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Source: Live Mint The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve (FED) would keep cutting rates, reported the news agency Reuters. The US dollar rose…
Source: Live Mint —Donald Trump, The Art of the Deal Some have called it the ‘greatest political comeback of all time’. Others labelled it as the world’s most extreme ‘reality television show’. Donald Trump’s crushing victory in the US presidential elections has elicited a range of responses, from giddy delight to soul-crushing despair. But for…
Source: Live Mint Gold prices in India extended decline on Thursday, mirroring global weakness in the yellow metal after Republican Donald Trump’s 2024 US election victory triggered a sharp correction. Analysts anticipate further short-term pressure on gold rates due to political and economic factors impacting the bullion’s safe-haven appeal. MCX gold prices have dropped over…
Source: Live Mint The Iranian Rial fell on Wednesday, November 6, to an all-time low as former President Donald Trump raced for the U.S. presidency again, reported the news agency AP. The rial traded at 703,000 rials to the dollar. The last two times the Iranian Rial took a hit was in 2015. At the…
Source: Live Mint (Bloomberg) — US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to a presidential election that remains too close to call. The yield on 10-year Treasuries rose three basis points to 4.31%, nearing a three-month high, with strategists and investors warning…
Source: Live Mint Political risk—the notion that an election might have a meaningful impact on financial markets—used to be something that was the concern of emerging-market investors. Those in rich countries paid attention to central bankers, rather than politicians. Things are a little different today. In the run-up to America’s presidential election on November 5th,…
Source: Business Standard Indian rupee hovered close to a record low on Tuesday (Photo: Shutterstock) 2 min read Last Updated : Oct 15 2024 | 11:54 AM IST The Indian rupee hovered close to a record low on Tuesday, pressed by a fall in its regional peers, while mild dollar sales from state-run banks…
Source: Business Standard The rupee has remained under pressure this month due to sustained outflows from local equities. (Photo: Shutterstock) 2 min read Last Updated : Oct 14 2024 | 11:07 AM IST The Indian rupee dropped to an all-time low on Monday, weighed down by persistent dollar demand from foreign banks, likely for…
Source: Live Mint Indian rupee depreciated to a record low on Monday, following weakness in Asian peers, weighed down by elevated crude oil prices and strong US dollar. The local currency dipped to a lifetime low of 84.0725 to the US dollar, inching past the prior low of 84.07 hit on Friday. The rupee opened…
Source: Business Standard The RBI had intervened in both the non-deliverable forwards and local spot forex market to help the rupee stay above the psychologically important 84 mark, traders said. 2 min read Last Updated : Oct 11 2024 | 5:26 PM IST India’s foreign exchange reserves fell for the first time in eight…
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