Latest News, Updates & Breaking Headlines
MUMBAI: The rupee breached the 94 level for the first time to close at 94.81 per dollar after hitting a record low of 94.84, declining about 4% since late Feb and 11% in the current fiscal year, marking its worst financial year performance in over a decade.Many analysts are forecasting that oil prices will remain…
The rupee breached the 94-per-dollar mark for the first time ever on Monday but recovered sharply to close flat at 93.53 against the US dollar, instead of ending at a fresh record closing low, amid geopolitical tensions in the Middle East, persistent foreign fund outflows and volatile crude oil prices.At the interbank foreign exchange market,…
The rupee fell to a record low of 93.12 against the US dollar on Friday, pressured by rising global uncertainty and higher crude oil prices amid the ongoing Iran war.The domestic currency declined 0.55% to breach its previous low of 92.63 recorded yesterday, extending losses to nearly 2% since tensions in the Middle East escalated….
MUMBAI: The rupee dropped to a new low of 92.30 in the foreign exchange market as the conflict in the West Asia risks damaging the economy on multiple fronts. The domestic unit breached the 92 level for the first time at the opening and hit a record low before recovering on suspected RBI intervention to…
Rupee slipped past the 91 mark against the US dollar on Monday, tumbling to 91.32, as escalating tensions in the Middle East and heightened volatility in global markets unsettled investors. Forex traders said that the currency came under added pressure from negative equity market sentiment and significant foreign fund outflows. Rupee opened at 91.23 and…
Silver prices in the national capital crossed the Rs 4 lakh per kg mark on Thursday, while gold touched a fresh lifetime high of Rs 1.83 lakh per 10 grams, tracking a sharp rally in global markets amid rising geopolitical and economic uncertainty, according to the All India Sarafa Association, as reported PTI.Silver extended gains…
Silver and gold extended their glittering rallies on Thursday, hitting record levels on the Multi Commodity Exchange (MCX) as investors flocked to safe-haven assets amid ongoing geopolitcal tensions. For the first time in MCX history, silver jumped past Rs 4 lakh per kg, while gold futures moved within striking distance of Rs 1.8 lakh per…
Gold smashed through the $5,000-an-ounce threshold for the first time, extending a breakneck rally fuelled by US President Donald Trump’s reshaping of international relations and investor flight from sovereign bonds and currencies.Bullion jumped as much as 2.5% to more than $5,111 on Monday, as dollar weakness reinforced demand. A gauge of the greenback has fallen…
Silver prices surged to an all-time high of $100 an ounce on Friday, crossing the milestone level for the first time as investors flocked to safe-haven assets amid growing uncertainty surrounding the policies of US President Donald Trump, according to AFP.The precious metal touched a record $100.29 per ounce in trade, extending a rally that…
MUMBAI: The rupee weakened for a fifth consecutive session on Tuesday, closing at 90.98 to a dollar, down 7 paise from the previous session, after breaching the 91 mark and sliding to a one-month low intraday amid rising geopolitical tensions and sustained selling in domestic equity markets.The currency opened marginally weaker and slipped to 91.05…
