Stay updated with breaking news from சுகந்தா சச்ச்தேவா. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Depreciation bias on horizon; rupee likely to test 76.50 level this year: Experts orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Gold prices have seen some correction and analysts say the drop below Rs 46,500 per 10 gm level can lead to more weakness in the short term. But investors looking to buy SGBs for the long term should not get concerned about it. ....
NEW DELHI: Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months. If the domestic currency fell 2 per cent against the greenback, the slump was much lower at around 0.18 per cent in July. ....
Gold edges to 4-month high amid inflation concerns & crypto crash RT.com 25 May 2021, 20:12 GMT+10 The price of gold approached its highest level since January on Tuesday, close to erasing this year s decline as investors turn more bullish on the precious metal. Spot gold was trading at $1,880.31 per ounce in London. Last week the prices reached their highest since January 8, climbing to $1,890.13. The price growth comes as investors are weighing comments made by the US Federal Reserve about inflation. Governor Lael Brainard, Atlanta Fed President Raphael Bostic and St. Louis James Bullard said they would not be surprised if supply shortages push prices up in the coming months as the world recovers from the pandemic and pent-up demand is unleashed. They added, however, that much of the price gain should prove temporary. ....
File photo for representation. | Photo Credit: V. Sudershan Halting its three-day winning run, the rupee on Wednesday declined by 13 paise to close at 73.18 (provisional) against the US dollar in line with the fall in the domestic equity market. At the interbank foreign exchange market, the domestic currency opened at 73.02 against the American currency, but pared the gains to close at 73.18, registering a decline of 13 paise over its previous close. During the session, the local unit hit an intra-day high of 72.93 and a low of 73.18. On Tuesday, the rupee had closed at 73.05 against the US dollar. Meanwhile, the dollar index, which gauges the greenback s strength against a basket of six currencies, rose 0.20 % to 89.93. ....