The Indian rupee appreciated for the second straight day on likely overseas funds inflow into local stocks, while bond yields dropped to fresh six-week low tracking a sharp fall in US Treasury yields, dealers said
Record weak rupee weakness of international markets and domestic markets have been battered condition. Into Indian markets international markets only kind of vigorous atmosphere of degradation has been unleashed. All major index of BSE in red are obvious. Realty Index was down 3 per cent. Metal, Bank, Capital Goods, Oil & Gas and Auto indices are broken by 2 per cent. PSU, power, consumer durables, FMCG, Pharma and Technology Index has dropped around 1-2 per cent. IT index falling 0.5 per cent. Midcap and Smallcap stocks like this giant is beating the issue of shares....
Get Nifty Trend and Share Tips For Today here- http://onlinetradingttips.blogspot.in/2013/06/nifty-is-looking-down-today-says-udayan.html
As we have predicted, Tuesday started on a promising note, but the market is still in loss but its covered the halfway as the Indian rupee depreciated and Europe behaved erratically. Nifty has covered the lose of previous session and Sensex rise more than 260 points in the first few hours of today's session (it had crashed 664 points in previous two sessions)..................
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With rupee gaining against the Dollar, gold prices on India's MCX is charting a positive trajectory. In the initial hours of the trade, MCX gold gained 0.14% to touch Rs.31083/10 grams.
With rupee gaining against the Dollar, gold prices on India's MCX is charting a positive trajectory. In the initial hours of the trade, MCX gold gained 0.14% to touch Rs.31083/10 grams.
India, struggling with its rising current account deficit, may hike the import duty on gold for the third time this year in order to curb demand for the precious metal which accounts for a major portion of imports, according to industry experts who also expressed fear that further increase in tax would hurt sales in the festival season amid falling rupee.
Highest Price of Gold in Indian History India gold prices surpassed the record it set on Wednesday by climbing Rs 130 per 10 grams to Rs 30,550 on Thursday as weak rupee continues to impact prices.Silver also advanced (today) on Thursday by Rs. 100 to Rs.
RBI launches New Digital Currency in India, in 2022, with an aim to provide an alternative to physical cash & develop the next-generation financial system of India.