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August 15, 2023 7:38 PM
Russia has hiked interest rates to 12 percent after the rouble fell to its lowest value in 16 months. The currency fell past 100 per dollar yesterday, prompting Russia's central bank to hold an emergency meeting. Meanwhile, today the currency recovered slightly to 98 roubles to the dollar, b...
August 14, 2023 8:17 PM
India’s overall exports in July this year are estimated at 59.43 billion dollars, despite global headwinds. Commerce and Industry Ministry said that the overall trade deficit has improved by 45.22 percent during July this year to 8.35 billion dollars from 15.24 billion in July last year. Merchandi...
August 13, 2023 9:06 PM
The Centre has decided to release 50 Lakh Metric Tonnes of wheat and 25 LMT of rice through E-auctions under the Open Market Sale Scheme (Domestic) or OMSS (D) scheme. The reserve price of rice has been reduced by 200 rupees per quintal, with the effective price now being 2,900 rupees per quintal. D...
August 11, 2023 8:20 PM
The index of industrial production grew by 3.7 percent in June 2023 from 5.3 percent in May this year. As per the Ministry of Statistics and Programme Implementation data released today, manufacturing sector's output grew by 3.1 percent and Mining output rose by 7.6 percent for the reported per...
August 11, 2023 6:29 PM
Asian stock markets today ended in red. China's Shanghai Composite index declined two percent and Hong Kong's Hang Seng index depreciated 0.9 percent. Singapore's Straits Times index fell 0.87 percent and South Korea's Kospi lost 0.4 percent. Japan's Nikkei-225 was closed in...
August 11, 2023 5:22 PM
Wall Street's main indices ended in green yesterday, due to milder-than-feared inflation data as investors worried about the U.S. economy's longer-term prospects. The Dow Jones Industrial Average advanced 0.15 percent, the Nasdaq Composite index appreciated 0.12 percent and the S&P 500...
August 11, 2023 5:15 PM
In the forex market, the rupee closed at 82 rupees and 84 paise against the US dollar. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was at 102.50 in intra-day trade. ...
August 9, 2023 5:42 PM
All three major US benchmark stocks finished lower yesterday in a broad sell-off after the downgrading of several lenders by credit rating agency Moody. The investor sells amid fear about the health of U.S. banks and the economy. The Dow Jones Industrial Average fell half a percent,...
August 8, 2023 6:28 PM
Gold prices today fell 40 rupees at Multi Commodity Exchange for October contracts. The precious metal was trading at 59,380 rupees per 10 grams. Silver also declined 355 rupees to trade at 70,915 rupees per kilogram for September Contracts when reports last came in. In the global markets, gold w...
August 8, 2023 6:28 PM
Asian stock markets today traded mixed. Japan's Nikkei-225 gained 0.4 percent and Singapore's Straits Times index rose marginally by 0.1 percent. On the other hand, Hong Kong's Hang Seng index plunged 1.8 percent, and South Korea's Kospi and China's Shanghai Composite index,...
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