The rupee declined 7 paise to close at 83.35 (provisional) against the US dollar on Friday as a strengthening American currency overseas and a selloff in domestic equities weighed on the local unit. Besides, rising crude prices in the international market and risk-averse sentiment dragged the local unit down, forex traders said.
Financial services company Groww has received approval from the Securities Exchange Board of India (SEBI), the country’s securities market regulator to launch the Nifty Non-Cyclical Consumer Index Fund through a new fund offering (NFO). This will be the country’s first non-cyclical index fund and is expected to go live in the first week of May. The minimum investment amount for the NFO will be ₹500 and in multiples of ₹1 for purchases and ₹0.1 for switching.
The rupee depreciated 6 paise to 83.39 against the US dollar in early trade on Thursday, tracking a negative trend in domestic equities and elevated ...
Declining for the second day in a row, gold prices tumbled by Rs 1,450 to Rs 72,200 per 10 grams in the local market here due to profit-taking by traders and weak global trends. Silver prices also tanked by Rs 2,300 per kg. According to HDFC Securities, gold prices declined by Rs 1,450 to Rs 72,200 per 10 grams in Delhi. The precious metal had closed at Rs 73,650 per 10 grams in the previous session.
The rupee appreciated by 3 paise to close at 83.33 (provisional) against the US dollar on Tuesday on positive domestic markets and a soft American cu...
The rupee rises by 7 paise to close at 83.37 (provisional) against the US dollar on Monday on positive domestic markets and a soft American currency. Forex traders said a decline in crude oil prices also supported the local unit. At the interbank foreign exchange market, the local unit opened at 83.40 against the greenback. The unit hit an intra-day high of 83.32 and a low of 83.45 against the greenback.
Even as international gold prices fell relatively on Monday with relative ease in geopolitical tensions in the Middle East, the prices of the safe haven yellow metal are seen rallying towards USD 2,500 in case of further escalation in the war situation.
Mumbai, The rupee appreciated 5 paise to 83.39 against the US dollar in early trade on Monday, supported by a firm trend in domestic equities. Forex ...
The rupee appreciated 5 paise to 83.39 against the US dollar in early trade on Monday, supported by a firm trend in domestic equities. Forex traders said the local unit gained ground as the American currency and crude oil prices retreated from their elevated levels. On Friday, the rupee appreciated 8 paise to close at 83.44 against the US dollar.
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