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The rupee rose on Wednesday, rebounding from a seven-month low touched earlier in the session as investors saw recent losses as overdone, even as caution prevailed ahead of an extended holiday.The rupee opened weaker at 61.95, a level last seen on March 4, but steadily regained some ground. The unit fell in both the previous sessions, dragged down by a global rally in the dollar due to worries about ...
The BSE Sensex fell on Wednesday, with blue chips such as ITC Ltd retreating, as traders refrained from building positions ahead of an extended holiday period, while foreign investor sales also weighed on sentiment.Markets will be shut from Thursday until Monday for public holidays and re-open for trading on Tuesday.Investors thus opted for caution, given lingering global risk factors such as the continued ...
Continuing its rising streak for the third day, gold prices advanced by Rs 130 to Rs 27,470 per ten grams in the national capital today on increased buying by jewellers and retailers amid ongoing festive season even as the metal weakened overseas. Silver, however, met with resistance and dropped by Rs 1,050 to Rs 38,650 per kg on reduced offtake by industrial units and coin makers. Marketmen said steady ...
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 ...
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