New Delhi, March 30 Finance Minister Nirmala Sitharaman said on Monday that the country's economic fundamentals are strong, and that the Indian rupee is "doing very well" against the US dollar, compared to other emerging market economies.Since the outbreak of the West Asia conflict on February...
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Mumbai, March 30 The rupee recovered 128 paise from its all-time low of 93.57 against the US dollar in early trade on Monday, after the Reserve Bank reduced the net open position that banks can hold overnight to USD 100 million.Forex traders said the rupee opened stronger as banks, who...
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Mumbai, March 19 The Reserve Bank of India (RBI) is working on providing more avenues for the use of Indian rupees (INR) accumulated by Russian trade partners, a senior official said on Thursday.The central bank is exploring options to either settle Indian rupees held by Russian trade partners...
New Delhi, March 6 Gold prices rose by Rs 848 to Rs 1,60,521 per 10 grams in futures trading on Friday, as speculators created fresh positions due to firm spot demand.On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 848, or 0.53 per cent, at Rs 1,60,521...
New Delhi, February 26 Gold prices fell by Rs 539 to Rs 1,60,606 per 10 grams in futures trading on Thursday, due to a decline in spot demand.On the Multi Commodity Exchange, gold contracts for April delivery traded lower by Rs 539, or 0.33 per cent, at Rs 1,60,606 per 10 grams in a trading...
New Delhi, February 25 Gold prices rose by Rs 1,322 to Rs 1,61,291 per 10 grams in futures trading on Wednesday, as speculators created fresh positions due to strong spot demand.On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 1,322, or 0.83 per cent, at...
Mumbai, February 16 The RBI on Monday issued draft guidelines for banks to report foreign exchange derivative transactions involving the rupee undertaken by their related parties globally, a move aimed at enabling better pricing decisions by market participants.The Reserve Bank said it has...
New Delhi, February 13 Gold prices rose by Rs 1,044 to Rs 1,53,880 per 10 grams in futures trading on Friday, as speculators created fresh positions due to strong spot demand.On the Multi Commodity Exchange, gold contracts for April delivery traded higher by Rs 1,044 or 0.68 per cent at Rs...