At meeting held on 24 August 2022
The key equity benchmarks ended a volatile session with small gains on Wednesday. Global cues were mixed as investors look forward to Fed Chairman Jerome Powells speech on Friday at the Jackson Hole annual economic symposium. The barometer index, the S&P BSE Sensex added 54.13 points or 0.09% to 59,085.43. The Nifty 50 index gained 27.45 points or 0.16% to 17,604.95. The Nifty opened in […]
The EURO has broken under the parity against the US dollar today, maintaining its recent losing streak and currently quotes at 0.9925, down 0.43% on the day. An escalating power crisis and worries over the economic growth in the region are weighing against the single currency. The US dollar index is holding up around 109 mark as market waits for the Jackson Hole central banking […]
Gold continues to stay under pressure following a mild recovery in the previous session tracking dollar movement. Meanwhile investors focus has shifted to Fridays speech by Fed Chairman Jerome Powell at the Kansas City Feds symposium in Jackson Hole for further cues. The dollar index that measures the greenback against a basket of currencies is quoting higher at 108.71, recovering from yesterdays low of 107. […]
The Indian rupee stayed somewhat range bound restricted by rising crude oil prices while supported by greenback that lost momentum. The domestic currency depreciated 2 paise to close at 79.86 (provisional) against the US dollar on Wednesday. At the interbank foreign exchange market, the domestic currency opened at 79.84 per dollar. It hovered in a range of 79.68 to 79.87 during the session. The domestic […]

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