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Gold prices fall as renewed bets of sharp rate hikes lift dollar

Gold prices fell to a one-week low on Monday, as solid US jobs data boosted expectations that the Federal Reserve will continue to deliver oversized rate hikes

Large Indian lenders shun direct rupee transactions in Russia trade: Report

Large Indian lenders are reluctant to process direct rupee trade transactions with Russia months after the mechanism was put in place for fear of becoming the target of sanctions by the United States

Sept retail inflation likely to hit five-month high of 7.30% on food prices

India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band

RBI sells dollars as rupee hits record low on US rate hike woes: Report

The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes

Oil takes a breather, eases off 5-week highs as market takes profits

Oil prices slipped today, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies following OPEC+ cuts

OPEC oil cuts bad for global economy: US Treasury secretary Janet Yellen

Kremlin praises Opec+ for countering US 'mayhem' in global energy markets

India's monthly fuel demand slips to 10-month low in September: Govt

India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed.

Fading rate hike relief pushes stocks lower, oil up after jobs report

US stocks tumbled on Friday after a stronger than expected jobs report lowered odds the Federal Reserve will ease its rate-hiking spree

On the rise again: Gold rates at a discount to tackle price jump

Local gold prices hit Rs 52,093 per 10 grams, the highest since August 16, and to lure buyers, dealers offered discounts up to $6 an ounce over official prices

Forex reserves decline to over two-year low to $532.66 bn: RBI data

India's foreign exchange reserves fell to $532.66 billion in the week through Sept. 30, their lowest level since July 2020, the Reserve Bank of India's (RBI) weekly statistical supplement showed

US aims to hobble China's chip industry with sweeping new export rules

The raft of measures could amount to the biggest shift in U.S. policy toward shipping technology to China since the 1990s

India demands nearly $250 million from Pernod for undervaluing imports

Pernod is the second-largest spirits company globally and in India. The notice from India's customs authority, dated June 27, relates to liquor concentrates imported from a Pernod subsidiary

Indian carmakers propose tax cut on imports in Britain trade deal

It is the first time that car makers have backed such cuts, caving to pressure from a government that wants them to give up their protectionist position and lower entry barriers, said sources

Risk of nuke 'Armageddon' highest since 1962 crisis, says Joe Biden

Biden said the prospect of defeat could make Putin desperate enough to use nuclear weapons, the biggest risk since US

India's September fuel demand rises 8.1% YoY, gasoline sale 8.8% higher

India's fuel demand rose 8.1% in September compared with the same month last year

US adds 263,000 jobs; unemployment rate falls to 3.5% in September

Economists polled by Reuters had forecast 250,000 job gains, with estimates ranging from as low as 127,000 to as high as 375,000

Cold War echo in Nobel Peace Prize honours amid Russia-Ukraine conflict

Belarusian security police in July 2021 raided offices and homes of lawyers and human rights activists, detaining Bialiatski and others in a new crackdown on opponents of Lukashenko

Wall Street slips as jobs growth boosts rate hike bets; Dow falls 480 pts

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Wall Street slips as jobs growth boosts rate hike bets; Dow falls 480 pts

The S&P index recorded two new 52-week highs and 49 new lows, while the Nasdaq recorded 12 new highs and 148 new lows.

Banks loans rose 16.4% YoY in two weeks to Sept 23, deposits up 9.2%: RBI

Banks' loans rose 16.4% in the two weeks to Sept. 23 from a year earlier, while deposits rose 9.2%, the Reserve Bank of India's weekly statistical supplement showed on Friday.