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Gold retreats from peak level to trade Rs 1,300 lower at Rs 1.13 lakh/10 g on profit booking

New Delhi, Sep 17 (PTI) Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserve’s policy decision. According to the All India Sarafa Association, gold of 99.5 per cent purity declined by Rs 1,300 to Rs 1,13,300 per 10 grams (inclusive of all taxes) on Wednesday. On Tuesday, the precious metal of 99.9 per cent and 99.5 per cent purity had jumped Rs 1,800 each to touch a lifetime high of Rs 1,15,100 and Rs

Rupee rises 25 paise to close at 87.84 against US dollar

Mumbai, Sep 17 (PTI) The rupee appreciated 25 paise to close at 87.84 (provisional) against US dollar on Wednesday, tracking a positive trend in domestic equities and supported by optimism over US–India trade negotiations. Forex traders said the Indian rupee strengthened for the fourth consecutive session on Wednesday and rose to the highest level in two and a half weeks on broad weakness of the American currency amid hopes of a US Fed rate cut. They said investors are closely following the Federal Reserve’s policy decision as dollar softness globally is triggering rupee’s strength. The market is expecting a 25-bps

Stock markets rally for 2nd day amid US trade talk optimism, Fed rate cut hopes

Mumbai, Sep 17 (PTI) Benchmark indices Sensex and Nifty rose for the second day on Wednesday on buying in IT, banking, and auto shares by investors enthused by positive day-long discussions with the visiting US team on a bilateral trade deal. The 30-share BSE Sensex edged higher by 313.02 points or 0.38 per cent to settle at 82,693.71. During the day, it jumped 361.26 points or 0.43 per cent to 82,741.95. The 50-share NSE Nifty climbed 91.15 points or 0.36 per cent to 25,330.25. Growing expectations of a rate cut by the US Federal Reserve and positive US-India discussions on

Federal Reserve wrestles with how many interest rate cuts to make and how fast

WASHINGTON, September 17, 2025 (AP) — With the Federal Reserve widely expected Wednesday to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months? There are typically two different approaches the central bank takes to lowering borrowing costs: Either a measured pace that reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in an often-doomed effort to stave off recession. For now, most economists

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