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Rupee depreciates by 25 paise |
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Indian rupee depreciated by 25 paise in late morning trade Monday against the dollar mainly on increased dollar demand from oil refiners amid inadequate supplies and steady crude prices.
Earlier, in active trade at the forex market, the rupee resumed sharply lower at 43.29/31 a dollar from its last weekend's close of 43.01/02 a dollar and later was quoted at 43.26/27 a dollar in late morning deals.
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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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