The Japanese yen, a safe haven in uncertain times, firmed against the dollar on Tuesday, as the euro and sterling suffered due to doubts over Italy’s budget spending and over British Prime Minister Theresa May’s future with Brexit talks stalled.
Indian Rupee
Gold vs FD: How to Choose Auspicious Investment This Diwali
Gold Silver Reports (GSR) – As the biggest Indian fiesta, the festival of lights — Diwali — is round the corner, all the people have been ready with their respective to do lists on the auspicious occasion.
Narendra Modi Urges Oil Suppliers to Review Payment Terms to Give Rupee Relief – Gold Silver Reports
Indian Prime Minister Narendra Modi urged global oil suppliers on Monday to review payment terms in order to give relief to the country which is struggling with a weakening currency.
Rare Gandhi currency collection on display in Dubai
Dubai: Long-time Dubai resident Ram Kumar Tolani, 63, is exhibiting his massive collection of coins and banknotes bearing the image of Mahatma Gandhi to commemorate 150th birth anniversary of India’s ‘Father of the Nation’.
Rupee Crashes to New Record Closing Low of 74.06 Against US Dollar
Rupee Crashes to New Record Closing Low — The rupee today touched a life-time low of 74.23 (intra-day) after the Reserve Bank of India (RBI) unexpectedly kept the policy rate unchanged.
Gold is Falling Despite China Rate Cut – Gold Silver Reports
Gold is losing altitude in Asia, having repeatedly failed to take out the 50-day exponential moving average (EMA) last week.
The Value of $1 in Indian Rupee (₹) History – Gold Silver Reports
As we can see, there has been a clear upward trend in the Dollar value, set against INR. The question becomes why. Why is the value of Indian Rupee continuously depreciating, reaching its lowest ever?
Reasons For The Rupee’s Fall – Gold Silver Reports
Reasons for the rupee’s fall
Global crude oil prices have been on a steady ascent, straining India’s finances. In October, brent crude oil prices breached the $85-per-barrel level for the first time in over four years. There are concerns that the $100-level may not be too far.
Gold Prices Up for 3rd Day in Row, Silver Rates Gain
Gold Silver Reports (GSR) – Global spot gold rate was steady at $1,213.05 an ounce, as of 0650 GMT, after hitting as high as $1217.85 in early trade. US gold futures were down 0.2% at $1,221.4 an ounce. Gold prices had rebounded on Friday from a 17-month low of $1,204 per ounce as dollar slipped after data showed US job growth slowed in July.
Gold Prices Recover on Positive Global Cues – Gold Silver Reports
Gold Silver Reports (GSR) – Marketmen said firm global cues where gold inched up as the US dollar slid lower after strong US economic growth data while concerns remain about trade tensions between the US and Europe, attributed the recovery in gold prices, the agency reported.