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Software exporters gain on hopes weakness in currencies against U.S. dollar would aid margins from overseas.Tata Consultancy Services gains 1.9 percent, Infosys up 1.7 percent.Wipro surges 2.4 percent while HCL Technologies advances 2 percent.The dollar index climbed to a four-year high against a basket of currencies. ...
Rupee recovers after opening at 61.95 per dollar, its lowest since March 4. The Indian unit is now trading at 61.7150/72 vs the previous close of 61.7450/61.7550.Traders pare positions ahead of holidays: markets will be closed from Thursday to Monday.Most Asian currencies in the red on concerns about Hong Kong protests.The dollar continues to trade at four-year highs.The Nifty is down 0.24 percent ...
Gold extended losses on Wednesday to trade near a nine-month low and looked likely to break below the key $1,200-an-ounce level, clobbered by a stronger dollar and lack of support from top buyer China.With the dollar at a four-year peak against a basket of major currencies, other precious metals also took a hit. Platinum tumbled to a five-year low, while silver retained sharp overnight losses to trade ...
Supported by rising demand from jewellers and retailers fuelled by the ongoing festive season, gold rose further by Rs 40 to Rs 27,340 per 10 grams in the national capital today. Silver followed suit and gained another Rs 100 to Rs 39,700 per kg on increased offtake by industrial units and coin makers. Bullion traders said sustained buying by jewellery fabricators and retailers to meet the festive ...
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