Business

September 21, 2023 5:23 PM

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Crude oil prices slip to 92 per barrel as Fed pauses on hikes again

Crude oil prices slip to $92 per barrel as Fed pauses on hikes again. The US Fed held interest rates steady today while indicating one more hike before the end of 2023 and fewer rate cuts in the next year.   In intra-day trade, Brent crude was trading down by 1 dollar at 92 dollars and 53 cents...

September 21, 2023 5:18 PM

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U.S. stock index futures decline as Treasury yields jump after Fed hints hike

U.S. stock index futures declined as growth stocks took a hit from a jump in Treasury yields after the Federal Reserve held interest rates steady while hinting at another hike this year.     The Nasdaq Composite index slumped 1.5 percent, the S&P 500 slipped 0.9 percent and the Dow Jon...

September 20, 2023 5:09 PM

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Rupee closes at 83.07 against US dollar

The Rupee, hovering near a record low, is expected to remain under pressure amid focus on crude oil prices and the U.S. Federal Reserve's policy decision.   In the forex market, the rupee today closed 20 paise lower at 83 rupees and 07 paise against the US dollar.     The do...

September 18, 2023 9:32 PM

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Gross Direct Tax collections registered Rs 9.87 lakh crore for FY 2023-24

The Gross Direct Tax collections have witnessed robust growth of 18.29 percent so far in this financial year with over nine lakh 87 thousand crore rupees. In the last financial year, over eight lakh 34 thousand crore rupees gross direct tax collections were recorded.   In a statement, the Minis...

September 18, 2023 7:58 PM

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RBI says any reversion to OPS from NPS by States would be fiscally unsustainable

Reserve Bank of India has said that any reversion to the Old Pension Scheme (OPS) from the New Pension Scheme (NPS) by the States would be fiscally unsustainable, though it may result in an immediate fall in their pension outgo.  It also said that at a time when most of the countries are moving...

September 15, 2023 5:42 PM

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Rupee closes at 83.18 against US dollar

In the forex market, the rupee today closed at 83 rupees and 18 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 105.20 in intra-day trade.

September 15, 2023 5:36 PM

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Gold price rise Rs 240, trade at Rs 58,830/ 10 gram

Gold was trading up today at Multi Commodity Exchange for October contracts. The precious was up 240 rupees at 58,830 rupees per 10 grams. Silver was also gained by 1,285 rupees to trade at 72,265 rupees per kilogram for December Contracts when reports last came in.   In the global markets, gol...