Indians are among the top investors in gold exchange-trade funds (ETFs) this year as their bet seems to be proving right with the precious metal gaining over 45 per cent so far in 2025. Data from the World Gold Council (WGC) show that India is the seventh largest investing nation in gold as of September…
At the interbank foreign exchange, the rupee opened at 88.73 against the dollar and traded in the range of 88.69-88.80 before settling at 88.79 (provisional), lower by 4 paise against its previous close. File. | Photo Credit: Reuters The rupee fell 4 paise to an all-time low of 88.79 (provisional) against the U.S. dollar on…
The ADB, in its Asian Development Outlook September 2025, released on September 30, 2025, also reduced its growth forecast for developing Asia to 4.8% for the current year 2025 from its forecast in April of 4.9% | Photo Credit: Reuters The Asian Development Bank (ADB) has downgraded India’s growth outlook for the current financial year…
Giving up early gains, the 30-share BSE Sensex declined 97.32 points or 0.12% to settle at 80,267.62. File. | Photo Credit: Reuters Benchmark indices Sensex and Nifty closed lower on Tuesday (September 30, 2025) after a volatile session, marking the eighth consecutive session of southward movement due to relentless foreign fund outflows and caution ahead…
Organised players in the Indian gold jewellery industry are expected to grow faster than the overall industry and capture a 45 per cent market share by FY30, according to a report by Nomura. The report highlighted that the Indian jewellery market has seen significant expansion over the last few years. It grew from $48 billion…
Representative image | Photo Credit: Reuters The rupee rose 3 paise to 88.72 against the U.S. dollar in early trade on Tuesday (September 30, 2025) on the back of a fall in crude oil prices and positive sentiments in the domestic equity markets. However, a marginally stronger greenback, coupled with FII outflows, prevented sharper gains…
The U.S. has imposed high tariffs, notably a 50% duty implemented in August 2025, which significantly impact India’s marine exports. File image used for representation. | Photo Credit: The Hindu The higher tariffs imposed on Indian goods by American President Donald Trump would have a long-term impact, especially for India’s marine exports, officials of the…
market benchmark indices Sensex and Nifty rebounded in early trade after seven days of fall. File | Photo Credit: PTI Benchmark indices Sensex and Nifty bounced back in early trade on Tuesday (September 30,2025) after falling sharply in the past seven trading days, helped by buying in bank stocks. The 30-share BSE Sensex climbed 312.88…
Representational image of gold bars | Photo Credit: Reuters The Reserve Bank of India (RBI) has allowed banks to grant need-based working capital loans to manufacturers using gold as raw material, extending the provision currently available only to jewellers. Banks are generally prohibited from lending for the purchase of gold/silver in any form, or lending…
Gold touched a new record high and Treasuries held their gains as concerns mounted over a US government shutdown. The precious metal, a traditional safe-haven asset, climbed above $3,839 an ounce. The commodity’s 46 per cent rise so far this year is poised to be the best annual gain since 1979. Treasuries were little changed…
