By Brijesh Patel (Reuters) – Gold prices were little changed on Tuesday as the dollar held firm and Treasury yields ticked higher, while investors looked forward to the U.S. June inflation data due later this week for more clarity on the U.S. interest rate path. Spot gold was flat at $2,359.83 per ounce as of …
Gold holds steady as traders await US inflation data for Fed clues Read More »
By Olga Popova and Gleb Bryanski MOSCOW (Reuters) -India increased its imports of Russian grain and grain products 22 fold, well above other major importers, in the 2023/24 agricultural season, according to data released during Prime Minister Narendra Modi’s visit to Moscow. Economic cooperation between the two BRICS members and major agricultural powers is high …
India boosts Russian grain imports as Modi thanks Putin for fertilizer supply Read More »
By Nidhi Verma and Krishn Kaushik NEW DELHI (Reuters) – India wants to strengthen its energy ties with Russia and could seek deals with Rosneft and other leading Russian oil firms as part of a broader push to boost bilateral trade, Foreign Secretary Vinay Mohan Kwatra said on Tuesday. Indian Prime Minister Narendra Modi and …
India eyes energy deals with Rosneft and other Russian companies Read More »
LONDON (Reuters) – Global physically backed gold exchange traded funds (ETFs) saw the second consecutive month of inflows in June due to additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Tuesday. Gold ETFs, storing bullion for investors, are a major category of investment demand for the precious metal, …
Global gold ETFs saw second month of inflows in June, says WGC Read More »
MUMBAI (Reuters) – Auditors need to assess material risks in business operations instead of just verifying financial statements as companies face growing threats from factors ranging from cybersecurity threats to climate change, two Indian central bank deputy governors said on Tuesday. “The role of auditor must transcend from just verifying financial statements to holistically assess …
India cenbank deputies call for enhancing quality of financial audits Read More »
By Nimesh Vora MUMBAI (Reuters) – The jump in open interest on rupee/dollar currency futures on the Singapore Exchange indicates that investors are shifting their arbitrage and hedging activity to the city-state after the Indian central bank imposed restrictions on local currency futures, traders said. WHY IT’S IMPORTANT The Reserve Bank of India has been …
Investors shift to Singapore after Indian central bank’s curbs on local rupee futures Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Inflows into India’s equity mutual funds rose 17% sequentially to a record high of 406.08 billion rupees (about $5 billion) in June, data from the Association of Mutual Funds in India (AMFI) showed on Tuesday. Equity mutual funds have seen net inflows aggregating to 5.99 trillion rupees from domestic investors …
India’s equity mutual fund inflows hit record high in June, data shows Read More »
By Nikunj Ohri and Sarita Chaganti Singh NEW DELHI (Reuters) – India’s beleaguered Paytm has secured approval from a government panel that oversees investments linked to China to invest 500 million rupees ($6 million) in a key subsidiary, three sources with direct knowledge of the matter said. The approval, which still has to be vetted …
Exclusive-India’s Paytm gets government panel nod to invest in payments arm, sources say Read More »
By Bharath Rajeswaran and Manvi Pant BENGALURU (Reuters) -India’s benchmark NSE Nifty 50 resumed its rally to all-time highs after two sessions, led by car maker Maruti Suzuki, while a strong macroeconomic growth outlook and steady return of foreign inflows continued to aid sentiment. The NSE Nifty 50 was up 0.33% at 24,401.20 points as …
India’s Nifty 50 resumes rally to record-high levels Read More »
By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee was largely flat in early trading on Tuesday as mild dollar sales from state-run banks supported the currency even as most of its Asian peers slipped. The rupee was at 83.4775 against the U.S. dollar as of 10:10 a.m. IST, barely changed from its previous close …
Rupee flat; state-run banks’ dollar sales support as Asian peers slip Read More »
