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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 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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Rupee rallies
Nov 07,2016

Rupee closed higher at 66.7350/7450 per dollar on Monday (07 November 2016), versus its previous close of 66.7499/7600 per dollar last Friday.

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Precious metals end on a mixed note
Nov 07,2016

Bullion prices finished on a mixed mode on Friday, 4 November 2016 at Comex. Gold futures settled with a modest gain on Friday to tally a more than 2% climb for the week, as uncertainty surrounding the U.K.s exit from the European Union and the coming U.S. election raised the metals attractiveness as a haven. U.S. data showed a sizable October gain in new jobs, further lifting the prospects for a Federal Reserve interest-rate increase in Decembern++a prospect thats weighed on gold in the past.

Gold for December delivery rose $1.20, or less than 0.1%, to settle at $1,304.50 an ounce. Prices saw weekly gain of 2.2%, which marked the metals fourth-consecutive weekly gain.

December silver reversed from earlier gains to lost 4.5 cents, or 0.2%, to end at $18.371 an ounce, paring its weekly rise to roughly 3.2%.

Latest job report from Labor Department showed that the U.S. added 161,000 new jobs in October, and the unemployment rate fell to 4.9% from 5%, though remained near an eight-year low. Hourly pay, meanwhile, has climbed by 2.8% over the past year, the fastest 12-month rise since June 2009.

On Thursday, the U.K.s High Court said the government cant trigger the Brexit process without approval from parliament. That added more market uncertainty to the mix, which boosts golds investment appeal.

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Rupee settles steady
Nov 04,2016

Rupee closed almost steady at 66.7499/7600 per dollar on Friday (04 November 2016), versus its previous close of 66.74/75 per dollar.

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Rupee skids
Nov 03,2016

Rupee closed lower on Thursday (03 November 2016) at 66.74/75 per dollar, versus its previous close of 66.6829/6980 per dollar.

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Indian currency market closed on Monday
Oct 31,2016

Indian currency market are closed on Monday (31 October 2016) on the occassion of Diwali Balipratipada.

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Rupee Records Gains
Oct 28,2016

Rupee closed with moderate gains on Friday (28 October 2016) at 66.7879/80 per dollar, versus its previous close of 66.8579/8730 per dollar.

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Rupee stable
Oct 27,2016

Rupee closed almost stable at 66.8579/8730 per dollar on Thursday (27 October 2016), versus its previous close of 66.8599/8700 per dollar.

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Bullions shine
Oct 26,2016

Bullion prices ended higher at Comex on Tuesday, 25 October 2016. Gold futures settled Tuesday at their highest level in about three weeks, rebounding from the previous days decline as uncertainty ahead of the U.S. presidential election, some weakness in the U.S. dollar and a fall in domestic equities boosted the metals appeal.

December gold rose $9.90, or 0.8%, to settle at $1,273.60 an ounce. Prices settled at their highest level since 3 October 2016. Prices are still down about 3.1% so far this month.

December silver gained 17.6 cents, or 1%, to $17.78 an ounce.

The precious metals added to earlier gains as the dollar traded off the sessions high. The ICE U.S. Dollar Index edged down by under 0.1% to 98.67, but had earlier touched its highest levels since January. The dollar and gold often move inversely because a firmer buck leaves dollar-priced commodities less desirable to purchasers using another currency.

Traders continued to eye economic data for hints on the prospects for a Federal Reserve interest-rate increase before the end of the year. Higher rates tend to send investors away from precious metals into investments that carry a yield.

A reading on consumer confidence Tuesday showed a decline to 98.6 in October, a three-month low, from 103.5 in September. The FHFA Housing Price Index for August rose 0.7%, which followed an increase of 0.5% in July.

Separately, the Case-Shiller 20-city Home Price Index for August rose 5.1%, which fell in-line with the consensus. This followed the previous months unrevised reading of 5.0%.

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Rupee records moderate gains
Oct 25,2016

Rupee closed with moderate gains on Tuesday (25 October 2016) at 66.7879/80 per dollar, versus its previous close of 66.8499/86 per dollar.

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Rupee closes firm amid dollar demand
Oct 24,2016

Rupee managed to close higher at 66.8499/86 per dollar on Monday (24 October 2016) amid strong demand for dollar. Rupee earlier was at 66.8850/8950 per dollar on Fridays close.

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