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Rupee strengthened in early trade on Monday, rising 22 paise to 89.45 against the US dollar, extending its recovery after hitting record lows in recent weeks.Earlier this month, rupee slid to a series of lifetime lows, even weakening beyond the 91-per-US-dollar mark. The currency, however, later healed in recovery attributed to likely intervention by the…
Gold prices on Monday hit record high on expectations of more interest rate cuts by the US Fed and the yellow metal’s status as the steady safe-haven amid weak dollar.Spot gold surged to $4,383.73 after fresh US economic data signalled continued weakness in the labour market, while easing inflation strengthened expectations of further monetary easing…
India and New Zealand should aim to double their bilateral trade in the next five years, accordint to think tank GTRI. The organization recommends reducing import duties and strengthening partnerships in agriculture, while also calling for more direct flights and easier visa rules. These recommendations came on Sunday as both nations prepare to finalize a…
Financial analysts hinted at possible slowdown in gold and silver prices during the week while investors await crucial US economic data. Market activity is expected to be light due to the upcoming Christmas and New Year holidays, with key indicators like GDP, housing data, and consumer confidence figures affecting precious metal prices.Trading volumes are likely…
India’s exports to the US bounced back in November. The rebound was largely supported by supply-chain adjustments and pre-holiday season inventory restocking, according to the Global Trade Research Initiative (GTRI).The stocks grew by by 22.61% to reach $6.98 billion, according to commerce ministry data. This recovery came despite the US imposing 50 per cent tariffs…
India-Oman CEPA to boost trade, MSME exports, energy security: Bank of Baroda economist New Delhi [India], December 21 (ANI): India has taken another significant step towards deepening its integration with global supply chains by signing a Comprehensive Economic Partnership Agreement (CEPA) with Oman, a move expected to expand bilateral trade, strengthen MSME-led exports and enhance…
Brazilian President Luiz Inacio Lula da Silva takes a sip of coffee during a year-end press conference at Planalto presidential palace in Brasilia, Brazil, Thursday, Dec. 18, 2025. (AP Photo/Eraldo Peres) Brazil’s President Luiz Inacio Lula da Silva said on Saturday he hopes the massive free-trade deal between South American bloc Mercosur and the European…
NEW DELHI: Stock market regulator Sebi is working with RBI and the insurance regulator to enable participation of banks and insurance companies in commodities derivatives markets, its chairman Tuhin Kanta Pandey said on Saturday.Working groups have also been set up to suggest measures to deepen the Agri Commodity Derivatives ecosystem, he said. Among other things,…
Brazilian President Luiz Inácio Lula da Silva said on Saturday that he hopes the long-pending free-trade agreement between Mercosur and the European Union will be signed in January, even as opposition from some EU members and protests by European farmers delay the deal, AP reported.Speaking at a summit of South American leaders in Foz do…
As the pool of skilled tradespeople continues to shrink in the US, Walmart is moving to strengthen its in-house workforce to keep its vast operations running — from conveyor belts and refrigeration systems to electrical networks and basic infrastructure at stores and distribution centres, AP reported.The world’s largest retailer and biggest private employer has revamped…
