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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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Gold price peaks to Rs16,900 in India bullion market |
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Gold prices in India continue to peak. On Satruday, gold prices spiked to a new high of Rs 16,900 per 10 gram in the bullion market. Gold dealers said strong marriage season demand amid firmimg global trends are driving gold prices in India. |
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Sri Lanka shoring up gold reserves |
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The Gold Price in Euros peaked on Feb. 20th above €782 an ounce. "We have been fairly strong accumulators of Gold reserves over the past few months," said Sri Lankan central bank chief Ajith Nivard Cabraal to Reuters today in an interview from Chenna |
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NMCE-Muthoot tie up for gold guinea, coins, bars |
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The National Multi-Commodity Exchange, India's third largest multi commodity exchange, has signed a deal with financial services company Muthoot Group to facilitate the futures trade in the guinea contract system. |
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Cardamom futures rose at the MCX counter Friday as the demand for the commodity in the spot market is seen firm against the lower than expected stockpiles. |
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MCX Comdex was up by 0.67% to 2687.20. MCX Energy was down by 0.98% to 2765.22, MCX Metal was up by 1.45% to 3130.30 and MCX Agri was up by 2.78% to 2182.39. |
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Domestic crude oil futures are trading with mild losses Friday as the impacts of the late sell of continued to linger on the market. |
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