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Rupee falls 2 paise to close at 86.07 against US dollar

Mumbai, Jun 25 (PTI) The rupee gave up its gains and settled for the day lower by 2 paise at 86.07 (provisional) against the US dollar on Wednesday, on recovery in global crude oil prices and the US Dollar index. A strong show in the domestic equity markets prevented steep losses in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 86.00 against the US dollar and traded in the range of 85.79-86.14 before settling at 86.07 (provisional), down 2 paise from its previous close. Rupee opened in the positive on a surge in

Gold slips Rs 300 to Rs 98,600/10 g, silver plunges Rs 1,000 amid weak global cues

New Delhi, Jun 25 (PTI) Gold prices slipped Rs 300 to Rs 98,600 per 10 grams in the national capital on Wednesday due to unabated selling by stockists in line with weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 98,900 per 10 grams on Tuesday. Extending the losses for the fifth straight session, gold of 99.5 per cent purity dipped by Rs 250 to Rs 98,050 per 10 grams (inclusive of all taxes). “Gold consolidated at the lower end of the range with a moderate bearish

Gold futures rise Rs 274 to Rs 97,297 per 10 gm on spot demand

New Delhi, Jun 25 (PTI) Gold prices on Wednesday increased Rs 274 to Rs 97,297 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for August delivery traded higher by Rs 274 or 0.28 per cent at Rs 97,297 per 10 grams in a business turnover of 13,447 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures rose 0.26 per cent to USD 3,332.41 per ounce in New York

Indian descent Mamdani on verge of winning New York City’s Democratic mayoral contest after Cuomo concedes

NEW YORK, June 24 (Reuters) – Indian descent, Zohran Mamdani, a 33-year-old state lawmaker and self-described democratic socialist, was poised on Tuesday to win New York City’s Democratic mayoral primary in a surprising upset over former New York Governor Andrew Cuomo. In brief remarks to supporters, Cuomo, 67, who had been seeking a political comeback four years after resigning amid sexual harassment allegations, said he had called Mamdani to congratulate him. “Tonight is his night,” Cuomo said while conceding the race to Mamdani. Mamdani, who entered the campaign as a virtual unknown, was ahead of Cuomo 43.5% to 36.4% with

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