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Rupee falls in afternoon trade |
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India rupee fell again in the red in afternoon trade Thursday as oil refiners scaled up dollar purchases to meet month-end import commitments.
At 1:50 pm, the partially convertible rupee was at 43.78/79 per dollar, weaker than Wednesday's close of 43.71/72.
However, but a steeper fall was curbed by expectations of the RBI intervention. The RBI intervened in the market after the rupee fell to 44.26 on Tuesday and helped it recover some of its losses.
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| Technical Calls |
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Russia may buy remaining 203 tonnes of IMF gold |
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Which country will not buy the remaining gold reserve from International Monetary Fund (IMF), following India's purchase of 200 tonnes of gold last week? Bullion analysts say China is set buy the remaining 203 tonnes of IMF gold. But China is not alo |
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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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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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