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The rupee gained marginally while bonds were steady on Monday as investors stayed on the sidelines in a holiday-shortened Christmas week likely to see diminishing foreign fund flows.Foreign funds are usually light on their investments towards the year-end and prefer to start investing fresh funds only at the beginning of the new year, leading to lower volumes in most markets globally.Both debt and ...
A co-founder of troubled Indian carrier SpiceJet Ltd has asked for more time to finalise a rescue plan, a government official with direct knowledge of the matter said on Monday.Ajay Singh, who helped set up the airline in 2005, was expected to submit a plan on Monday. The official said Singh had sought two to three weeks to finalise the plan.Singh is in talks with U.S.-based private equity investors ...
Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe-haven appeal.Strength in oil prices also supported bullion, but gains in gold could be difficult to hold due to expectations of higher U.S. interest rates and a strong outlook for the dollar."The bullion market faces tough upside resistance ...
In a mixed pattern of trading, gold prices declined by Rs 45 to Rs 27,265 per ten gram at the bullion market today owing to slackened demand from jewellers at prevailing levels even as metal rise in global markets. Silver, however, found fresh buying support from industrial users and recovered by Rs 760 to Rs 36,900 per kg. Bullion traders said easing demand from jewellers and retailers at current ...
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