An easier trend prevailed on the money market on Wednesday as the rupee depicted weakness against the dollar in process of trading activity, dealers said.
An easier trend prevailed on the money market on Wednesday as the rupee depicted weakness against the dollar in process of trading activity, dealers said.
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Aluminium and other industrial metals drifted lower on Wednesday as investors awaited more signs on whether demand in top metals consumer China would rebound after the Lunar New Year.
Crude oil futures sank on Wednesday after US government data showed an unexpectedly sharp build in crude inventories, but a third weekly draw down in gasoline stocks kept losses at bay. A drop in US equity indexes also weakened sentiment in crude prices.
ICE cotton futures jumped 2 percent to touch more than one-week high on Tuesday as investors covered their short positions, with progress on the US-China trade talks in focus. The most active cotton contract on ICE Futures US, the May contract, settled up
Gold steadied on Wednesday just above a five-week low touched in the last session as the dollar retreated slightly and stocks edged lower, with investors awaiting further signals on the health of the global economy.
Abu Dhabi's stock index fell sharply for its worst day in eight months on Wednesday while Qatar touched its lowest in nearly five months, pressured respectively by First Abu Dhabi Bank (FAB) and Industries Qatar going ex-dividend.