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Starkly firm US dollar index overseas is likely to bring the Indian rupee under pressure in opening trades on Wednesday. The dollar index that measures the greenback against a basket of currencies is seen at 110.53, fresh two decade lows tracking the benchmark treasury yields hovering at 3.34%. However, foreign fund inflows into Indian equities and falling oil prices could benefit the domestic unit. On […]

In today's early trade, gold and silver prices increased, with 10 grams of gold trading for Rs 51,160

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Copper futures are paring gains on Wednesday tracking lower equities overnight. The major averages finished the session at their worst closing levels in well over a month. The Dow fell 173.14 points or 0.6 percent to 31,145.30, the Nasdaq slid 85.96 points or 0.7 percent to 1,544.91 and the S&P 500 dipped 16.07 points or 0.4 percent to 3,908.19. Meanwhile, worsening energy crisis in Europe […]

Crude oil prices have plunged sharply to its lowest level since January this year as demand concerns resurface amid growing recession worries. Major central bankers are on a rate hiking spree while China, the top consumer is seen locking down once again amid rising COVID cases, further adding to demand woes for the commodity. WTI crude oil futures are down nearly 2% at $85.36 per […]

Wipro: Wipro announced that it has entered an expanded collaboration with Palo Alto Networks to deliver managed security and network transformation solutions like SASE (Secure Access Service Edge), cloud security and next-generation SOC (Security Operations Center) solutions based on Zero Trust principles for global enterprises. Paras Defence and Space Technologies: The company has entered into an Exclusive Teaming Agreement with ELDIS Pardubice s.r.o., Czech Republic […]

Cues from other foreign markets are negative

Service sector activity in the U.S. unexpectedly grew at a slightly faster rate in the month of August, according to a report released by the Institute for Supply Management. Services PMI inched up to 56.9 in August from 56.7 in July, with a reading above 50 indicating growth in the sector. The modest increase by the headline index came as the business activity index rose […]

Gold is trading on the down side in early Asia on Wednesday, adding to previous day losses as dollar index is marching ahead firmly on rising bets of a rate hike. The dollar index that measures the greenback against a basket of currencies is seen at 110.53, fresh two decade lows tracking the benchmark treasury yields hovering at 3.34%. Data overnight confirmed US service sector […]

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