Business / The Sen Times
New Delhi, Oct 3 (PTI) Gold prices fell by Rs 500 to Rs 1,20,600 per 10 grams in the national capital on Friday, ending a five-day record-extending rally, as investors booked profits and a slight recovery in the US dollar weighed on sentiment. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity had rallied Rs 1,100 to hit an all-time high of Rs 1,21,100 per 10 grams on Wednesday. Gold of 99.5 per cent purity also retreated from its peak, slipping Rs 500 to Rs
Mumbai, Sep 23 (PTI) The rupee depreciated 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as headwinds like enhanced US tariffs on Indian goods, as well as the US H-1B Visa fee hike, dented investor sentiments. Forex traders said that global risk aversion and trade policy uncertainty have also exacerbated the rupees depreciation. At the interbank foreign exchange, the rupee opened at 88.41, then lost further ground and touched an intraday low of 88
Mumbai, Sep 23 (PTI) Benchmark indices Sensex and Nifty slipped in the negative territory after rising in early trade on Tuesday amid fresh foreign fund outflow and concerns over the steep hike in US H-1B visa fees. The 30-share BSE Sensex climbed 147.53 points to 82,307.50 in early trade. The 50-share NSE Nifty went up by 48.5 points to 25,250.85. However, soon after both the benchmark indices turned negative. The BSE benchmark quoted 185.86 points lower at 81,980.47, and the Nifty traded 61.50
New Delhi, Sep 17 (PTI) Gold prices retreated from peak levels and traded Rs 1,300 lower at Rs 1,13,800 per 10 grams in the national capital on Wednesday, as investors rushed to book profits ahead of the US Federal Reserves policy decision. According to the All India Sarafa Association, gold of 99.5 per cent purity declined by Rs 1,300 to Rs 1,13,300 per 10 grams (inclusive of all taxes) on Wednesday. On Tuesday, the precious metal of 99.9 per cent and 99.5 per cent purity had jumped Rs 1,800 ea
Mumbai, Sep 16 (PTI) The rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday. Forex traders said the rupee has faced persistent pressure from uneven flows and US President Donald Trumps tariff shocks. Accordingly, the Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward (NDF) m
Mumbai, Sep 16 (PTI) Benchmark equity indices Sensex and Nifty rebounded in early trade on Tuesday amid hopes of progress in the India-US bilateral trade talks. A day-long talk on the India-US bilateral trade deal will be held on Tuesday. A rally in global peers also instilled optimism in the domestic stock market ahead of this weeks US Federal Reserve policy meeting. The 30-share BSE Sensex climbed 201.69 points to 81,987.43 in early trade. The 50-share NSE Nifty went up by 52.8 points to 25,12
New Delhi, Sep 15 (PTI) Gold prices fell Rs 148 to Rs 1,09,222 per 10 grams in the domestic futures market on Monday, mirroring a weak global trend as market participants stayed cautious ahead of the US Federal Reserves policy decision. On the Multi Commodity Exchange (MCX), the most-traded October futures fell Rs 148 or 0.14 per cent to Rs 1,09,222 per 10 grams in a turnover of 15,852 lots. The December contract also moved lower, shedding Rs 111 or 0.10 per cent to Rs 1,10,323 per 10 grams in 5
Mumbai, Sep 12 (PTI) Equity benchmark indices Sensex and Nifty climbed in early trade on Friday in-tandem with a global market rally amid rising hopes that the US Federal Reserve will cut interest rates next week. The 30-share BSE Sensex climbed 287.93 points to 81,836.66 in early trade. The 50-share NSE Nifty rallied 84.25 points to 25,089.75. From the Sensex firms, Infosys climbed 1.50 per cent after the IT services giant said its board has approved the companys largest-ever share buyback prog
Mumbai, Sep 12 (PTI) The rupee witnessed range-bound trading in moring deals on Friday and depreciated 7 paise to 88.42 against the US dollar, as tariff-led pressure on Indias exports and sustained foreign fund outflows dented investors sentiments. Forex traders said the domestic unit is hovering around its all-time low level amid a recovery in the US dollar index and persistent foreign fund outflows. Dollar demand from importers and ongoing tariff issues between India and US also pressurised th
New Delhi, Sep 11 (PTI) Gold prices hit a fresh lifetime high of Rs 1,13,100 per 10 grams in the national capital on Thursday, advancing by Rs 100 on sustained buying by stockists, according to the All India Sarafa Association. Gold prices have been on a bull run this year, skyrocketing by Rs 34,150 or 43.25 per cent, from Rs 78,950 per 10 grams on December 31, 2024. The precious metal of 99.5 per cent purity also advanced Rs 100 to touch a fresh record peak of Rs 1,12,600 per 10 grams (inclusiv
Mumbai, Sep 9 (PTI) The rupee appreciated 14 paise to 87.95 against the US dollar in early trade on Tuesday, tracking a positive trend in domestic equities even as concerns over US tariffs on India weighed on the domestic unit. Forex traders said the rupee is likely to remain under pressure on worries over US tariffs on India and global uncertainty. Moreover, recent record lows for the domestic unit are prompting a possible RBI intervention to cap the losses in rupee, they said. At the interbank
Mumbai, Sep 8 (PTI) Benchmark equity indices Sensex and Nifty rallied in early trade on Monday tracking a firm trend in global markets amid hopes of a rate cut by the US Federal Reserve later this month. The recent GST rate cut announcement also added to markets optimism during the initial trade. The 30-share BSE Sensex climbed 296.26 points to 81,007.02 in early trade. The 50-share NSE Nifty rallied 90.35 points to 24,831.35. From the Sensex firms, Tata Steel, Tata Motors, Mahindra & Mahindra,
Mumbai, Sep 5 (PTI) The rupee rose 1 paisa to 88.11 against the US dollar in early trade on Friday on the back of a weaker greenback and a drop in global crude oil prices. However, sustained FII outflows capped further gains in the local unit, according to forex traders. Positive sentiments in the domestic equity markets further lent support to the rupee, which had slipped to its record low-level earlier this week, they said. At the interbank foreign exchange, the rupee opened at 88.11 against t
Mumbai, Sep 3 (PTI) The rupee recovered 15 paise from its all-time low level to 88.00 against the US dollar in early trade on Wednesday as persistent foreign fund outflows and dollar strength weighed on investor sentiments. Forex traders said the rupee is trading near an all-time low level, driven by risk-averse sentiments amid India-US trade deal uncertainty. Moreover, a muted trend in domestic equities further dented investors sentiments. At the interbank foreign exchange market, the rupee ope
Mumbai, Sep 3 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday, tracking weak global market trends and relentless foreign fund outflows. Caution also prevailed in the equity market ahead of the GST Council meeting beginning Wednesday. The 30-share BSE Sensex declined 153.28 points to 80,004.60 in early trade. The 50-share NSE Nifty dipped 46.4 points to 24,533.20. From the Sensex firms, Infosys, Bajaj Finance, Hindustan Unilever, Bharti Airtel, ICICI Bank and
Mumbai, Aug 28 (PTI) The rupee rose 10 paise to 87.59 against the US dollar in early trade on Thursday, supported by a weaker dollar index and easing Brent crude prices. Besides, the Reserve Bank of India (RBI) stepped in to protect the local unit from crossing its all-time low, further supporting the local unit, according to forex traders. However, FII outflows and weaker domestic equity markets prevented sharper gains in the local unit as an additional 25 per cent US tariffs on Indian products
Mumbai, Aug 26 (PTI) The rupee depreciated 22 paise to 87.78 against the US dollar in early trade on Tuesday after the US issued a draft notice detailing plans to impose an additional 25 per cent tariff on India. Forex traders said the rupee lost momentum as worries over the looming 25 per cent US tariff on Indian goods, set to take effect from August 27, drove strong dollar demand from importers. The United States has issued a draft notice detailing plans to implement the additional 25 per cent
Mumbai, Aug 25 (PTI) Benchmark indices rebounded in early trade on Monday in line with a rally in global equity markets on hopes of a potential US Federal Reserve rate cut. Buying in IT stocks also drove the markets higher during the initial trade. The 30-share BSE Sensex climbed 285.62 points to 81,592.47 in early trade. The 50-share NSE Nifty went up by 91.25 points to 24,961.35. From the Sensex firms, Infosys, Tata Consultancy Services, HCL Tech, Tech Mahindra, Bajaj Finance, and Tata Steel w
Mumbai, Aug 19 (PTI) The rupee appreciated 19 paise to 87.20 against the US dollar in early trade on Tuesday, reflecting the optimism around domestic reforms and equities, though external risks remain elevated. Forex traders said the rupee is holding firm at current levels, tracking the recent rally in domestic equities after sweeping tax reforms announced by PM Narendra Modi. Moreover, suspected RBI intervention and cautious optimism around the Ukraine-Russia conflict supported investors sentim
Mumbai, Aug 18 (PTI) The rupee edged higher by 20 paise to 87.39 against the US dollar in early trade on Monday, amid a positive trend in domestic equities. Forex traders said the uncertainty over the trade tariffs issue between India and the US is likely to keep market participants cautious. At the interbank foreign exchange market, the rupee opened at 87.46 against the US dollar, then touched 87.39, registering a gain of 20 paise over its previous close. On Thursday, the rupee settled for the
BERLIN, August 14, 2025 (AP) President Donald Trump warned Wednesday that there will be very severe consequences if Russian President Vladimir Putin does not agree to stop the war against Ukraine after the two leaders meet for a summit later this week in Alaska. Trump made the comment in response to a question from a reporter after announcing this years Kennedy Center Honors recipients in Washington. He did not say what the consequences might be. The remark came soon after Trump consulted with
Mumbai, Aug 13 (PTI) The rupee traded in a tight range and slipped 6 paise to 87.69 against the US dollar in morning trade on Wednesday as depreciation pressures are still lingering amid persistent foreign fund outflows. Forex traders said the rupee is trading in a narrow range as the Reserve Bank of India has stepped up its efforts to curb excessive rupee depreciation. At the interbank foreign exchange market rupee opened at 87.63, then touched an intra-day low of 87.69 against the US dollar in
Mumbai, Aug 12 (PTI) The rupee traded in a narrow range and edged higher by 10 paise to 87.65 against the US dollar in early trade on Tuesday, amid a positive trend in domestic equities. Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the US. Moreover, investors are in a wait-and-watch mode ahead of the US CPI inflation data and are also awaiting cues from the US-Russia talks
Mumbai, Aug 8 (PTI) Equity benchmark indices Sensex and Nifty declined in early trade on Friday amid non-stop foreign fund outflows and tariff-related jitters. The 30-share BSE Sensex declined 242.24 points to 80,381.02 in early trade. The 50-share NSE Nifty dropped 54.85 points to 24,541.30. From the Sensex firms, Bharti Airtel, Infosys, Bharat Electronics, Eternal, Axis Bank and HDFC Bank were among the laggards. However, Titan, Bajaj Finance, NTPC and Bajaj Finserv were among the gainers. For
Mumbai, Aug 7 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday as US President Donald Trump slapped an additional 25 per cent duty doubling it to 50 per cent on Indian goods over New Delhis continued imports of Russian oil. The move that is likely to hit sectors such as textiles, marine and leather exports hard was slammed by India as unfair, unjustified and unreasonable. With this action singling out New Delhi for the Russian oil imports, India will attract
Mumbai, Aug 7 (PTI) The rupee traded in a narrow range and appreciated 5 paise to 87.67 against the US dollar in early trade on Thursday, after US President Donald Trump slapped an additional 25 per cent duty doubling it to 50 per cent on Indian goods over New Delhis continued imports of Russian oil. Forex traders said Trumps aggressive move, which kicks in 21 days, threatens to raise total duties on select Indian exports to as high as 50 per cent making them among the most heavily taxed US i
Mumbai, Aug 6 (PTI) Benchmark indices Sensex and Nifty gave up early gains and were trading lower on Thursday amid caution ahead of the RBIs monetary policy decision and fresh foreign fund outflows. The 30-share BSE benchmark Sensex climbed 280.38 points to 78,551.66 in early trade. The NSE Nifty went up 77.25 points to 23,773.55. Later, both the benchmark indices gave up early gains and were quoting lower. The BSE benchmark traded 126.78 points lower at 78,141.80, and the Nifty quoted 42.85 poi
Mumbai, Aug 5 (PTI) The rupee depreciated 29 paise to 87.95 against the US dollar in early trade on Tuesday, a tad above the crucial 88/USD level, after US President Donald Trumps latest salvos targeting India. Forex traders said the Indian rupee was under pressure and may continue to remain under pressure during this week after Trump said he may announce higher tariffs for India for continuing to buy Russian oil. In a fresh trade threat against India, President Donald Trump on Monday said he wi