Gold Silver Reports – The dollar extended gains to hit a fresh three-week high against the other major currencies on Friday, as the release of strong U.S. data boosted optimism over the strength of the economy.
Currencies
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Gold Price Slip Dollar Up
Gold Silver Reports – Gold prices slipped on Friday as the dollar ticked up and European share markets extended their rally but was heading for a weekly gain as buying surged via exchange traded funds.
India Rupee Slip on Suspected Central Bank Intervention
Gold Silver Reports – Rupee pared declines from near a record low as traders said state-run lenders sold the greenback on behalf of the Reserve Bank of India.
RBI to Be Driving State Banks to Raise Provisioning
Gold Silver Reports → The standalone credit profiles of many Indian public sector banks should come under pressure unless there is meaningful action to restore capital adequacy, says Fitch Ratings.
Crude Oil , Currencies Follow Chart
Gold Silver Reports → While Asia imports the bulk of the crudeoil it uses, cheaper crude does little to boost the region’s currencies. Crude Oil rates …
India Rupee, Bonds Drop on Concern Global Funds to Cut Holdings
Gold Silver Reports → Reserve Bank of India Governor Raghuram Rajan is rebuilding the country’s foreign reserves as he sees an unavoidable slide in the rupee until the war on inflation is won.
Rupee Depreciation Needed
Gold Silver Reports – Indian central bank Governor Raghuram-Rajan said that a certain amount of depreciation in the rupee is necessary as he works toward bringing down inflation.