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Rupee trades in ranges
Aug 09,2016

Rupee closed at 66.84/85 per dollar on Tuesday (09 August 2016), slightly up from its previous close of 66.8425/8525 per dollar.

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Rupee closes steady
Aug 08,2016

Rupee closed almost steady on Monday (08 August 2016) at 66.8425/8525 per dollar, versus its previous close of 66.83/84 per dollar.

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Rupee sheds
Aug 03,2016

Rupee closed lower on Wednesday (03 August 2016) at 66.99/67.00 per dollar, versus its previous close of 66.70/72 per dollar.

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Rupee glitters
Aug 01,2016

Rupee closed higher on Monday (01 August 2016) at 66.74/75 per dollar, versus its previous close of 66.94/96 per dollar.

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Rupee falters
Jul 15,2016

Rupee closed lower on Friday (15 July 2016) at 67.0250/0450 per dollar, versus its previous close of 66.91/92 per dollar.

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Dull day for bullions
Jul 15,2016

Bullion prices ended lower on Thursday, 14 July 2016 at Comex. Gold futures finished with a loss on Thursday, their fifth in six sessions, as global equities mostly climbed after the Bank of England surprised investors by opting not to cut benchmark interest rates. Many had expected a rate cut in the wake of the U.K.s decision to exit the European Union. U.S. stocks climbed and European equities ended mostly higher following the BOE decision, dulling investment interest in gold.

August gold fell $11.40, or 0.9%, to settle at $1,332.20 an ounce. Prices gained 0.6% on Wednesday after a four-session decline.

September silver eased by 9.1 cents, or 0.5%, to $20.322 an ounce. Silver futures settled near a two-year high on Wednesday.

The ICE U.S. Dollar Index was up ahead of the BOE decision, but traded 0.1% lower at golds settlement. Gold often trades inversely with the greenback, but the rally in the stock market helped to draw investors away from gold.

The Bank of England unexpectedly left unchanged its key interest rate at a record low of 0.5%. It also ymade no changes to its 375-billion-pound ($495 billion) asset-purchase program. Markets had overwhelmingly priced in chances of a rate cut, which would have been the first since March 2009. The decision marked the first after the 23 June referendum in the U.K. that set the country on course to exit the European Union, or Brexit.

Among economic reports expected for the day, weekly jobless claims were unchanged, suggesting no significant rise in layoffs, while the producer prices index jumped last month, also pointing to a healthier level of inflation and growth. Separately, Atlanta Fed President Dennis Lockhart said in a speech he wasnt worried about an outbreak of inflation from the current stance of policy.

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Gold settles down for a fourth session in a row
Jul 13,2016

Bullion prices ended lower on Tuesday, 12 July 2016 at Comex. Silver futures turned lower on Tuesday, surrendering what would have been a nearly two-year settlement high as a rally in U.S. equities tarnished the appeal of precious metals, including gold.

Gold settled down for a fourth session in a row. August gold slid $21.30, or 1.6%, to settle at $1,335.30 an ounce. September silver pulled back, losing 13 cents, or 0.7%, to settle at $20.17 an ounce. Silver had traded as high as $20.595 an ounce early Tuesday, buoyed by hedging demand and for its use as an industrial commodity. Prices for the white metal have posted gains in eight of the last nine trading sessions.

Declines for precious metals came as U.S. stocks soared to new heights on Tuesday, dulling interest in the shiny metals. The S&P 500 index and Dow Jones Industrial Average both touched intrada highs after stronger-than-expected earnings from Alcoa which marked the kickoff to earnings season.

Gold and silvers advances had been supported by accommodative central-bank policies, including ultralow interest rates throughout much of the developed world. Lower rates make precious metals, which dont bear yield, relatively more attractive. Precious metals also serve as a hedge against inflation.

Moves for metals also come as the ICE U.S. dollar index edged down 0.1% as the dollar eased against other chief rivals. Precious metals and the dollar often move inversely but can break that relationship from time to time.

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Rupee little changed
Jul 12,2016

Rupee closed little changed at 67.18/19 per dollar on Tuesday (12 July 2016), versus its previous close of 67.14/15 per dollar.

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Rupee closes slightly up
Jul 08,2016

Rupee closed higher at 67.3625/3725 per dollar on Friday (08 July 2016), versus its previous close of 67.39/40 per dollar.

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Rupee closes positive
Jul 07,2016

Rupee closed higher on Thursday (07 July 2016) at 67.39/40 per dollar, versus its previous close of 67.4450/4750 per dollar on Tuesday. Indian currency markets were closed on Wednesday on the account of local holiday.

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Rupee firms up
Jul 04,2016

Rupee closed higher on Monday (04 July 2016) at 67.2650/2750 per dollar, versus its previous close of 67.34/37 per dollar last Friday.

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Precious metals glitter
Jun 27,2016

Bullion prices ended higher at Comex on Friday, 24 June 2016. Gold futures rallied on Friday to finish at their highest level in nearly two years as investors rushed to buy the metal in the wake of the U.K.s decision to exit from the European Union. Gold tends to rally in times of economic, market or political uncertainty because precious metals are considered a haven asset. As might be expected, riskier assets, including U.S. stocks, tumbled.

August gold jumped $59.30, or 4.7%, to settle at $1,322.40 an ounce with prices marking the largest single-session dollar and percentage climb since September 2013. Gold futures traded as high as $1,362.60. Thats nearly $100 an ounce above Thursdays settlement, which marked a fifth-straight session decline. For the week, gold was up 2.1% after settling last Friday at $1,294.80.

July silver rallied by 43.6 cents, or 2.5%, to $17.789 an ounce, with prices set for the highest settlement since late April. The metal saw a 2.2% weekly gain.

The U.S. Dollar Index, the measure of the buck against a basket of currencies, ended up 2%. The dollar and gold often move inversely, but as other vote-sensitive currencies moved lower against the dollar, the greenback logged short-term gains that unhooked the currency from its typically inverse relationship with gold.

Global equity markets tumbled overnight as participants reacted to a surprise result from yesterdays Brexit vote. The Leave camp carried the referendum after receiving 51.9% of vote. In response, European indices paced the retreat as investors looked ahead to the multi-year legal process of withdrawing the UK from the EU. Additionally, foreign exchange markets were in focus as the pound sank to a three-decade low (1.3231) against the dollar.

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Brexit drags rupee down
Jun 24,2016

Rupee closed lower at 67.9380 per dollar on Friday (24 June 2016) on the wake of Britain exit from the European Union. Rupee was earlier at 67.25/26 per dollar on Thursday.

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Rupee gains ahead of Brexit
Jun 23,2016

Rupee gained to close at 67.25/26 per dollar on Thursday (23 June 2016), versus its previous close of 67.45/46 per dollar.

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Weak day for bullions
Jun 23,2016

Bullion prices fell for a fourth straight session on Wednesday. 22 June 2016 to settle at their lowest level in two weeks ahead of a highly anticipated referendum on the U.K.s membership in the European Union.

Gold for August delivery declined by $2.50, or 0.2%, to finish at $1,270 an ounce, with prices logging their lowest settlement since June 8. July silver shed less than penny to end at $17.312 an ounce.

Gold prices ended lower Wednesday even as a broad measure of the dollar dipped in the red. The ICE U.S. Dollar Index was down 0.2%. U.S. equities traded mostly higher.

Adding to pressure was a fresh poll on Thursdays U.K. n++Brexitn++ referendum, which showed the n++leaven++ camp with a slight, albeit statistical insignificant, edge. The vote will help to determine Britains membership in the European Union.

Gold had climbed for much of early June because shaky economic data prompted the Federal Reserve to pare back its projected course for interest-rate hikes. Fed Chairwoman Janet Yellen offered little in congressional testimony Tuesday and Wednesday to shift expectations for a gold-supportive go-slow approach to rate raises.

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