The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, buoyed by positive domestic market trends and a broad decline in crude oil prices, PTI reported. Forex traders said the central bank’s intervention also provided support, although a firm US dollar capped sharper gains.The rupee opened at 88.80 and…
India and South Korea have agreed to explore joint initiatives in the fields of electronics, electric vehicle (EV) components and trusted digital supply chains, the commerce ministry said on Friday.The discussions took place between Minister of State for Commerce and Industry Jitin Prasada and his Korean counterpart Yeo Han-Koo on the sidelines of the G20…
Central banks around the world are increasing the percentage of gold reserves in their overall foreign exchange reserves. (AI image) Gold is on a record-breaking spree – even by its safe haven standards! Gold prices have been rising to new lifetime highs both in the domestic and international markets – smashing records with a bull…
Silver rate today: Silver prices surged sharply in Delhi on Friday, jumping Rs 8,500 to close at a record Rs 1,71,500 per kilogram, driven by robust safe-haven demand and ongoing supply constraints in global markets.The All India Sarafa Association reported that silver had closed at Rs 1,63,000 per kilogram on Thursday. Over the past three…
US stocks drifted close to record levels on Friday, while oil prices fell sharply following a ceasefire in Gaza, easing concerns over Middle East supply disruptions.The S&P 500 inched up 0.2%, coming off just its second loss in the past ten sessions, while the Dow Jones Industrial Average gained 215 points, or 0.5%. The Nasdaq…
AI image means for representation only The government has opened senior management positions in public sector banks, including State Bank of India (SBI), to private sector professionals, a move aimed at broadening the talent pool for top banking leadership.Under the revised appointment guidelines, one of the four Managing Director (MD) posts at SBI is now…
India’s foreign exchange reserves fell by $276 million to $699.96 billion for the week ended October 3, according to Reserve Bank of India (RBI) data.In the previous week, the country’s forex reserves had declined by $2.334 billion to $700.236 billion, PTI reported.Foreign currency assets, the largest component of the reserves, dropped $4.049 billion to $577.708…
India’s new real-time cheque clearance system, introduced by the Reserve Bank of India to speed up payments, is facing early teething issues.Many customers have reported delays as the bank staff is struggling with new processes, and technical glitches are affecting cheque processing, ET reported.The first phase of the continuous clearing and settlement process under the…
Gold rate today: Gold futures advanced Rs 527 to Rs 1,21,020 per 10 grams in domestic trade on Friday, tracking a firm trend in global markets as investors widened bets on expectations of interest rate cuts by the US Federal Reserve.On the Multi Commodity Exchange (MCX), gold for December delivery gained 0.44%, after retreating from…
The Trump administration has made another attempt to ensure fairness for US workers, asking China to bar its airplanes from flying over Russia as it puts American airlines at a disadvantage.The US government on Thursday presented a proposal to stop Chinese airlines from flying over Russia on routes to and from the United States, arguing…
