Oil prices rose on Monday, partially offsetting last week’s 4% decline, as tensions in Venezuela escalated.US West Texas Intermediate crude oil was up 23 cents, or 0.4%, at $57.67 a barrel, while Brent crude futures rose 25 cents, or 0.4%, to $61.37 a barrel. However, with no clear direction in the markets, concerns about oversupply…
After opening at 90.42 per US dollar, the Indian rupee continues its downward trend, reaching a new, historic low of 90.55. As a result, the currency has dropped by more than 6% during the past year. In relation to the US dollar, the domestic currency’s opening was 0.06% lower than its previous close of 90.36….
In November, India’s headline CPI inflation was 0.71% (YoY), 46 basis points higher than in October, when it had fallen to 0.25%, the lowest figure in the current CPI series. According to government data, rising costs for vegetables, eggs, meat and fish, spices, fuel, and light are the primary causes of the increase in headline…
Silver hit an all-time high of $64.31 in the spot market on the morning of December 12, up 8.86 percent in a week. Domestic silver sales fell 10% year-on-year in November 2025, amid the wedding season, when sales typically increase by 100% at this time of the year. Silver prices have increased dramatically. In this…
After opening flat, the Indian rupee fell to yet another record low of 90.46 versus the US dollar. The domestic currency was severely impacted by the uncertainty surrounding the finalization of the stalled trade agreement with the US, and persistent dollar outflows exacerbated the downward pressure. One of the worst-performing Asian currencies is the Indian…
The Maharashtra State Electricity Distribution Company (MSEDCL) has awarded Shakti Pumps (India) a contract worth Rs 443.78 crore to supply and construct 16,025 off-grid DC solar photovoltaic water pumping systems throughout the state. The pumps, which have 3 HP, 5 HP, and 7.5 HP capacities, will be used under the Magel Tyala Saur Krushi Pump…
The Indian rupee lost around 9 paise to the US dollar on Wednesday, closing at 89.96. After opening at a low of 90.03, the currency experienced a slight rebound by the afternoon, reaching 89.88, and then increased slightly, closing at 89.87 against the US dollar. But compared to yesterday’s close of 89.87, today’s end was…
Gold prices rose slightly in Asian markets on Wednesday on expectations that the US Federal Reserve (Fed) will cut interest rates. Silver prices rose faster than gold, hitting a new high above $62 an ounce as silver is expected to be in tight supply and in high demand next year. In addition, the US dollar…
In order to strengthen the banking system, the Reserve Bank of India (RBI) recently announced a number of liquidity initiatives, including bond purchases through open market operations (OMO) and foreign exchange swaps. According to market players, the central bank frontloaded the measures in December, probably taking into account significant withdrawals throughout the month. The majority…
Today, the Indian rupee ended its ongoing downward trend and ended the day at 89.87, up 0.2% versus the US dollar. At 90.12, the local currency had opened on a weak note. The currency reached a peak of 89.84 during trading sessions, according to a Reuters report, although importers intervened to limit more advances. One…
