New Delhi, March 28 (IANS) In a bid to curb speculative trading to cap decline in the Indian rupee, the Reserve Bank of India (RBI) has ordered banks acting as authorised dealers to limit their end‑of‑day open positions in the onshore rupee to $100 million.The domestic currency had slid to fresh lows amid widening trade gaps tied to the US-Israel and Iran conflict.The central bank mandated that commercial banks must implement the daily cap by April 10, adding that the regulator may set diffe…
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New Delhi, March 23 (IANS) Gold and silver prices plummeted further on Monday, over profit‑taking, a stronger US dollar and rising real yields.MCX gold April futures lost 6.91 per cent to Rs 1,34,506 per 10 grams around 3.30 pm on an intraday basis. Meanwhile, MCX silver May futures declined 8.84 per cent to Rs 2,06,716 per kg.Analysts said that the sharp selloff has wiped off roughly $2 trillion in market value within hours, due to strong profit booking.The US dollar strengthened 0.45 per cen…
New Delhi, March 21 (IANS) Pakistan will continue to pay over $15 million a month in capacity and utilisation charges to its LNG terminals even after QatarEnergy declared force majeure earlier this month, according to a new report.According to the report by The News International, Pakistan is making daily payments of about $538,535 to the two terminals despite the suspension of LNG production from March 2.Federal Minister for Petroleum, Ali Pervaiz Malik, reportedly criticised the agreements, de…
New Delhi, Feb 5 (IANS) The Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming policy decision on Friday, as despite policy rate easing, government bond yields have exhibited persistent hardening in recent periods, among other reasons.According to economists, the choice of eligible securities itself may influence the effectiveness of OMO operations, even when the aggregate quantum of liquidity injection is unchanged.“We believe that the choice of eligible securities i…
New Delhi, Jan 22 (IANS) The outlook on the Indian aviation industry is “stable,” driven by the anticipation of modest growth in domestic air passenger traffic in FY26, according to an ICRA report on Thursday.ICRA has revised its forecasts for the domestic air passenger traffic growth in FY26 to 0-3 per cent, reaching 165-170 million, lower than its previous expectations of 4-6 per cent on a YoY basis. This is attributed to cross-border escalations (that led to flight disruptions and cancell…
New Delhi, Jan 21 (IANS) Gold futures on the MCX surged over Rs 4,100 or 4 per cent on Wednesday to a fresh record high, as investors jumped to buy safe‑haven assets amid fears of a widening US‑EU trade conflict and a softer dollar.MCX gold February futures rose 4.25 per cent to Rs 1,56,970 per 10 grams. Meanwhile, MCX silver March futures rose 2.71 per cent to Rs 3,32,451 per kg.International markets also saw new peaks as US gold futures jumped to $4,849 per troy ounce on COMEX. COMEX silve…
New Delhi: Pakistan is trying to sell two futures at once — and neither is guaranteed. Even as Islamabad markets the JF-17 as a “budget multirole” fighter to cash-strapped air forces, it is simultaneously advertising its coastline as the next energy frontier, awarding offshore oil and gas blocks after years of exploration disappointment. The spectacle is revealing: a state scrambling to monetise both defence and geology because it lacks the one commodity that matters most — a strong econ…
New Delhi, Jan 10 (IANS) The stock market focus in the coming week will shift firmly to third-quarter (Q3) earnings from India Inc, with heavyweight IT companies set to take centre stage and drive index-level direction, analysts said on Saturday.HCL Tech, TCS, Infosys, Tech Mahindra and Wipro— together accounting for nearly 13 per cent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.“Investor focus will…