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India foreign reserves falls to $300.010 bn |
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Foreign exchange reserves of India dipped to $ 300.010 billion for the week ended August 8 from $305.474 billion during the previous week, declined by by $5.464 billion
During the week, the foreign currency assets (FCA) fell by $5.456 billion to $289.760 billion compared to $295.216 billion in the previous week, Reserve Bank of India (RBI) said in its weekly report.
This is the fourth consecutive week that India registered fall in its foreign reserves.
The FCAs expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, it said.
The gold reserves and the special drawing rights, during the period under review, remained static at $9.735 billion and $11 million respectively, the central bank said.
India's reserve position in the International Monetary Fund (IMF) declined by $8 million to $504 million from $512 million in the previous week, RBI said.
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| Technical Calls |
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Dollar investors bring down gold, silver prices |
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Gold slipped again for Dollar investors early in London on Friday, nearing the weekend 1.7% above last week's finish as commodities fell, government bonds rose, and world stock markets dropped. Gold priced in the British Pound Sterling hit a new all- |
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High gold price threatens Indian marriage culture |
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Gold’s auspicious significance within Indian culture will continue to ensure it plays an important role in weddings there, even as India modernizes. But the threat is that the gold price has become much more driven by speculative investment in the pa |
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Gold, silver traders book profit as prices fall |
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Against this changing set of background conditions, New York spot gold bullion opened with an $8 loss, quoted at $1136.70 per ounce. Trade talk indicates a possible dip to the $1100 area prior to a possible renewed assault on the other side of the $1 |
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Crude oil futures continued to trade down in mid London trade Friday as the US dollar strengthened against the major currencies apart from a dip in the global equities. |
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Gold futures fell in negative zone as dollar gathered some strength in mid London trades. Dollar typically strengthens when there are less data releases from US. |
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MCX Comdex was up by 2.35% to 2694.17. MCX Energy was down by 0.22% to 2651.55, MCX Metal was up by 3.70% to 3226.02 and MCX Agri was up by 4.84% to 2255.10. |
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