After seven straight rate hikes totaling 4.25% and an eighth anticipated on Wednesday, Federal Reserve governors are preparing to halt their inflation campaign and wait for results.
Import duty on gold: Gold prices plunged over Rs 2,100 on Monday after the Union Finance Minister Nirmala Sitharaman announced the changes in customs import duty rate for precious metals.
New Delhi, Feb 1 (GoldSilverReports) – India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold.
The shares of KPIT Technologies traded between gains and losses after it clocked better-than-expected results in the third quarter ended December.
Shares of Cholamandalam Investment and Finance Co. advanced 7.08% as of 10:02 am, to Rs 757 apiece in trade on Wednesday after the third-quarter net income and revenue beat analysts’ estimates.
The USD/INR pair has delivered an upside break of the consolidation formed in a narrow range of 81.66-81.77 in the Asian session. The asset is demonstrating optimism amid a recovery move shown by the US Dollar Index (DXY) after dropping to near 101.70.
Shares of Power Grid Corp of India gained at open after the company posted better-than-expected third quarter earnings.