A persistent and robust demand for the dollar in the non-deliverable forwards (NDF) market caused the Rupee to drop to a new low of 85.73 against the US dollar on December 27, prolonging the decline for the ninth consecutive day. Compared to the US dollar, the rupee has lost 3% of its value this year…
As investor confidence was encouraged by evidence of strong summer demand and easing inflationary pressures in the world’s largest oil market, the United States, oil prices surged during early Asian trading hours on Friday. Up 37 cents, or 0.4%, to $85.77 per barrel, were Brent crude futures. With a 0.6% increase, U.S. West Texas Intermediate…
A depressing U.S. economic report was the main factor driving yesterday’s 0.18% increase in gold prices to settle at 61,020. Some Federal Reserve Board members who worry that the U.S. economy is overheating may find their worries reduced as a result of this research. Non-farm payrolls grew by 150,000 in October, according to the U.S….
