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RBI policy meet begins; decision on key rate tomorrow
Mumbai: RBI Governor Urjit Patel headed Monetary Policy Committee started two-day deliberations today amid several experts saying that the central bank is unlikely to lower the key interest rate and will stay focused on controlling…
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Gold prices bounce back on jewellers’ buying
New Delhi: Gold prices recovered by Rs 50 to Rs 30,250 per 10 grams at the bullion market today on mild buying by local jewellers, shrugging off a weak trend overseas.
Silver, however, held steady at Rs 39,000 per kg in limited deals from…
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Rupee advances 15 paise against dollar at 64.22
Mumbai: The rupee strengthened by 15 paise to 64.22 against the dollar at the interbank forex market today on increased selling of the American currency by banks and exporters.
The dollar losing sheen against some other currencies overseas…
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Sensex slips 108 pts ahead of RBI meet, on Asian cues
Mumbai: The benchmark BSE Sensex fell over 108 points in opening trade following a cautious stance adopted by participants ahead of the RBI policy review amid weak Asian cues.
The 30-share index fell by 108.10 points, or 0.32 per cent, to…
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Stocks advance in volatile trade on value buying
Mumbai: The benchmark BSE Sensex regained the 33,000-mark by recovering almost 176 points in opening trade today on value-buying by domestic investors in recently battered stocks.
The 30-share index gained 175.53 points or 0.53 per cent…
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Rupee declines by 3 paise against US dollar
Mumbai: The rupee was trading down by 3 paise at 64.49 against the US currency in early trade today at the interbank foreign exchange as the dollar strengthened in global markets after progress on the US tax-cut proposal.
Dealers also…
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RBI likely to keep interest rate on hold for 2nd time in a row
New Delhi: The Reserve Bank is likely to keep the key rate unchanged on Wednesday and stay focused on inflation control as the rebound in September quarter GDP growth - after a five quarter decline - seemed to have eased pressure on it to…
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Gold regains sheen on global cues, jewellers’ buying
New Delhi: Reversing a two-day slide, gold prices rose by Rs 250 to Rs 30,500 for 10 grams at the bullion market today, largely driven by a firm trend overseas amid pick-up in buying by jewellers at the domestic spot market.
Silver,…
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Sensex shrugs off GDP rebound, sinks 316 pts
Mumbai: Falling for the fourth straight session, benchmark Sensex dived 316 points today to close below the 33,000-mark as positive GDP numbers for the second quarter failed to offset growing fiscal deficit concerns.
The 30-share…
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Gold sheds Rs 150 on weak global cues, tepid demand
New Delhi: Gold tumbled by Rs 150 to Rs 30,250 per ten gram at the bullion market today, hit by a subdued trend overseas and falling demand from local jewellers.
Silver too faced selling pressure and lost Rs 125 to Rs 39,200 per kg.…
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