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Rupee plunges 30 paise to 86.56 against US dollar in early trade

Mumbai, Apr 9 (PTI) The rupee lost further ground on the fourth straight session, declining sharply by 30 paise to 86.56 against the US dollar in early trade on Wednesday ahead of the Reserve Bank’s monetary policy decisions. Forex traders said that despite a steep fall in crude oil prices and a weak American currency, the looming worldwide trade war continued to stoke fears of global economic meltdown, fuelling withdrawal of foreign funds with the stock markets remaining shell-shocked. At the interbank foreign exchange, the rupee opened at 86.52 and hit the low of 86.60 before strengthening a tad to

Gold falls Rs 200 to Rs 91,250/10 g; Silver rebounds

New Delhi, Apr 8 (PTI) Gold prices fell by Rs 200 to Rs 91,250 per 10 grams in the national capital on Tuesday amid subdued demand in the local markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 91,450 per 10 grams on Monday. Gold of 99.5 per cent purity dipped Rs 200 to Rs 90,800 per 10 grams. It had concluded at Rs 91,000 per 10 grams in the previous market close. However, silver prices rebounded after falling for the past five sessions and rose by Rs 200

Violence, communalism pushing country into abyss of hatred: Congress targets BJP, RSS at CWC meet

Ahmedabad, Apr 8 (PTI) Violence and communalism are pushing the country into an abyss of hatred, the Congress said on Tuesday to target the BJP and RSS, while asserting that it was determined to emulate Sardar Vallabhbhai Patel’s resoluteness by fighting the religious polarization frenzy. In a resolution passed at the Extended Congress Working Committee, the party said the ideology of make-believe confrontation and mischievously professed division had led to the spread of a deliberate web of lies about conflicts between Sardar Patel and Jawaharlal Nehru. “In reality, it was an attack on the very ethos of our freedom struggle

Gold futures rise Rs 695 to Rs 87,623/10g

New Delhi, Apr 8 (PTI) Gold prices on Tuesday rose Rs 695 to Rs 87,623 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 695 or 0.8 per cent at Rs 87,623 per 10 grams in a business turnover of 14,966 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.67 per cent to USD 3,003.41 per ounce in New York.

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