 "Dollar rises above Rs 61 in Dubai exchange futures")
Higher than expected job data in US has pulled down gold prices in international market as dollar strengthened. However strong dollar has resulted in Indian rupee quoted at sharply lower and was traded at around Rs 61 on DGCX indian ruee-USD futures.
Today US Payrolls data show increase by 1,95,000 workers for a second straight month according to the Labor Department in Washington.
Gold prices in international market were down by nearly 3% to $1212 per ounce but US dollar-Indian rupee futures traded on Dubai based DGCX was quoted at Rs 61 following stronger dllar.
Indian rupee against USD today closed in local market at Rs 60.24 per dollar but after US announced jb data rupee tanked. On DGCX dollar went up to as high as Rs 61.4 and was traded at Rs 61.1 by 8 pm Indian time.
Lower rupee has restricted fall in gold prices in Indian market but was quoted 1.3% lower at around Rs 25,800 per 10 gram on MCX. SGX NIFTY was quoted at 5833 points against close on NSE at 5867.90.
Today US Payrolls data show increase by 1,95,000 workers for a second straight month according to the Labor Department in Washington.
Gold prices in international market were down by nearly 3% to $1212 per ounce but US dollar-Indian rupee futures traded on Dubai based DGCX was quoted at Rs 61 following stronger dllar.
Also Read
Dollar index was also quoted at 0.82% up at 84.64 points.
Indian rupee against USD today closed in local market at Rs 60.24 per dollar but after US announced jb data rupee tanked. On DGCX dollar went up to as high as Rs 61.4 and was traded at Rs 61.1 by 8 pm Indian time.
Lower rupee has restricted fall in gold prices in Indian market but was quoted 1.3% lower at around Rs 25,800 per 10 gram on MCX. SGX NIFTY was quoted at 5833 points against close on NSE at 5867.90.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%