Indian Rupee hits all-time low around 96.00 against US Dollar

Indian Rupee hits all-time low around 96.00 against US Dollar

The Indian Rupee (INR) slides to a fresh all-time low against the US Dollar (USD) on Friday. The USD/INR pair jumps to 96.00 as the Indian Rupee faces intense selling pressure due to growing concerns over India’s foreign exchange reserves, following centre’s decision to hike import duty on Gold and Silver. Increase in import tariffs […]

Stays below 212.00 as bears remain in charge

Stays below 212.00 as bears remain in charge

The GBP/JPY cross attracts some follow-through selling for the second consecutive day and drops to a one-and-a-half-week low during the early European session on Friday. Spot prices, however, rebounded a few pips in the last hour and currently trade near the 211.75 region, down 0.25% for the day. The British Pound (GBP) continues with its […]

Gold weakens below $4,600 as USD rallies on Fed bets, geopolitics

Gold weakens below ,600 as USD rallies on Fed bets, geopolitics

Gold (XAU/USD) prolongs this week’s pullback from the monthly peak and drifts lower for the fourth straight day on Friday. The downward trajectory drags the commodity below the $4,600 mark, or an over one-week low, and is sponsored by a sustained US Dollar (USD) buying interest. The USD Index (DXY), which tracks the Greenback against […]