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New Delhi, July 7 (SocialNews.XYZ) While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to a report released on Monday. Of the total mined gold ever, 65 per cent is in the form of jewellery, and a mere 5 per cent shift of global reserves into gold could trigger a sustained and significant rally in its price, according to the DSP Mutual Fund's July 2025 Netra report. Central bank gold reser ...Read More >
Mumbai, Jul 7 (PTI) The rupee fell 26 paise to 85.66 against the US dollar in early trade on Monday amid FII outflows and a weak opening at the domestic equity markets. The US on Sunday stepped up pressure on trading partners to make new deals before the July 9 deadline, warning countries that higher tariffs could kick in on August 1, putting further pressure on the rupee. Also Read | Delhi Rains: Rainfall Disrupts Delhi-NCR Today; Traffic, Flight Operations Hit (Watch Videos). However, a wea ...Read More >
Mumbai, Jul 7 (PTI) The rupee fell 26 paise to 85.66 against the US dollar in early trade on Monday amid FII outflows and a weak opening at the domestic equity markets. The US on Sunday stepped up pressure on trading partners to make new deals before the July 9 deadline, warning countries that higher tariffs could kick in on August 1, putting further pressure on the rupee. However, a weaker greenback, lower global crude oil prices and the rise in the country's forex reserves prevented further ...Read More >
Mumbai, Jul 4 (PTI) The rupee appreciated 15 paise to close at 85.40 against the US dollar on Friday, tracking a decline in the American currency in the overseas market and a weak tone in crude oil prices. Forex traders said Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the US. US President Donald Trump announced a trade agreement with Vietnam, and that injected a dose of optimism that perhaps more such agreements could be in the pipeline before the ...Read More >
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to r ...Read More >
Mumbai: The Indian rupee touched its strongest level in a month on Thursday, amid increasing optimism that the India-US trade deal would happen in the next 48 hours and also owing to dollar sales from foreign banks, traders said. The rupee closed 39 paisa stronger at 85.31 per dollar, up from its previous close of 85.70 to $1, LSEG data showed. The rupee had appreciated to 85.18 to $1 during the day, its best level since late May, but likely intervention from the Reserve Bank of India (RBI) cap ...Read More >
New Delhi, Jul 3 (PTI) Gold prices climbed Rs 450 to Rs 99,620 per 10 grams in the national capital on Thursday due to continuous buying by stockists, according to the All India Sarafa Association. On Wednesday, the precious metal of 99.9 per cent purity had closed at Rs 99,170 per 10 grams. Gold of 99.5 per cent purity appreciated Rs 400 to Rs 99,000 per 10 grams (inclusive of all taxes). The yellow metal had finished at Rs 98,600 per 10 grams in the previous market session. Additionally, si ...Read More >
Ahmedabad - Mashreq, one of the MENA region's leading financial institutions, today announced the In-Principle Approval (IPA) to open a new International Financial Services Centre Banking Unit (IBU) within the Gujarat International Finance Tec-City (GIFT City), making it the first UAE-based bank to have received the IPA from the International Financial Services Centres Authority (IFSCA). This marks a key milestone in Mashreq's international expansion strategy and underscores its commitment to e ...Read More >
Mumbai, Jul 3 (PTI) The rupee depreciated 8 paise to 85.70 against the US dollar in early trade on Thursday amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a narrow range largely due to RBI's cautious strategy as any dip in USD-INR is likely to be met with dollar buying by the RBI, not only to manage maturities but also to rebuild its intervention cushion. This persistent demand for dollars by the central bank ...Read More >
WASHINGTON/NEW DELHI - US and India trade negotiators were pushing on July 2 to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over US dairy and agriculture remained unresolved, sources familiar with the talks said. The push comes as Mr Trump announced an agreement with Vietnam that cuts US tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent. Mr Trump said that US products could enter V ...Read More >
WASHINGTON/NEW DELHI (Reuters) -U.S. and India trade negotiators were pushing on Wednesday to try to land a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over U.S. dairy and agriculture remained unresolved, sources familiar with the talks said. The push comes as Trump announced an agreement with Vietnam that cuts U.S. tariffs on many Vietnamese goods to 20% from his previously threatened 46%. Trump said that U.S. products could enter Vietn ...Read More >
Mumbai: The rupee traded in a narrow range and depreciated 4 paise to 85.63 against the US dollar in early trade on Wednesday, as market awaits the conclusion of India-US trade deal, which is at its final stage. Forex traders said the dollar index continued to remain under pressure against major peers as traders considered the dovish hints from FED chair Jerome Powell. At the interbank foreign exchange, the domestic unit opened at 85.59 against the greenback. In initial trade, it witnessed a l ...Read More >
Mumbai, Jun 30 (PTI) The rupee pared initial gains and settled for the day in the negative territory, down 26 paise at 85.76 against the US dollar on Monday, on weak domestic equities and a bounce back in crude oil prices. Forex traders said the rupee opened in the positive on improved global risk sentiments, however, a negative trend in domestic equities dented investor sentiments and dragged down the local unit. At the interbank foreign exchange, the rupee opened at 85.48 against the US doll ...Read More >
New Delhi: Gold prices on Monday slipped, touching their lowest level since May 29 as improving trade relations between the U.S and China reduced for safe-haven assets. With investors turning to riskier options, spot gold dipped 0.3 per cent to 3,264.64 dollars per ounce while U.S. gold futures were down 0.4% at 3,275.30 dollars. Asian stock markets opened higher on Monday boosted by improving global investor sentiment. The upbeat mood followed comments from U.S. Treasury Secretary Scott Bessen ...Read More >
Thane, Jun 29 (PTI) Police have arrested a 30-year-old fruit seller for illegally possessing two country-made pistols in Maharashtra's Thane district, an official said on Sunday. Acting on a tip-off, the police's anti-extortion cell raided the man's premises at Bandarpada locality in Kalyan area on June 25, assistant police inspector Sunil Tarmale said. The police seized two country-made pistols and a live cartridge, valued at Rs 1.05 lakh, from the fruit seller, who had two previous criminal ...Read More >
New Delhi [India], June 29 (ANI): US-parented companies will be exempted from certain elements of an existing global tax agreement according to a statement released by the Group of Seven countires which detailed the new proposal signed by the United States and its G7 partners. The agreement will see US companies benefit from a "side-by-side" solution under which they will only be taxed at home, on both domestic and foreign profits, the G-7 said, in a statement released by Canada, which holds th ...Read More >
Mumbai: The rupee rose 22 paise to close at 85.50 against the greenback on Friday on the back of sustained inflow of foreign funds and firm domestic equity markets. Lower level of American currency index also favoured the Indian unit though an uptrend in crude oil prices capped its gain, forex traders said. Foreign institutional investors (FIIs) purchased equities worth Rs 1,397.02 crore on a net basis on Friday, according to exchange data. This inflow came on the heels of a net buying of equi ...Read More >
Mumbai, Jun 27 (PTI) The rupee rose 24 paise to close at 85.48 (provisional) against the greenback on Friday on the back of strong FII inflows and firm domestic equity markets. Lower level of American currency index also favoured the Indian currency though an uptrend in crude oil prices capped its gain, forex traders said. Foreign institutional investors (FIIs) purchased equities worth Rs 12,594.38 crore on a net basis on Thursday, according to exchange data. At the interbank foreign exchange ...Read More >
Mumbai, Jun 27 (PTI) The rupee rose 23 paise to 85.49 against the US dollar in early trade on Friday, aided by strong FII inflows and positive sentiments in the domestic equity markets. However, a rise in global crude oil prices and a slightly stronger greenback capped further gains in the local unit, forex traders said. Foreign institutional investors (FIIs) purchased equities worth Rs 12,594.38 crore on a net basis on Thursday, according to exchange data. At the interbank foreign exchange, ...Read More >
Bhopal, June 7 (UNI) The Madhya Pradesh government's reported instruction to all treasury officers concerning the non-payment of salaries to 50,000 state employees over the past few months has prompted the Congress to hit out at the government over the issue. Sources said a State Financial Intelligence Cell (SFIC) is operating under the Commissioner of Treasury and Accounts Office, which analyses the treasury data at regular intervals and also monitors the salary withdrawal of employees. This c ...Read More >
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U ...Read More >
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A provocative claim by crypto researcher "Darkhorse" has reignited debate over whether Ripple Labs is quietly sidestepping a federal court injunction through a newly disclosed $300 million XRP treasury vehicle involving Asia-based mobility firm Webus International Ltd. "This new treasury setup allows @Ripple to bypass the injunction legally and cleanly," Darkhorse declared in a p ...Read More >
Mumbai, Feb 10: The rupee on Monday plunged 45 paise and moved closer to the 88 per US dollar-level, weighed down by the strength of the American currency tariff concerns, but eventually settled at 87.45, up 5 paise, following RBI intervention. The American currency gained in the overseas market after US President Donald Trump's plans to impose 25 per cent tariffs on steel and aluminum imports, along with reciprocal tariffs targeting countries taxing US exports. The move has added jitters over ...Read More >
New Delhi, Jan 31 (UNI) India today flagged its concerns over the Maldives-China FTA and added that New Delhi "would obviously need to take that into account" while framing its own policies. Ministry of External Affairs spokesperson Randhir Jaiswal said at a briefing: "We remain in close touch with Maldivian authorities on the situation facing them. "Recent agreements that are likely to result in revenue loss for the Maldives Government are, obviously, a matter of concern and do not bode well ...Read More >
New Delhi: As the US Treasury imposed sanctions on Russian oil producers last week, India, the world's third-largest oil importer and consumer, does not expect any disruption to Russian oil supply in the next two months as the US-sanctioned tankers are allowed to discharge crude until March, a top oil ministry official source said on Monday on condition of anonymity. When asked about the supply disruption after two months, the source said, "We are optimistic about the supply and India will allo ...Read More >
New Delhi, Dec 18 (PTI) Gold prices fell Rs 200 to Rs 79,100 per 10 grams in the national capital on Wednesday amid a firm trend in international markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity settled at Rs 79,300 per 10 grams in the previous session. Snapping a three-day losing run, silver climbed Rs 500 to Rs 92,000 per kg on Wednesday. It closed at Rs 91,500 per kg on Tuesday. In the last three sessions, the white metal plunged Rs 5,500 p ...Read More >
Mumbai, Dec 11 (PTI) The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee. Also Read | Shill ...Read More >
Mumbai, Dec 11 (PTI) The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee. At the interbank ...Read More >
New Delhi, Dec 4 (PTI) Gold prices slipped below Rs 79,000 per 10 kg in the national capital on Wednesday due to poor offtake by stockists and retailers amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 150 to Rs 78,850 per 10 grams. It had closed at Rs 79,000 per 10 grams in the previous session. Also Read | Naresh Balyan in Trouble: Delhi Police Seeks Arrest of AAP MLA in Fresh Case, Moves Court. Price of gold of 99 ...Read More >
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