Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that the country’s economy was beginning to pick […]
U.S. stock futures were trading flat during Monday’s evening deals, after major benchmark indices finished the regular session higher ahead of the U.S. midterm elections on Tuesday. By 18:20 ET (23:20 GMT), Dow Jones Futures and S&P 500 Futures were flat, while Nasdaq 100 Futures ticked 0.1% higher In extended deals, Lyft (NASDAQ:LYFT) fell 14.2% […]
In early trade on Wednesday, the rupee fell 4 pence to 78.17 against the US dollar, after a flat domestic share market and a strong US currency. However, lower oil prices on the global market strengthened the local currency and limited its decline, according to FX brokers. The rupee began flat at 78.13 versus the […]
In early trade on Monday, the rupee rose by 12 paise to 77.93 versus the US dollar, owing to lower crude oil prices. However, currency dealers claimed that unrelenting foreign money outflows, a lackluster trend in local stocks, and a strong US dollar overseas limited the gain. The rupee began strongly at 77.98 versus the […]
On Monday, oil prices fell more than $2 as a flare-up in COVID-19 cases in Beijing dampened prospects for a quick increase in China’s fuel demand, while concerns about global inflation and economic development weighed on the market. Brent oil futures were down $2.06, or 1.7 percent, to $119.95 a barrel at 0033 GMT, while […]
The rupee fell to a new all-time low against the US dollar on Wednesday, ending at 77.74, slightly lower than its previous close of 77.71. Despite continued foreign capital outflows and higher global crude oil prices, the local currency traded in a limited range. The previous low was set on May 19, when it closed […]
The dollar extended its overnight run into Asian trading hours on Tuesday, reaching new two-decade highs against the yen as concerns over continuing inflation drove up US bond rates. The dollar gained ground against the euro, pound, and Swiss franc. It also rose against the Australian dollar, with the market divided on whether the country’s […]
Steel company shares were hammered on Monday, plunging up to 14% on the BSE, after the government imposed export tariffs on 11 iron and steel intermediates and essential steel products. On practically all major steel products, the government imposed a 15% export levy (including stainless steel). However, to lower the overall cost of steel production […]
On Monday, the price of 10 grammes of 24-carat gold remains unchanged from yesterday’s rate of Rs 51,710, and the price of 1 kg silver remains stable from Sunday, at Rs 62,500 per kg. The price of 10 grammes of 22-carat gold stays steady on Monday at Rs 47,400. The price of 10 grammes of […]
On Monday, the price of 10 grammes of 24-carat gold fell by Rs 10 to Rs 53,440, while the price of 1 kilogramme of silver rose by Rs 100 to Rs 66,700. The price of 10 grammes of 24-carat gold in Delhi and Mumbai is the same as it is in Bengaluru, Hyderabad, and Kolkata, […]
