Currencies
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Funds Raised via QIPs at All-Time High of Rs-61118 Crore in 2017
Gold Silver Reports – ✅ Funds Raised via QIPs at All-Time High of Rs-61118 Crore in 2017 — Fund-raising through qualified institutions placement (QIP) showed signs of recovery in 2017 after two years of muted growth. Funds raised through the QIP route in the year gone by were nearly 13 times the money raised in the previous year.
Rupee opens Little Changed against US Dollar
Gold Silver Reports – The Indian rupee on Friday opened little changed against the US dollar as traders avoided taking long positions ahead of a long weekend. Markets will remain closed on Monday due to Christmas.
Stocks Trading Mixed; Dollar, Euro, Yen Steady
Gold Silver Reports – Stocks were mixed amid growing optimism that U.S. legislators are on the brink of passing sweeping tax cuts.
Dollar Eyes Weekly Drop on Tax; Asia Stocks Fall
Gold Silver Reports – Stocks in Asia declined and the dollar headed for its first weekly drop this month as investors assessed messages from Federal Reserve and European Central Bank meetings this week and amid lingering concerns about the Republican tax overhaul package.
Rupee opens flat against US dollar at 64.57
Gold Silver Reports – The Indian rupee opened little changed against the US dollar on Monday as traders avoided taking long positions ahead of the Reserve Bank of India’s monetary policy review.
Rupee Unlikely to Gain Sharply in Short Term, Seen Range-Bound
Gold Silver Reports – The Indian rupee, which closed on two-month high on Tuesday, is unlikely to gain sharply from the current levels in December despite expectation of sustained foreign flows into the local equity market, according to currency dealers.