Onmanorama Lite App
Indian Rupee has weakened to breach the 90-mark against the US dollar due to persistent FII outflows and banks buying dollars.
Global banks and analysts foresee no immediate relief in gold prices
The Indian Stock Market faces pressure from FII selling and rupee depreciation, impacting overall investor sentiments.
The rupee faces pressure from import dollar demand, external tariff concerns, and anticipation of US inflation data.
The increase in gold prices in the state is attributed to rising international rates.
The price of silver also touched a record high in Kerala, rising to ₹133 per gram.
To purchase one sovereign of gold, including the minimum making charges and GST, one has to pay ₹83,500.
This is the first time the rupee has breached the 88-mark against the greenback.
Equity markets too end on a high.
Forex traders said continued foreign investor interest in Indian assets provided fundamental support to the local unit.
Results 1-10 of 64
