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Rupee falls to record low of 91.01 against USD; govt cites trade gap, delay in India-US trade deal

Mumbai, Dec 16 (PTI) The rupee fell 23 paise against the greenback to settle at a new all-time low of 91.01 (provisional) on Tuesday, as the government in the Rajya Sabha attributed the sliding value of domestic currency to widening trade deficit and the ongoing developments related to the India-US trade agreement. During the session, the local unit lost 36 paise from its previous close against the greenback to hit its lowest-ever level of 91.14, but regained some ground later in the day. Even a weaker greenback and a sharp decline in global crude oil prices could not prevent the

Sensex tumbles 533.50 pts dragged by foreign fund outflows, weak global trends

Mumbai, Dec 16 (PTI) Benchmark Sensex tumbled 533.50 points and the broader Nifty declined to the 25,860 level on Tuesday as persistent foreign fund outflows, a weak rupee and sluggish global market trends dented investor sentiment. The 30-share BSE Sensex tanked 533.50 points or 0.63 per cent to settle at 84,679.86. During the day, it dived 592.75 points or 0.69 per cent to 84,620.61. The 50-share NSE Nifty dropped 167.20 points or 0.64 per cent to 25,860.10. Among Sensex firms, Axis Bank tanked the most by 5.03 per cent. Eternal, HCL Tech, Bajaj Finserv, Tata Steel, UltraTech Cement and Bajaj

Gold edges higher as dollar eases ahead of year-end US jobs data

Dec 16 (Reuters) – Gold prices edged higher on Tuesday, supported by a softer dollar, as investors awaited the release of key U.S. jobs data that could shape expectations for the Federal Reserve’s policy path in the new year. Spot gold was up 0.1% at $4,311.64 per ounce, as of 0230 GMT, extending a year-to-date rally of more than 64% that has seen bullion smash multiple records. U.S. gold futures were little changed at $4,333.20. The U.S. dollar hovered near a two-month low in early Asian trade, lending support to greenback-priced bullion. “The dollar’s performance remains subdued which is helping

Rupee falls 9 paise to record low of 90.87 against US dollar in early trade

Mumbai, Dec 16 (PTI) The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal. However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade. The rupee

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