 per 10 gm, taking the total surge to as much
On Monday, the domestic unit traded almost flat as against previous closing of 71.795. Indian rupee on Friday buoyed by tension in the Middle East after the US airstrike killed one of the chief military general of Iran lifted crude prices