Rep. image | Photo Credit: The Hindu The rupee appreciated 42 paise to 85.34 against the US dollar in early trade on Tuesday (July 1, 2025), as the American unit plunged to a multi-month low and a positive trend in domestic equities boosted sentiments. Forex traders said the US dollar index weakened in the overseas…
India’s manufacturing and services index hits a 14-month high in June, driven by strong export demand, employment growth, and low inflation. File | Photo Credit: Reuters An index measuring India’s combined manufacturing and services performance rose to a 14-month high in June, driven by strong export demand. The HSBC Flash India Composite Output Index rose…
Gold demand in the March quarter was down 15 per cent at 118 tonnes against 139 tonnes logged in the same period a year ago, largely due to high prices suppressing jewellery sales. However, in value terms the demand was up 22 per cent at ₹94,030 crore against ₹76,820 crore registered last year, according to…
Foreign Institutional Investors offloaded equities worth ₹831.50 crore on June 30, 2025, according to exchange data. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty closed higher in a range-bound trade on Tuesday (July 1, 2025) following gains in Reliance Industries and HDFC Bank. The 30-share BSE Sensex rose by 90.83 points…
At less than 3%, the inflation figure for May is well within the target set by the government of India. This has led to a celebration in the media of the Reserve Bank of India’s prowess in macroeconomic management, of which inflation control is an important part. What has received next to no acknowledgement, though,…
New Delhi: A woman checks gold jewellery on the occasion of Akshaya Tritiya, in New Delhi, Wednesday, April 30, 2025 Gold and silver buying in India — the world’s largest gold consumer — kicked off positively on Wednesday’s auspicious Akshaya Tritiya festival despite high prices, with jewellers’ body GJC projecting gold sales to jump 35…
Image used for representation purpose only. | Photo Credit: Reuters The rupee declined 12 paise to settle at 86.52 (provisional) against the U.S. dollar on Friday (July 25, 2025), tracking negative domestic equity markets and surging global crude oil prices. A strengthening American currency overseas and foreign fund outflows further weighed on the local unit,…
Representative image | Photo Credit: Getty Images/iStockphoto Oman plans to levy personal income tax as part of a broader push to move the sultanate’s economy away from reliance on hydrocarbons. The tax would be a first among the six-member oil-rich Gulf Cooperation Council. The 5% tax will start in 2028 and will only be required…
Despite the increase of almost 40 per cent from last year in terms of gold price, the volume did not drop this year, mainly because of people’s confidence that gold will rise more. | Photo Credit: SHIV KUMAR PUSHPAKAR Chennai housewife RR Priya picked the wrong day to buy silver utensils from a famous jewellery…
Analysts said a weak trend in Asian and European markets also dented investors’ sentiment on July 25, 2025. File | Photo Credit: PTI Stock markets declined for the second day in a row on Friday (July 25, 2025), with the Sensex tumbling 721 points due to heavy selling in financial, IT and oil & gas…
