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Gold, silver price: Will precious metals continue to tank? Check outlook for today
Gold and silver price prediction today: Gold prices are seeing a bearish structure with the downtrend in place. Silver prices are trading cautiously, though with a negative bias, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
Indonesia raises rates in surprise move to prop up sinking rupiah
Indonesia raises rates in surprise move to prop up sinking rupiah The rupiah has been under pressure due to a wide range of investor worries, including President Prabowo Subianto's big spending plans and a ballooning fuel subsidy budget following the Iran war. JAKARTA: Indonesia's central bank raised interest rates by 25 basis points on Tuesday (Jun 9) in an unexpected off-cycle rate hike, taking the benchmark rate to 5.50 per cent as it moves to stabilise the rupiah, which has hit a series...
Rupee in green: Currency jumps to 95.20 against US dollar on Middle East peace hopes
Rupee began Friday on a strong note, rising 65 paise to 95.20 against the US dollar in early trade, supported by falling global crude oil prices and indications from US President Donald Trump that a deal with Iran could be reached soon. According to forex traders, the currency also drew support from a weaker US dollar and upbeat sentiment at Dalal Street. At the interbank foreign exchange market, rupee opened at 95.40 against the greenback and extended its gains to trade at 95.20.
At 7.7%, India's GDP growth in FY26 beats slowdown predictions; but will the momentum continue?
India’s economy continues to defy all growth projections. At 7.8%, India’s GDP growth for the fourth quarter of FY 2025-26 beat all estimates by a wide margin. Retaining its tag of being the fastest growing major economy, India grew at a robust 7.7% in FY26, exhibiting fundamental strength in a quarter that was partially affected by the US-Iran war.