Aug 27, 2020 09:15 AM IST
Powell is set to speak at a virtual Jackson Hole symposium on Thursday, where he is expected to provide more insight on the U.S. central bank's strategy on inflation and monetary policy.
- Aug 26, 2020 02:35 PM IST
At the interbank forex market, the domestic unit opened at 74.34, against Tuesday's closing of 74.33 and finally ended at 74.30 against the greenback, higher by 3 paise over its previous close.
- Aug 25, 2020 02:42 PM IST
At the interbank forex market the domestic unit witnessed highly volatile trade. It opened on a strong note at 74.17, but lost ground during the day and finally ended at 74.33 against the greenback, down 1 paisa over its previous close of 74.32 against the American currency.
- Aug 25, 2020 09:45 AM IST
Spot gold was up 0.2% to $1,935.88 per ounce by 0335 GMT. U.S. gold futures gained 0.1% at $1,941.60.
- Aug 14, 2020 03:03 PM IST
At the interbank forex market, the local unit opened at 74.85 against the US dollar, then lost ground and finally settled at 74.90 against the American currency, registering a decline of 6 paise over its previous close of 74.84.
- Aug 12, 2020 09:45 AM IST
Spot gold declined as much as 2% to a near three-week low of $1,872.19, resuming its free fall after a brief hiatus in early trade. It was down 1.1% to $1,889.59 by 0330 GMT, extending losses after a 6% plunge on Tuesday. U.S. gold futures slid 2.4% to $1,900.
- Aug 11, 2020 02:42 PM IST
At the interbank forex market, the local unit opened at 74.83 against the US dollar, then gained further ground and finally settled at 74.78, up 12 paise over its previous close of 74.90 against the American currency.
- Aug 07, 2020 03:25 PM IST
Starting off on a tepid note, the rupee fell to a low of 75.04, but recovered slightly thereafter and moved in a narrow band throughout the session. It finally settled at 74.93, gaining 1 paisa over its previous close.
- Aug 06, 2020 02:45 PM IST
At the interbank forex market, the domestic unit had opened strong at 74.82 against the greenback, but lost ground during the day and finally settled at 74.94 against the American currency, unchanged from its previous close.
- Aug 05, 2020 08:55 AM IST
Spot gold hit a record high of $2,030.72 in early Asian trade around 0234 GMT, but later dipped to $2,014.41, with the slight retreat attributed to profit-taking.
- Aug 04, 2020 02:42 PM IST
The rupee opened weak at 75.13 at the interbank forex market, then pared some of its early losses to settle at 75.04 against the US dollar, down 3 paise over its previous close of 75.01 against the greenback.
- Jul 28, 2020 07:30 AM IST
The prospect of endless stimulus allowed Asian shares to shake off coronavirus concerns and Sino-U.S. tensions to make early gains.
- Jul 22, 2020 09:42 AM IST
Gold and silver prices remain firm and further stimulus talks from developed economies and weakness in dollar index will continue to support prices.
- Jul 22, 2020 09:15 AM IST
Spot gold was up 0.9% at $1,857.86 per ounce by 0232 GMT, after hitting its highest since September 2011 at $1,865.35 earlier in the session. U.S. gold futures rose 0.8% to $1,858.20.
- Jul 21, 2020 02:42 PM IST
During the session, it touched an intra-day high of 74.73 and a low of 74.87 against the US dollar and finally settled at 74.74, up 17 paise over its previous close.
- Jul 10, 2020 01:05 PM IST
India is a major beneficiary of improved global liquidity on lower crude prices. Cheaper crude is a big positive for the Indian economy in such trying times.
- Jul 06, 2020 02:36 PM IST
Forex traders said positive equities, foreign fund inflows and weak US currency supported the local unit, however rising COVID-19 cases weighed on investor sentiment.
- Jul 03, 2020 02:41 PM IST
Forex traders said investors were bullish on emerging market assets following encouraging vaccine test results. Moreover, positive domestic equities, steady crude oil prices and weak US currency supported the local unit.
- Jun 29, 2020 02:30 PM IST
Forex traders said weak domestic equities, foreign fund outflows and rising COVID-19 cases weighed on investor sentiments. However, weak American dollar supported the local unit and restricted the decline.
- Jun 26, 2020 02:41 PM IST
The rupee opened on a strong note at the interbank forex market at 75.51 against the US dollar, but pared the initial gains and settled at 75.65 against the US dollar, unchanged against its previous close.
- Jun 22, 2020 02:45 PM IST
At the interbank foreign exchange market, the rupee opened strong at 76.16 and it further rushed to touch a high of 75.98 during the trade.
- Jun 19, 2020 04:06 PM IST
In view of improvements in US dollar funding conditions and after consulting with the US Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank have jointly decided to reduce the frequency of their seven-day operations from daily to three times a week, the BOJ said in a statement.
- Jun 19, 2020 02:30 PM IST
Forex traders said factors like strengthening US dollar, rising coronavirus cases and border tension between India and China dragged down the local unit, while positive domestic equities and fresh foreign fund inflows supported the rupee and restricted the decline to some extent.
- Jun 19, 2020 11:50 AM IST
Spot gold rose 0.2% to $1,725.88 per ounce by 0506 GMT. The bullion has fallen 0.3% so far this week. U.S. gold futures rose 0.2% to $1,735.10.
- Jun 16, 2020 02:56 PM IST
In a massive rise of border tension, an Indian Army officer and two soldiers were killed during a violent confrontation with Chinese troops in the sensitive Galwan Valley in eastern Ladakh on Monday night, the Army said.