Rupee breaches 90-mark for first time: Currency hits all-time low of 90.21 against dollar; FIIs outflow and crude weigh on sentiment

The rupee plunged to a historic low on Wednesday, slipping past the 90-per-dollar threshold for the first time amid foreign fund outflows, firm crude oil prices and uncertainty around the India–US trade deal, according to PTI. The lack of visible RBI intervention through most of the session added to market pressure, forex traders said.At the…

Read More

Growth pulse: Services activity picks up in November; PMI rises as new orders strengthen & price pressures ease

India’s services sector regained momentum in November as firms reported a quicker rise in new business and only mild price pressures, helping the industry rebound after losing pace in October, according to PTI. The latest HSBC India Services PMI survey showed a broad improvement in operating conditions, supported by stronger domestic demand.The seasonally adjusted HSBC…

Read More

Silver price today: Silver futures touch new highs; cross Rs 1.85 lakh per kg mark as rupee goes past 90 mark versus dollar

The unprecedented decline in the rupee’s value against the US dollar contributed to the increased precious metal prices. (AI image) Silver price today: Silver prices continued to rally on Wednesday, with the precious metal hitting a new high of Rs 1,84,727 per kilogram. This is an increase of Rs 3,126, whilst gold futures climbed to…

Read More