By Jaspreet Kalra MUMBAI, October 3 (Reuters) -The Indian rupee was pinned near its all-time low on Friday, weighed down by routine dollar demand from importers, which blunted the impact of modest portfolio inflows, with traders also flagging mild dollar sales from state-run banks. The rupee was at 88.7625 against the U.S. dollar as of …
Rupee hovers near record low as modest inflows offer little relief Read More »
By Brijesh Patel (Reuters) -Gold held steady on Friday and was set for a seventh straight weekly gain, buoyed by expectations of further U.S. interest rate cuts this year and worries over the impact of a U.S. government shutdown. Spot gold was little changed at $3,851.99 per ounce, as of 0247 GMT, after hitting an …
Gold set for seventh weekly rise on US rate-cut hopes, government shutdown Read More »
By Nimesh Vora MUMBAI (Reuters) -The Indian rupee is anticipated to face a difficult session on Friday, with most traders predicting that the central bank will likely intervene to prevent the currency from hitting a new all-time low. The 1-month non-deliverable forward indicated the rupee will open flat-to-slightly weaker versus the U.S. dollar compared to …
Rupee’s negative drift demands central bank firepower Read More »
By John Biju and Noel John (Reuters) -Gold prices fell nearly 1% on Thursday, retreating from a record high hit earlier in the session, after Federal Reserve Bank of Dallas President Lorie Logan urged caution on further interest rate cuts. Spot gold was down 0.5% at $3,845.78 per ounce by 2:15 p.m. ET (1815 GMT). …
Gold slips from record peak on caution from Fed’s Logan Read More »
By John Biju and Noel John (Reuters) -Gold prices fell nearly 1% on Thursday, retreating from a record high hit earlier in the session, after Federal Reserve Bank of Dallas President Lorie Logan urged caution on further interest rate cuts. Spot gold was down about 1% at $3,828.75 per ounce by 11:35 a.m. ET (1535 …
Gold slips from record peak after Fed Logan’s comments Read More »
(Reuters) -Abu Dhabi’s International Holding Co (IHC) will acquire a 43.5% stake in Sammaan Capital for 88.50 billion rupees ($997.7 million), in a major bet on India’s fast-growing housing finance market. Sammaan, a non-banking financial company focused on mortgage-lending, said on Thursday it will issue 330 million equity shares and 306.7 million convertible warrants to …
Abu Dhabi’s IHC to buy 43.5% stake in India’s Sammaan Capital for $1 billion Read More »
By Noel John and John Biju (Reuters) -Gold prices hit a fresh record high on Thursday, buoyed by expectations of a Federal Reserve interest rate cut this month and safe-haven demand amid the ongoing U.S. government shutdown. Spot gold was up 0.6% at $3,887 per ounce by 09:38 a.m. ET (1011 GMT), after hitting a …
Gold scales record high as rate cut bets, US government shutdown boost demand Read More »
By Ishaan Arora (Reuters) -Gold prices rose on Thursday, hovering near record highs, as heightened expectations of further U.S. interest rate cuts this year and political uncertainty on account of a contentious U.S. government shutdown drove demand for the metal. Spot gold was up 0.3% at $3,877.70 per ounce by 1011 GMT, down from Wednesday’s …
Gold hovers near record high on rate-cut bets, political uncertainty Read More »
By Ishaan Arora (Reuters) -Gold held steady near record highs on Thursday, as heightened expectations of further U.S. interest rate cuts this year and political uncertainty on account of a contentious U.S. government shutdown drove demand for the metal. Spot gold was up 0.2% at $3,865.73 per ounce by 0810 GMT, down from Wednesday’s all-time …
Gold holds steady near record high on rate-cut bets, political uncertainty Read More »
By Trixie Yap SINGAPORE (Reuters) -India’s diesel exports to Europe probably hit an all-time high in September, data from shiptrackers and trade sources showed on Thursday, as traders cashed in on robust profits in the west during a refinery maintenance season. September volumes from Asia’s key swing supplier bound for Europe were at 1.3 million …
India’s diesel exports to Europe probably surged to record in September, sources say Read More »
