Business

May 14, 2024 5:32 PM May 14, 2024 5:32 PM

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Rupee Closes at 83.51 Against US Dollar; Dollar Index at 105.19

  In the forex market, the rupee closed at 83 rupees and 51 paise against the US dollar today. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies was down at 105.19 in intra-day trade    

May 14, 2024 12:04 PM May 14, 2024 12:04 PM

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India’s domestic coal stock surge by 26% this year to reach 149 million tonnes

India's domestic coal stock has surged by 26 percent this year to reach 149 million tonnes. Coal Minister Pralhad Joshi in a social media post informed that the country's production grew by 7.31 percent in April. He also said that the dispatch to power sector has increased by 5.43 percent Year-on-Ye...

May 13, 2024 6:27 PM May 13, 2024 6:27 PM

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Rupee Closes at 83.53 Against US Dollar; Dollar Index Down to 105.28

In the forex market, the rupee closed at 83 rupees and 53 paise against the US dollar today.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies was down at 105.28 in intra-day trade.

May 11, 2024 5:50 PM May 11, 2024 5:50 PM

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Gold prices slip marginally in futures market on Saturday

Gold prices slipped marginally in the futures market on Saturday. The precious metal was lower by 5 rupees or 0.1 per cent, trading at 72,722 rupees per ten grams. However, Silver futures for July contracts were up by 74 rupees or 0.9 per cent, trading at 84,984 rupees per kilogram, when the reports...

May 11, 2024 4:58 PM May 11, 2024 4:58 PM

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Foreign portfolio investors sell over Rs 17,000 cr of equities in May

Foreign portfolio investors (FPIs) have been on a selling spree in May, offloading over Rs 17,000 crore worth of Indian equities. This trend has been influenced by the rise in US bond yields and the stronger performance of Chinese and Hong Kong markets. According to the data provided by National Sec...

May 11, 2024 4:14 PM May 11, 2024 4:14 PM

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India’s factory output rises to 4.9% in March, grows 5.8% in FY24

Factory output, as measured by the Index of Industrial Production (IIP), rose to 4.9 per cent, much higher than the 1.9 per cent recorded in the same month last year. However, the latest IIP figure was lower than the 5.7 per cent recorded in February 2024. For the full financial year 2023-24, the fa...

May 10, 2024 7:33 PM May 10, 2024 7:33 PM

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Pound Strengthens on Strong UK Q1 Economic Growth

The pound rose today after data showed the British economy beat expectations in the first quarter of the year, growing 0.6 percent and leaving behind 2023's mild recession.   Sterling was last up 0.1 percent at 1.2537 dollar, having traded at 1.2516 dollar before the figures were released. The pound...

May 10, 2024 6:15 PM May 10, 2024 6:15 PM

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Gold and Silver Futures Surge Over 1% in Indian Markets; Global Prices Also Rise

Gold and silver prices rose over one percent today in the futures market. The precious metal for the June contracts was higher by 1146 rupees or 1.60 percent, trading at 72,785 rupees per ten grams. Silver futures for July contracts were up by 942 rupees or 1.11 percent, trading at 85,441 rupees per...

May 10, 2024 6:07 PM May 10, 2024 6:07 PM

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Indian Equity Indices End Higher; Sensex Gains 260 Points, Nifty Rises 98 Points

Benchmark equity indices ended higher today, led by gains in heavyweight stocks. However, the indices logged their worst week in two months as they lost nearly two percent this week.   Recovering from the sharp decline in the previous trade, the 30-share BSE Sensex climbed 260 points or 0.36 percent...

May 10, 2024 5:30 PM May 10, 2024 5:30 PM

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Oil Prices Rise on Increased Demand and Gaza Conflict Uncertainty

Oil prices surged today, poised for a weekly increase, driven by data from the US and China indicating heightened demand. Additionally, ongoing uncertainty surrounding the Gaza conflict lent support to prices. The Brent Crude Oil futures was up by 0.69 percent to trade at 84 dollar and 46 cents, whe...