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Precious metals shine
Dec 13,2016

Bullion prices ended higher at Comex on Monday, 12 December 2016 at Comex. Gold futures settled higher reversing course from earlier declines after finding support from a weaker dollar ahead of a U.S. interest-rate rise that is expected later this week.

Gold for February delivery edged up by $3.90, or 0.3%, to settle at $1,165.80 an ounce after tapping a low of $1,152.50. The metal has suffered five weekly losses in a row, settling Friday at its lowest level in 10 months.

March silver tacked on 22 cents, or 1.3%, to $17.187 an ounce.

The Federal Reserve is widely expected to raise rates on Wednesday. Higher rates typically cause the dollar to strengthen, which often weighs on commodities priced in dollars. Rate increases also can peel investors away from gold because it doesnt pay interest.

On Monday, the ICE U.S. Dollar Index was down nearly 0.7%, providing some support for dollar-denominated gold prices. But year to date, the index has climbed over 2%.

Todays economic data was limited to the Treasury Budget statement for November, which showed a deficit of $137 billion while the consensus expected a deficit of $135 billion.

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Rupee Gains ahead of RBI meet
Dec 06,2016

Rupee closed higher at 67.8385 per Dollar on Tuesday (06 December 2016), versus its previous close of 68.2175 per Dollar.

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Rupee sags
Dec 06,2016

Rupee on Monday closed lower at 68.2175 per Dollar on Monday (05 December 2016), versus its previous close of 68.03/04 per Dollar last Friday.

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Rupee marches further ahead
Dec 01,2016

Rupee closed higher at 68.34/35 per dollar on Thursday (01st December 2016), versus its previous close of 68.39/40 per dollar.

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Rupee drifts
Nov 28,2016

Month-end dollar demand from the importers led to rupee weakness on Monday (28 November 2016). Rupee closed lower at 68.7079/7200 per dollar, versus its previous close of 68.4799/4900 per dollar last Friday.

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Rupee recovers
Nov 25,2016

Rupee recovered to close at 68.4799/4900 per dollar on Friday (25 November 2016), versus its previous close of 68.7179/7330 per dollar.

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Rupee sags to touch record low
Nov 24,2016

Rupee closed lower at 68.7179/7330 per dollar on Thursday (24 November 2016), versus its previous close of 68.56/57 per dollar.

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Rupee loses
Nov 21,2016

Rupee closed lower at 68.1550/1650 per dollar on Monday (21 November 2016), versus its previous close of 68.13/14 per dollar last Friday.

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Rupee wilts
Nov 18,2016

Rupee shed further to close lower at 68.13/14 per dollar on Friday (18th November 2016), registering its 4th consecutive weekly loss. The rupee earlier closed at 67.8279/8430 per dollar on Thursday.

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Rupee plunges further
Nov 16,2016

Rupee settled lower at 68.0259/0410 per dollar on Wednesday (16 November 2016), versus its previous close of 67.7299/7800 per dollar.

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Rupee flutters
Nov 15,2016

A broad gain of the US Dollar against a basket of currencies led to a free fall in rupee value. Rupee closed at 67.7299/7800 per dollar on Tuesday (15th November 2016), versus its previous close of 67.3799/3900 per dollar on Friday.

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Indian market closed for trading on Monday
Nov 14,2016

Indian stocks, bonds and currency markets will be closed on Monday (14th November) for a holiday. Trading will resume on Tuesday.

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Rupee slides
Nov 11,2016

Rupee slipped to close lower at 67.3799/3900 per dollar on Friday (11 November 2016), versus its previous close of 66.6079/6230 per dollar.

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Rupee retreats
Nov 10,2016

Rupee closed lower at 66.6079/6230 per dollar on Thursday (10 November 2016), versus its previous close of 66.4250/4350 per dollar.

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Rupee shrugs off initial losses
Nov 09,2016

Rupee started the days trade with losses due to the uncertainty about the banking measures after the Governments move to withdraw larger banknotes from circulation coupled with U.S. Elections results.

The greenback later shrugged off its losses to close higher at 66.4250/4350 per dollar, versus its previous close of 66.6099/6200 per dollar as the investors looked the move as a positive sign for the economy.

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