New Delhi, June 6 (IANS) Gold prices dipped 0.87 per cent during the week as a stronger‑than‑expected US jobs report reinforced expectations that the Federal Reserve could keep interest rates higher for longer.On Friday, MCX gold August futures dipped 2.47 per cent while MCX silver July futures lost 6.27 per cent. Currently, gold futures stand at Rs 1,55,600, while silver futures at Rs 2,48,201 per kg.The price of 10 grams of 24-carat gold was at Rs 1,54,238 on Friday, down from Rs 1,55,599 …
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Mumbai, June 6 (IANS) The Indian equity benchmarks posted notable losses during the week as domestic policy measures were mildly offset by persistent external uncertainties.Nifty lost 0.77 per cent during the week and dipped 0.21 per cent on the last trading day to reach 23,366. At close, Sensex was down 116 points, or 0.16 per cent, at 74,243. It declined 0.71 per cent during the week.Geopolitical tensions in West Asia and their influence on crude prices continued to weigh on investor sentiment…
New Delhi, June 5 (IANS) The reforms, rewards and resilience seen in the RBI MPC decisions can result in potential capital flows of $40 billion, which can pull back the rupee to 92-93 level against US dollar, an SBI Research report said on Friday, adding that it expects rate pause in RBI’s August policy.“We believe RBI will continue to look through inflation prints before taking a considerate call of a potential rate hike. We continue to believe that growth considerations could trump a more …
New Delhi, June 5 (IANS) The Indian rupee appreciated sharply against the US dollar on Friday after the Reserve Bank of India eased investment norms for foreign portfolio investors (FPIs) and announced measures aimed at improving capital flows, boosting investor sentiment.The domestic currency strengthened by 50 paise to 95.24 against the US dollar in intraday trade after opening at 95.72 in the interbank foreign exchange market. The currency had settled at 95.74 against the dollar in the previo…
New Delhi, June 3 (IANS) Geopolitical tensions and disruptions arising from the ongoing West Asia crisis continue to weigh on the recovery of India’s aviation sector, impacting traffic, capacity deployment and overall industry profitability, a report showed on Wednesday.International passenger traffic of Indian carriers remained under pressure in April 2026 at around 1.8 million passengers, down 39 per cent year-on-year and 1 per cent month-on-month. Revenue Passenger Kilometres (RPKs) declined …
New Delhi, May 29 (IANS) Domestic air passenger traffic in India fell 2 per cent year-on-year (YoY) in April 2026 to 140.8 lakh passengers, amid geopolitical disruptions, a report said on Friday.The domestic air traffic stood at 143.1 lakh passengers in the same month last year, according to ICRA’s latest monthly report on the aviation sector.On a sequential basis, traffic was also lower by 2 per cent from 143.7 lakh passengers recorded in March 2026, the report said.The report noted that airl…
Jaipur, May 23 (IANS) Saturday morning brought fresh concerns for consumers in Rajasthan as oil companies once again increased petrol and diesel prices for the third time in the last few days amid continued volatility in international crude oil markets. According to officials, petrol prices in Jaipur have climbed to Rs 109.87 per litre, while diesel prices have reached Rs 95.09 per litre following the latest hike.Over the past nine days, petrol prices have risen by Rs 5.12 per litre and diesel b…
Mumbai, May 23 (IANS) Foreign institutional investors (FIIs) remained net sellers this week, offloading Rs 7,570 crore based on provisional exchange data as domestic institutional investors (DIIs) were net buyers, purchasing Rs 16,950 crore, providing enough cushion.In the month of May, FIIs have sold a cumulative Rs 32,230 crore, while DIIs have bought Rs 56,870 crore, based on provisional exchange data.FIIs were net buyer on Monday’s session with inflow of Rs 2,810 crore.“However, they tur…
Washington, May 23 (IANS) A top Republican Senator has reintroduced legislation that would ban American money services businesses from engaging in transactions involving China’s central bank digital currency.The proposed “Chinese CBDC Prohibition Act of 2026” would prohibit money services businesses, including payment platforms such as Venmo and Zelle, currency dealers and even the US Postal Service, from using any central bank digital currency issued by the People’s Republic of China or…
New Delhi, May 22 (IANS) The Indian rupee extended its recovery for a second consecutive trading session on Friday, appreciating 63 paise to close provisionally at 95.73 against the US dollar.The domestic currency drew support from easing crude oil prices, positive sentiment in local equity markets and expectations of intervention by the Reserve Bank of India (RBI) to curb excessive volatility.The rupee opened at 96.30 per dollar in the interbank foreign exchange market and witnessed sharp gains…