India’s rupee may weaken to a record 100 per dollar or beyond if the Iran war drags on, with strategists warning that authorities’ efforts to slow its roughly 10% drop over the past year may only provide temporary relief.Analysts at Wells Fargo and Van Eck Associates Corp. say elevated oil prices will accelerate the rupee’s decline by worsening inflation and the current-account deficit. Opti...

March 25 Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a U.S. plan to end the Middle East war.Spot gold rose 2.5% to $4,587.09 per ounce as of 0218 GMT. U.S. gold futures for April delivery gained 4.2% to $4,586.10.The dollar eased, making greenback-priced bullion ...

Aluminium makers Hindalco and Nalco dropped 4.5% and 5.5%, respectively, tracking a drop in global aluminium pricesMetal stocks fell over 3.5% on March 13 as the dollar rose to more than three-month high on Friday and was set for its second weekly gain since the beginning of the war in Iran as turmoil in markets left it the last safe-haven standing.At 11:35 am, Nifty Metal index was trading 3.5% l...

The Indian rupee rose nearly 20 paisa on February 23, as the dollar dipped overnight, as the United States Supreme Court struck down President Donald Trump’s tariffs, although market participants continued to keep an eye on further developments on the trade deal announced by both countries.The local currency was trading at Rs 90.76 to the dollar, as compared to 90.9825 on Friday.Late on Friday, ...

The local currency opened at 86.56 against the US dollar and is currently traded at 86.57 against the dollar, as compared to 86.57 at the close of the previous trading session against the greenback.The rupee opened marginally down on January 17 as Brent crude prices continued to rise.The Indian currency opened at 86.56 against the US dollar and traded at 86.57 around 10 am. It closed at 86.57 in t...