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New Delhi: Finance Minister Arun Jaitley alleged that the Congress had damaged the national economy while in power and wants to pursue the same destructive direction while in opposition. "The Congress was concerned with how to block official business and legislation in the Parliament. The party had damaged national economy while in power and wants to pursue the same destructive direction while in ...
China's surprise interest rate cut is another step toward softening the country's exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005.The People's Bank of China (PBOC) cut one-year benchmark lending rates on Friday, a move celebrated by Chinese corporates struggling against a toxic combination of high debt load and weak end demand.Analysts ...
Gold prices gained marginally after sliding over the last two sessions at the domestic bullion market today due to renewed offtake by jewellery stockists and traders to meet seasonal demand. Elsewhere, silver also recovered sharply to reclaim Rs 37,000 per kg-mark on heavy speculative demand coupled with firm industrial support. Standard gold (99.5 purity) moved up by Rs 30 to end at Rs 26,405 per ...
After two days of losses, gold regained its glitter to trade Rs 50 higher at Rs 26,800 per ten gram at the bullion market in the national capital today. This was due to emergence of buying by jewellers and retailers, supported by ongoing wedding season demand amid a firm global trend. Silver also advanced by 50 to Rs 36,550 per kg on increased offtake by industrial units and coin makers. Traders said ...
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