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Rupee falls 25 paise to settle at 85.44 against US dollar

Mumbai, Apr 23 (PTI) The rupee depreciated 25 paise and settled for the day at 85.44 (provisional) against the US dollar on Wednesday, on surge in crude oil prices and importer demand for the American currency. Forex traders said the American currency recovered, supported by Donald Trump’s softened stance — particularly towards the Federal Reserve and China. However, positive domestic markets and weak US dollar index and foreign fund inflows supported the domestic unit at lower levels. Forex traders said the market found support after Trump on Tuesday backed off from threats to fire FED Chair Jerome Powell after days

Stock markets rise for 7th day; Sensex reclaims 80k-level on rally in IT shares, FII inflows

Mumbai, Apr 23 (PTI) Stock markets extended the winning run to seventh day on Wednesday with benchmark BSE Sensex jumping 520 points to close above 80,000 level for the first time in four months driven by strong gains in IT and auto shares. The 30-share Sensex rose by 520.90 points or 0.65 per cent to settle at 80,116.49, the highest closing level since December 18. During the day, it surged 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. Foreign fund inflows and positive global trends also boosted the

Gold demand expected to be hit by surge in prices in short term, say experts

Mumbai, Apr 23 (PTI) High gold prices, which crossed Rs 1 lakh per 10 grams in spot markets, are likely to hit demand in the short term but the market sentiment remains positive due to upcoming key events like Akshya Tritiya and ongoing marriage season buying, say experts.. Gold price of 24-karat variety (999 fineness) traded at Rs 101,350 per 10 grams in the Mumbai bullion market while 22 karat gold was quoted at Rs 92,900 per 10 grams on Tuesday. “The sudden rise in gold price will definitely have an impact on demand, however, when the shock gets absorbed

Gold halts record rally, drops Rs 2,400 to Rs 99,200/10 g amid easing US-China tensions

New Delhi, Apr 23 (PTI) Gold prices took a U-turn from the historic Rs 1 lakh-mark and declined Rs 2,400 to Rs 99,200 per 10 gram in the national capital on Wednesday amid weak global trend. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity spurted by Rs 1,800 to hit the lifetime peak of Rs 1,01,600 per 10 grams on Tuesday. Gold of 99.5 per cent fall sharply by Rs 3,400 to Rs 98,700 per 10 grams on Wednesday, a day after jumping Rs 2,800 to an all-time high of Rs 1,02,100 per

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