Surendra Mardia News
Precious metals firm up as rupee continues to fall
The depreciation in the rupee had a minimal impact on global commodities in India due to reduced local demand especially in the base metals sector. The impact was slightly more on precious metals due to buoyant consumers’ sentiment in the ongoing festive season.
The rupee declined 0.43 per cent to surpass the benchmark 50 and closed at 50.03 against the dollar.
As compared to 1.37 per cent rise
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