New Delhi, March 27 (IANS) India’s gold market is shifting toward investment‑driven demand as high prices weigh on jewellery consumption, a report said on Friday.The joint report from ICRA and Assocham said that India’s gold jewellery demand declined about 26 per cent year‑on‑year in the first half of FY26, with a 15 per cent rise in demand for bars and coins partly offsetting the dip.Global gold jewellery consumption fell 15 per cent in FY25 and a further 17 per cent in the first half o…
Latest US Dollar News & Updates
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…
New Delhi, March 22 (IANS) The Indian equity markets are demonstrating ‘structural resilience’ despite intense global macro headwinds and foreign institutional investors (FII) outflows, according to analysts.For the week ending March 20, a persistent risk-off sentiment among FIIs was observed, with weekly net outflows totaling Rs 29,718.9 crore. This exodus, coupled with a surging US Dollar index, pressured the Indian rupee to a provisional record low of 93.71. “Remarkably, the Nifty 50 mainta…
Mumbai, March 21 (IANS) The Indian equity benchmarks closed in the red for the fourth consecutive week, showing sustained selling pressure amid escalating geopolitical tensions in West Asia.Nifty dipped 0.16 per cent during the week, and gained 0.49 per cent on the last trading day to reach 23,114. At close, Sensex was up 324 points or 0.44 per cent at 74,532. It declined 0.04 per cent during the week.Both indices began the week on a flat note but soon gained momentum, mainly due to buyer intere…
New Delhi, March 20 (IANS) India’s gold reserves increased by $664 million to $130.68 billion for the week ended March 13, data released by the Reserve Bank of India on Friday showed.However, India’s total foreign exchange reserves fell by $7.05 billion to $709.76 billion during the week ended March 13.The decline follows an even sharper drop in the previous week ended March 6, when reserves fell by $11.68 billion to $716.81 billion from $728.49 billion.The fall has been largely attributed t…
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 20 (IANS) The Indian rupee reached a new low against the US dollar on Thursday, depreciating 30 paise to 92.94, as oil prices remain elevated amid the West Asia crisis.In the meantime, foreign institutional investors (FIIs) have sold nearly Rs 74,000 crore over the last 12 sessions in the domestic stock market.Iran has warned it would carry out more severe retaliatory strikes if the US and Israel attack its energy facilities again. On Wednesday, Israel struck Iran’s South Pars o…
Seoul, March 19 (IANS) Uncertainty over the path of US monetary policy has deepened amid heightened tensions in the Middle East, a senior official at South Korea’s central bank said on Thursday.On Wednesday (U.S. time), the Federal Reserve kept its benchmark interest rate unchanged at the 3.5-3.75 percent range for the second consecutive time while maintaining its projection of one rate cut this year.At a press conference following the decision, Fed Chair Jerome Powell said the surge in oil pric…
Mumbai, March 18 (IANS) The rupee on Wednesday touched a fresh record low of 92.63 against the US dollar, amid a firming greenback and continued foreign fund outflows.At the interbank foreign exchange, the rupee opened at 92.42 and moved in a narrow range before weakening to its all-time low during the session.The currency had closed at 92.37 on Tuesday.”The Indian rupee slipped to a fresh record low as a break below the 92.50 level triggered selling pressure, exacerbated by thin dollar liquidit…
Mumbai, March 14 (IANS) Indian equity benchmarks lost nearly 6 per cent on a weekly basis, reflecting sustained selling pressure amid escalating geopolitical tensions in West Asia.Nifty dipped 5.31 per cent during the week and lost 2.06 per cent on the last trading day to reach 23,151. At close, Sensex was down 1,470 points or 1.93 per cent at 74,563. It advanced 5.52 per cent during the week.The sharp correction has largely been driven by the surge in crude oil prices and rising macroeconomic c…