global markets

Rupee slumps 54 paise to 69.60 vs USD

7:30 pm August 2, 2019

Mumbai: The rupee dived 54 paise on Friday to close at an over six-week low of 69.60 against the US dollar as soaring crude oil prices and a fresh flare up in US-China trade tensions weighed on emerging market currencies. Global markets tumbled and safe-haven assets like the Japanese yen gained after President Donald Trump […]

Rupee gains 15 paise to 68.51 against dollar

8:09 pm July 9, 2019

Mumbai: The rupee Tuesday recovered by 15 paise to close at 68.51 against the greenback on fag-end selling of the US currency by banks and importers in line with late recovery in domestic equities. Strengthening crude oil prices and a stronger greenback in global markets, however, kept the rupee rise in check. Investors were also […]

5G an opportunity for Indian industry to reach out to global markets: Eco Survey

7:17 pm July 4, 2019

New Delhi: The upcoming 5G technology is an opportunity for Indian industry players to reach out to global markets while building a digital payment, knowledge and services economy, according to the Economic Survey 2018-19. The government has plans to make India 5G ready by 2020 and conduct spectrum auction for providing radiowaves for 5G this […]

Gold glitters, jumps Rs 200 amid positive global market

7:27 pm June 25, 2019

New Delhi: Gold prices jumped by Rs 200 to Rs 34,470 per 10 gm in the national capital Tuesday on increase in demand from local jewellers and positive global markets as investors are preferring the yellow metal as safe haven amid US-Iran tensions. Tracking the movement of gold, silver prices also rose by Rs 110 […]

Sensex soars 489 pts as dovish Fed lifts global markets

8:34 pm June 20, 2019

Mumbai: Equity benchmark Sensex surged 489 points Thursday in tandem with upbeat global markets after the US Federal Reserve’s dovish stance galvanised investor sentiment. The 30-share Sensex, after a lacklustre opening, witnessed across-the-board buying led by banking, healthcare and auto counters. It finally settled 488.89 points, or 1.25 per cent, higher at 39,601.63. Similarly, the […]