The Dubai Jewellery Group data shows 24K opening at Dh229.75 per gram on Wednesday as compared to last night’s close of Dh231.0 per gram
The Dubai Jewellery Group data shows 24K opening at Dh229.75 per gram on Wednesday as compared to last night’s close of Dh231.0 per gram
It recovers from its steep loss in the past two sessions amid a massive selling by foreign equity investors and a strengthening American currency
Bonds are seen as the best bets, offering good and stable returns amidst high-interest rates
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Subdued equity market sentiment, elevated level of crude oil prices put downside pressure on the Indian currency, forex traders say
Investors are awaiting a key consumer inflation report for more cues on whether the Federal Reserve will hike interest rates once again this year
Withdrawal of foreign funds from domestic equities and upward movement in crude oil prices also weighed on the Indian currency, forex traders say
Investors were waiting for the US consumer inflation report due later this week to assess the Federal Reserve's decision about the interest rate hike
US stocks have slid more than 6 per cent from their late July highs
Prices fall as US dollar, bond yields powered higher after Fed signalled another rate hike, tighter monetary policy through 2024 than previously expected