INR Dips to Lifetime Low on USD Bids by Foreign Banks

MUMBAI, Oct 14 Reuters The Indian rupee dropped to an alltime low on Monday, weighed down by persistent dollar demand from foreign banks, likely for their custodial clients. The rupee dipped to a lifetime low of 84.0725 to the U.S. dollar, inching past the prior low of 84.07 hit on Friday. The local currency39;s drop […]
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Gold Steady as Investors Assess Chinas Stimulus Plans

China flags more fiscal stimulus, leaves out key details on size Platinum down 1 U.S. PPI unchanged in September Oct 14 Reuters Gold prices held steady on Monday as investors assessed China39;s weekend stimulus announcement, while also focussing on U.S. Federal Reserve officials39; comments for further rate cut cues. Spot gold was little changed at […]
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