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Gold hits over one-week high on weaker dollar, US fiscal concerns

May 21 (Reuters) – Gold prices rose on Wednesday to their highest in more than a week as the dollar weakened and investors sought safety amid U.S. fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.5% at $3,305.39 an ounce by 0408 GMT, after hitting its highest level since May 12 earlier in the session. U.S. gold futures gained 0.7% to $3,307.30. The dollar retreated to its lowest since May 7, making greenback-priced gold cheaper for holders of overseas currency. “The general dollar index lost more than a full point in the last 24 hours

Markets bounce back in early trade on buying in bank stocks

Mumbai, May 21 (PTI) Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after heavy drubbing in the previous session amid buying in blue-chip bank stocks and a firm trend in Asian peers. The 30-share BSE benchmark gauge Sensex bounced back in early trade and climbed 267.68 points to 81,454.12. The NSE Nifty went up by 82.25 points to 24,766.15. From the Sensex firms, Nestle, HDFC Bank, Hindustan Unilever, Maruti, UltraTech Cement, ICICI Bank, Axis Bank, Tata Consultancy Services, Tata Motors and State Bank of India were the biggest gainers. Eternal, IndusInd Bank, Adani Ports and

Rupee falls 9 paise to 85.67 against US dollar in early trade

Mumbai, May 21 (PTI) The rupee depreciated 9 paise to 85.67 against the American currency in early trade on Wednesday, as market sentiment soured under pressure from rising US Treasury yields and persistent foreign fund outflows. Forex traders said global crude oil prices intensified the downside pressure on the USD/INR pair. At the interbank foreign exchange, the domestic unit opened at 85.65 and fell to 85.67 against the greenback, registering a loss of 9 paise over its previous close. On Tuesday, the rupee depreciated 16 paise to close at 85.58 against the US dollar. The rupee fell on Tuesday as

FIR filed against BJP IT cell chief Amit Malviya, Republic TV chief Arnab Goswami

Bengaluru, May 21 (PTI) An FIR has been registered against BJP IT cell head Amit Malviya and Editor-in-Chief of Republic TV, Arnab Goswami for allegedly running false information, police said. The case was registered at High Grounds police station on Tuesday, based on the complaint from the Indian Youth Congress’s legal cell head Shrikant Swaroop B N against the duo under section 192 (wantonly giving provocation with an intent to cause riot) and 352 (Intentional insult to provoke breach of peace) of the Bharatiya Nyaya Sanhita, they said. Swaroop accused Malviya and Goswami of “masterminding a heinous and criminally motivated

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