Mumbai, Feb 14 (IANS) Indian equity benchmarks lost nearly 1 per cent during the week, weighed down by weak global cues and sharp declines in IT index, tracking Wall Street losses due to AI-related fears.Nifty lost 0.87 per cent during the week and dipped 1.30 per cent on the last trading day to 25,471. At Friday’s close, the Sensex was down 1,048 points or 1.25 per cent at 82,626. It declined 1.14 per cent during the week.Sectoral performance remained firmly negative, with all major indices e…
Latest US Dollar News & Updates
New Delhi, Feb 12 (IANS) Gold and silver prices dipped moderately on Thursday, as the US dollar strengthened.MCX gold April futures dipped 0.24 per cent to Rs 1,58,371 per 10 grams on an intra-day basis. Meanwhile MCX silver March futures declined 0.72 per cent to Rs 2,61,124 per kg.The dollar index surged to 96.94 on Thursday from 96.83 in the previous session, due to strong jobs data from the US that suggested underlying economic health. A stronger dollar made greenback-priced bullion more exp…
Mumbai, Feb 9 (IANS) Gold and silver prices surged sharply on Monday due to a weaker US dollar and persistent geopolitical uncertainties.MCX gold February futures jumped 1.31 per cent to Rs 1,57,484 per 10 grams around 10.45 am on an intraday basis. Meanwhile MCX silver March futures climbed 4.81 per cent to Rs 2,61,900 per kg.On the MCX, silver prices, earlier in the day, had jumped as much as 6 per cent to its day’s high of Rs 2,64,885 per kg before a round of profit booking.The US dollar touc…
Mumbai, Feb 6 (IANS) Gold prices fell moderately, while silver lost over 3 per cent on Friday due to a stronger dollar and a rout in global technology stocks.MCX gold February futures fell 0.97 per cent to Rs 1,50,590 per 10 grams around 10.40 am on an intraday basis. Meanwhile, MCX silver March futures plunged 3.71 per cent to Rs 2,34,775 per kg.On the MCX, silver prices had declined as much as 6 per cent to their day’s low of Rs 2,29,187 per kg earlier during the session before a strong reboun…
Mumbai, Feb 5 (IANS) The Indian equity markets ended lower on Thursday breaking a three-day winning streak, as investors waited on the sidelines for clarity on global macro developments and trends in foreign institutional flows.At the closing bell, the Sensex lost 503 points, or 0.60 per cent to settle at 83,313. The Nifty declined 113 points, or 0.52 per cent, to close at 25,642.The broader markets posted strong losses as Nifty Midcap 100 index lost 0.28 per cent, while the NSE Smallcap 100 she…
Mumbai, Feb 3 (IANS) The Indian rupee surged over 1 per cent on Tuesday, trading at 90.29 to the US dollar, following an India-US trade agreement that sparked investor optimism and prompted foreign inflows.The local currency had closed at 91.53 on Monday, reaching a two-week high to gain 48 paise in the prior session, after the Reserve Bank of India reportedly intervened in the spot market.Analysts said the rupee’s surge to the dollar pair was higher before it consolidated 90.20–91.20 zone. …
Mumbai, Feb 2 (IANS) Gold and silver extended their decline on Monday, as hike in margin requirements are set to take effect on Chicago Merchantile Exchange (CME) in the US.MCX gold February futures fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile MCX silver March futures dipped 6.88 per cent to Rs 2,47,386 per kg.Analysts said the free fall of gold and silver from their record highs started after the US President Donald Trump selected Kevin Warsh as the next US Fe…
Mumbai, Feb 1 (IANS) Gold and silver prices continued their sharp decline on Sunday, as investors booked profits post an unprecedented rally over the past year.MCX gold February futures fell 7.12 per cent to Rs 1,39,000 per 10 grams around 10 am on an intraday basis. Meanwhile, MCX silver March futures dipped 9 per cent to Rs 2,65,652 per kg.CME Group raised margin requirements on Comex gold and silver futures after the metal prices saw steep declines, which raised investor caution.Further, the …
Mumbai, Jan 30 (IANS) The Indian equity markets posted losses on Friday, amid profit booking due to caution ahead of the Union Budget 2026 on February 1 and weakness in metal stocks.At the closing bell, Sensex lost 269 points, or 0.36 per cent, to settle at 82,269. Nifty declined 98 points, or 0.39 per cent, to close at 25,320.The broader markets showed divergence, with the benchmark indices as Nifty Midcap 100 index lost only 0.17 per cent, while the NSE Smallcap 100 added 0.32 per cent.On the …
New Delhi, Jan 29 (IANS) Chief Economic Adviser V. Anantha Nageswaran said on Thursday that the weakness of the Indian rupee compared to the US dollar is not out of line with other emerging market currencies, which are also going through the same geopolitical risks.Responding to an IANS question in the national capital, Nageswaran said that as the fundamentals continue to display strength and solidity, investors will reappraise their stance towards the Indian currency.”If we continue on the path…