The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the currency strengthen past the 96-per-dollar mark, according to bankers cited by Reuters.The rupee rose 0.64 per cent to close at 96.20 against the US…
Global crude oil prices could surge to as high as $200 per barrel in a worst-case scenario if the Strait of Hormuz remains closed through the end of 2026, according to a report.As per a report by Wood Mackenzie, a prolonged disruption in the strategic waterway could trigger a severe global energy and economic crisis.The…
Asian stock markets moved higher on Friday as optimism surrounding ongoing US-Iran negotiations supported investor sentiment, although rising crude oil prices continued to keep inflation worries alive. Market confidence remained upbeat for a second consecutive session amid hopes that diplomatic efforts could help restore stability to global energy supplies following weeks of uncertainty caused by…
Gold and silver prices moved slightly higher in the spot market on Thursday as traders maintained a cautiously positive outlook amid ongoing tensions between the US and Iran, while elevated global crude oil prices continued to fuel inflation concerns. In Delhi’s spot market, gold with 99.9% purity extended its gains for a third consecutive session,…
File photo (Picture credit: AP) Asian markets traded higher on Friday as investor sentiment improved on hopes of progress in US-Iran peace talks, although rising oil prices and continued uncertainty over the Strait of Hormuz kept inflation concerns in focus.Tokyo led regional gains, with Japan’s Nikkei 225 surging more than 2 per cent. Taiwan’s market…
Top stocks to buy (AI image) Stock market recommendations: Bajaj Broking Research has chosen Garden Reach Shipbuilders & Engineers (GRSE), NBCC as the top stocks to buy on May 22, 2026:Garden Reach Shipbuilders & Engineers (GRSE)Buy in the range of ₹ 2640-2700 Target Return Stoploss Time Period ₹ 2918 9% 2520 6 Months The stock…
Oil prices climbed on Friday as investors remained uncertain about the prospects of a breakthrough in ongoing US-Iran peace negotiations, while concerns over supply disruptions through the Strait of Hormuz continued to support the market.Brent crude futures rose $2.38, or 2.3 per cent, to $104.96 a barrel by 0034 GMT, while US West Texas Intermediate…
NEW DELHI/MUMBAI: Amid a depreciating rupee, commerce and industry minister Piyush Goyal on Thursday said govt is considering several measures to contain the widening current account deficit (CAD). “We are monitoring the situation. All the various arms of the govt are working as a team. Several steps are under consideration. The situation globally is quite…
MCX Gold is maintaining its sideways to bullish tone on the weekly chart, having broken out of its consolidation phase. (AI image) Gold and silver price prediction today: While MCX Silver is consolidating on the weekly chart, gold is eyeing its next meaningful target of Rs 1.7 lakh, says Abhilash Koikkara, Head – Forex &…
Union commerce and industry minister Piyush Goyal on Thursday addressed concerns around the rupee’s decline, the widening current account deficit (CAD), and shared updates on the progress of the proposed US-India trade deal.Goyal said the Centre was actively considering several measures to contain further pressure on the CAD, while stressing that different arms of the…
