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Mumbai: The dollar ended June with its worst first-half performance in four decades. However, the dollar's slide in the international markets has been masking the rupee's weakness, which is seen in its movement against the euro. The rupee breached the Rs 100 level against the European currency in late June - marking a 12.4% depreciation over the past 12 months. The slide has been more severe than the modest 2.8% drop against the dollar, which has obscured the extent of the rupee's broader declin ...Read More >
New Delhi, June 27: Prime Minister Narendra Modi will undertake a five-nation visit starting July 2, visiting Ghana, Trinidad and Tobago, Argentina, Brazil, and Namibia, the Ministry of External Affairs (MEA) announced on Friday. In the first leg of his visit, PM Modi will visit Ghana (July 2-3) which will be Prime Minister's first ever bilateral visit to Ghana. This Prime Ministerial visit from India to Ghana is taking place after three decades. During the visit, Prime Minister will hold talks ...Read More >
Sensex Today: Indian benchmark indices are set to trade cautiously on Friday, as investors brace for a mix of domestic and global triggers. Key focus areas include the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) decision, fresh trade discussions between US President Donald Trump and China's Xi Jinping, institutional flows, and global market trends. As of 7:00 AM, GIFT Nifty futures were down 19 points at 24,843, suggesting a muted to slightly negative opening for the Indian ...Read More >
Stocktwits - Indian equity markets closed higher on Thursday, ahead of the Reserve Bank of India's monetary policy announcement due on Friday. The central bank is widely expected to cut the repo rate by 25 basis points. The Sensex ended 443 points higher to close at 81,442, while the Nifty 50 rose 130 points to finish at 24,750. The broader markets outperformed, with the Nifty Midcap index gaining 0.6% and the Smallcap index ending nearly 1% higher. Retail investor sentiment surrounding the ...Read More >
New Delhi [India], May 23 (ANI): Andhra Pradesh Chief Minister Chandrababu Naidu met with Union Jal Shakti Minister CR Patil on Friday to discuss and submit a proposal for the Polavaram-Banakacherla Link Project, aiming to enhance water resource management and infrastructure development in the region. According to a release, the project aims to divert surplus Godavari floodwater to drought-affected areas in Andhra Pradesh through a three-part water transfer system. It includes the Bollapalle re ...Read More >
Dec 12 (Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is241212~ce143b3bc8.en.html Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the ...Read More >
Get latest articles and stories on India at LatestLY. Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity ...Read More >
New Delhi, Dec 12 (PTI) Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions. Silver also rallied Rs 700 to Rs 97,000 per kg on Thursday. The white metal settled at Rs 96,300 per ...Read More >
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commoditie ...Read More >
The chip makers around the world felt the relief of a rumor suggesting that the sales curb to China could be less severe than previously expected. But the news didn't necessarily translate in a strong rally. ASML (NASDAQ:ASML) - Europe's biggest chip equipment maker that predicted a 30% fall to its Chinese revenue next year - closed 0.22% lower yesterday, while Tokyo Electron - which was up by more than 6% yesterday - couldn't extend gains at today's session. With US markets paused for the Than ...Read More >
Given the Thanksgiving holiday in the US, gold (XAU/USD) moved within a narrow range yesterday. XAU/USD rose only by 0.06%. Geopolitical risks and fears of a trade war continue to support the price of gold as a safe haven asset. Russian President Vladimir Putin said that Russia might use its new hypersonic missile to attack decision-making centres in Ukraine in response to the launch of Western missiles on its territory. Also, US President-elect Donald Trump promised earlier this week that tari ...Read More >
Every month, Mint's Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This month we track how the climate finance package at the 29th United Nations climate summit (COP29) irked many countries. Meanwhile, several countri ...Read More >
Euro zone government bond yields increased slightly as investors await upcoming inflation data that may influence the European Central Bank's policy direction. Concerns over potential tariff hikes from the U.S. could further impact ECB strategies. Germany's bond yields and political tensions in France also add to the economic uncertainties. On Tuesday, euro zone government bond yields saw a minor increase after hitting multi-week lows in the previous session. Investors are keenly awaiting infla ...Read More >
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