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BENGALURU -- Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on a permanent end to the war. Spot gold was up 1.7% at US$4,783.78 per ounce, as of 1123 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold futures for June delivery gained 2.7% to $4,812.60. The United States and Iran have agreed to a two-week ceasefire, subject ...Read More >

Members of the Border Guard Bangladesh (BGB) have arrested an Indian national along with diamonds and foreign currencies worth over Tk6.62 crore during a special drive in Jashore. According to a BGB press release, a patrol team from Jashore Battalion (49 BGB) conducted the operation in the Notunhat area on the Jashore-Jhikargacha Highway based on confidential information. During the operation, they detained Sujauddin, 52, and seized 155.76 grammes of diamonds, estimated to be worth Tk6,61,39,5 ...Read More >
Nirmala Sitharaman says rupee is "absolutely fine" even as it crosses 95 per dollar, citing strong economic fundamentals and resilience versus peers. Finance Minister Nirmala Sitharaman on Monday said the country's economic fundamentals remain robust, asserting that the rupee is performing "absolutely fine" compared with other emerging market currencies against the dollar. Addressing a supplementary question in the Lok Sabha on the recent weakening of the rupee, Sitharaman highlighted the stre ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Monday said the rupee is "doing fine" when compared with the relative performance of other emerging market currencies against the dollar and that India's economic fundamentals remain strong amid the West Asia war. "India's economy is strong, our fiscal situation is strong, and the entire world is praising our fiscal deficit management. Our foreign exchange reserves remain solid," Sitharaman said in response to a supplementary question raised by ...Read More >
MUMBAI (Reuters) -The Indian rupee is expected to open lower on Wednesday, tracking declines in most other Asian currencies and equities amid renewed worries over U.S. President Donald Trump's tariffs. The 1-month non-deliverable forward indicated a open in the 85.62-85.64 range, versus 85.52 on Tuesday. The rupee has been largely range bound in recent sessions, holding between the key support zone at 85.90-86.00 and resistance near 85.30. "Both of these levels are difficult to break," a curre ...Read More >
MUMBAI (Reuters): The Indian rupee weakened to its lifetime low on Tuesday, hurt by concerns about a widening trade deficit and likely outflows from local equities, although intervention by the central bank capped losses. The rupee hit a low of 84.93 against the US dollar, before closing at 84.8950, down 0.04% on the day. Benchmark Indian equity indexes BSE Sensex and Nifty 50, closed lower by over 1% each, dragged by weakness in financial stocks and Reliance Industries. Investor sentiment was ...Read More >
People stand besides motorbikes on a road next to flood waters submerging a neighbourhood following days of heavy rain in Thailand's southern province of Pattani on November 30, 2024. AFP Thousands of people have been displaced by torrential floodwaters that slammed into southern Thailand, where the death toll has risen to 25, officials said on Tuesday. Flooding since November 22 has affected more than 660,000 homes in the kingdom's south, the country's disaster agency said on its Facebook pag ...Read More >
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