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Gold surges Rs 1,800 to Rs 1.15 lakh/10 g in Delhi on weak dollar, Fed easing bets

Topnewsplus3 months ago05 mins

Gold price surged Rs 1,800 to touch a fresh peak of Rs 1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve. According to the All India Sarafa Association, the precious metal of 99.5 per cent purity appreciated Rs 1,800…

Rupee ends lower on foreign banks’ dollar bids, dip in regional peers

Topnewsplus7 months ago03 mins

The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline. The rupee closed at 84.4325 against the U.S. dollar, down 0.2% on the day. The offshore Chinese yuan retreated from a near six-month high hit on Monday on…