Ponmudi R, CEO of Enrich Money, said, “MCX Gold has been consolidating in the range of ₹1,33,400 to ₹1,35,300 for the past week. It is trading below a significant resistance. Buying is being observed on every dip. The zone of ₹1,33,000 to ₹1,31,500 will act as support. If there is a decisive breakout above ₹1,34,500…
Rupee hit an all-time low on Tuesday, breaching the 91 level against the US dollar for the first time. With this fall, the currency extended its losing streak, repeatedly plunging to fresh record lows amid sustained foreign fund outflows and ongoing trade-related uncertainty.In the last 10 trading sessions, the currency has weakened from the 90-per-dollar…
Rupee extended its downward rally on Tuesday, slipping to a record low of 90.83 against the US dollar. The currency began trading on a weak note, opening 0.1% lower at 90.79 against Monday’s close of 90.73, as continued foreign fund outflows and trade-related uncertainty weighed on the domestic currency.The muted opening follows a sharp sell-off…
Rupee continued its downward rally on Monday, falling to an all-time low of 90.58 against the US dollar. This dip marks second week of record lows after the currency fell to 90.55 against USD earlier, on Friday.The currency is struggling with familiar headwinds, weighed down by delays in a US trade deal, persistently weak capital…
Daily Quiz 1. Which global luxury fashion house has responded to criticism over using Kolhapuri chappal designs by partnering with Indian artisans and state bodies in Maharashtra and Karnataka to produce a limited-edition sandal collection blending traditional craftsmanship with international design? A. Gucci B. Prada C. Dior D. Louis Vuitton 2. Which major entertainment company…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
Market experts anticipate a period of sideways movement. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade ahead of the RBI policy. While Nifty50 was above 26,000, BSE Sensex was around 85,250. At 9:18 AM, Nifty50 was trading at 26,037.90, up 4 points or 0.016%. BSE…
File photo (Picture credit: ANI) The Indian rupee’s slide past Rs 90 per US dollar for the first time ever has shifted sentiment in the equity market and raised fresh concerns for investors. The breach of this psychological level has come on the back of weak capital flows, steady demand for dollars from importers, and…
Priyanka Gandhi Vadra; PM Narendra Modi NEW DELHI: Asked to comment on the rupee breaching the 90 mark against the US dollar for the first time, Congress MP Priyanka Gandhi Vadra on Thursday recalled Prime Minister Narendra Modi’s 2013 jibe at his predecessor, then–PM Manmohan Singh, and told reporters that the question should be directed…
Rupee extended its downward momentum on Wednesday, falling 9 paise to hit its lowest level of 90.05 against US dollar in early trade. With this, the currency continued its week streak, recording new lows since the week began. Earlier on Tuesday, Rupee fell 42 paise to close at 89.95 against the US dollar further down…