New Delhi, March 30 (IANS) Gold and silver prices witnessed sharp losses on Monday, tracking declines in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns.On the Multi Commodity Exchange (MCX), gold contracts for June 5 delivery opened 0.27 per cent lower at Rs 1,46,850 per 10 grams, as against the previous close of Rs 1,47,255. The yellow metal declined sharply during the session, falling as much as Rs 3,043, or 2.06 per cent, to hit an intr…
Latest Geopolitical Tensions News & Updates
New Delhi, March 30 (IANS) The Indian rupee opened higher by 1.3 per cent to reach 93.59 per US dollar on Monday over the Reserve Bank of India’s (RBI) restrictions on onshore position limits.The RBI has instructed banks to limit their net open positions in rupees in the foreign exchange market to $100 million, in a bid to curb speculative trading to cap decline in the Indian rupee.It ordered banks acting as authorised dealers to limit their end‑of‑day open positions in the onshore rupee t…
Mumbai, March 27 (IANS) Gold and silver prices surged on Friday, driven by safe-haven demand amid persistent uncertainty and fading hopes of de-escalation in the West Asia conflict.Gold futures for April 2 delivery jumped as much as 2.27 per cent, or Rs 3,167, to hit an intraday high of Rs 1,42,660 per 10 grams on the Multi Commodity Exchange (MCX) around 11:20 AM. The yellow metal was later trading at Rs 1,42,500, up Rs 3,007 or 2 per cent.During the session, gold touched an intraday low of Rs …
Karnal (Haryana), March 26 (IANS) Union Minister Manohar Lal on Thursday said that while global conflicts and geopolitical tensions pose a potential risk to the supply of petroleum products and gas, India is well-prepared to tackle any such challenge and there is “no need to panic” at present.Speaking to reporters, the minister underlined that the issue of energy supply is not confined to India alone but is a growing international concern, particularly in light of ongoing conflicts between sever…
Mumbai, March 26 (IANS) The Indian stock markets will remain closed for trading on Thursday on the occasion of Ram Navami.According to the stock market holiday calendar, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain shut and no trading will take place. Moreover, the Equity Segment, Equity Derivative Segment, Currency Derivatives Segments and NDS-RST and Tri Party Repo segments will remain closed for trading.The Multi Commodity Exchange of India (MCX) declared …
New Delhi, March 24 (IANS) The Indian rupee opened higher against US dollar on Tuesday after US President Donald Trump announced a five-day pause of strikes on Iranian power and energy infrastructure.The domestic currency was trading at Rs 93.64 to the dollar, as compared to the record low of Rs 93.98 to the dollar in the previous trading session.According to analysts, the market has welcomed the five-day pause but not with conviction, and any signs of further de-escalation could pull the USD/IN…
Mumbai, March 22 (IANS) The Indian stock market ended the week on a cautious note, and experts believe global tensions, rising crude oil prices, currency pressure and movement in precious metals will be key factors shaping investor sentiment in the coming days.The benchmark indices, Nifty and Sensex, closed the week largely flat with a slight negative bias.While the first three trading sessions remained positive, a sharp sell-off on Thursday erased most of the gains, followed by a volatile sessi…
Mumbai, March 20 (IANS) The Indian rupee dropped to a record low on Friday to 93.12 against the US dollar, amid global supply chain disruptions due to escalating Middle East conflict.The domestic currency fell 0.55 per cent to 93.12, eclipsing its previous low of 92.63 on Wednesday.The rupee has depreciated nearly 2 per cent since the West Asia tensions began.According to experts, the USD/INR pair is trading above the 92.8 level, indicating continued pressure on the rupee amid elevated crude pri…
New Delhi, March 14 (IANS) Air India and Air India Express are scheduled to operate a total of 80 scheduled and non-scheduled flights to and from the West Asia region on Saturday, amid the ongoing US-Israel and Iran war.The two carriers continue to operate their respective scheduled services to and from Jeddah and Muscat on March 14 – operating a total of 10 flights to and from Jeddah, and Air India Express operating 8 scheduled flights to and from Muscat, the airline said in a statement.Additio…
New Delhi, March 12 (IANS) Global financial services firm Nomura has projected that India’s economy will grow by 7 per cent in fiscal year 2026-27 (FY27), remaining resilient despite rising geopolitical tensions in West Asia and concerns over higher energy prices. However, the brokerage has slightly trimmed its earlier growth estimate while warning that prolonged conflict in the region could put pressure on inflation and the country’s external balance.The report, written by Sonal Varma, Chie…