Business

January 17, 2025 7:19 PM January 17, 2025 7:19 PM

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Gold-Silver Prices Dip in Indian Market

In the Indian Bullion Market, 24 Karat Gold was trading down by 0.3 percent at 79,000 rupees per 10 grams, while Silver 999 Fine was also trading 0.98 percent down at 91,680 rupees per kilogram, a short while ago. At the Multi Commodity Exchange, gold was also trading down today. The precious metal,...

January 17, 2025 7:15 PM January 17, 2025 7:15 PM

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RBI Bulletin: India’s Economic Growth Poised for Rebound Amid Rising Rural Demand

The Reserve Bank’s monthly bulletin for January 2025 has informed us that India's economic growth is poised to rebound as domestic demand has started to regain strength. As per the ‘State of the Economy’ article authored by a team led by RBI Deputy Governor Michael Debabrata Patra, rural demand cont...

January 17, 2025 6:50 PM January 17, 2025 6:50 PM

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Oil Prices Rise Amid Supply disruptions Following US Sanctions on Russian Energy

Oil prices advanced today amid concerns of supply disruptions due to the latest US sanctions on Russian energy. Brent Crude was trading nearly flat at 81 dollars and 32 cents per barrel, while WTI Crude gained over 0.2 percent to trade at around 78 dollars and 95 cents per barrel when reports last c...

January 17, 2025 6:46 PM January 17, 2025 6:46 PM

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Asian Markets Show Mixed Trend; European Indices Surge Over 1%

Major Asian indices displayed mixed trends today. Hong Kong's Hang Seng Index gained 0.31 percent, Singapore's Straits Times Index added 0.25 percent, and China's Shanghai Composite Index gained 0.18 percent. Meanwhile, Japan's Nikkei ended down over 0.3 percent, and South Korea's Kospi fell 0.16 pe...

January 17, 2025 6:44 PM January 17, 2025 6:44 PM

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India’s Forex Reserves decline by $8.7 Billion to $625.87 Billion, RBI Data Reveals

India's foreign exchange reserves declined by 8.7 billion dollars to 625.87 billion dollars in the week ending January 10, the latest data released by the Reserve Bank of India (RBI) showed today. In the previous week, the country's forex reserves had dropped by 5.6 billion dollars for the week endi...

January 17, 2025 6:34 PM January 17, 2025 6:34 PM

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US Stocks Slip as Investors focus on corporate earnings

US stocks fell yesterday, as investors focused on corporate earnings and a gauge set of macroeconomic data, including strong retail sales numbers in December and a more than-expected increase in the jobless claims for the previous week, which largely remained at levels consistent with a healthy labo...

January 17, 2025 6:31 PM January 17, 2025 6:31 PM

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Rupee Slips 6 Paise to ₹86.61 Against Dollar; Dollar Index at 109

In the Forex market, the rupee today fell by 6 paise to settle at 86 rupees and 61 paise against the US dollar. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 109 in intra-day trade.

January 17, 2025 7:20 PM January 17, 2025 7:20 PM

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Indian Markets End Losing Streak: Sensex-Nifty Fall

Benchmark domestic equity indices today logged losses, snapping their three-day winning streak. The broader market indices at BSE, including the Mid-Cap and the Small-Cap indices, ended nearly unchanged. The 30-share index at the Bombay Stock Exchange, Sensex, dropped 423 points, or 0.55 percent, to...

January 17, 2025 8:19 AM January 17, 2025 8:19 AM

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India’s electronics exports surge 35% to record high in Dec 2024

India's electronics exports surged by 35.11 per cent to a two-year high of 3.58 billion dollars in December 2024 from 2.65 billion dollars in the same month of the previous year. Commerce Ministry said this reflects the increase in foreign demand for high-value Indian goods and rising domestic produ...

January 16, 2025 7:35 PM January 16, 2025 7:35 PM

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RBI allows overseas branches of authorised Banks to open INR accounts

  To promote cross-border transactions in Indian Rupee and local currencies, the Reserve Bank of India has liberalised the Foreign Exchange Management Act (FEMA). Overseas branches of Authorised Dealer banks can now open INR accounts (accounts that hold Indian Rupee)  for non-residents to settle per...

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