Rupee Ends at Record Closing Low for 7th Straight Session

MUMBAI, Jan 1 Reuters The Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit. The rupee closed at 85.6450 against the U.S. dollar, down from its close of 85.6150 […]
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Gold Gains as Market Considers Trump Impact on Fed Outlook

Bullion rose more than 27 in 2024 Gold could register another year of gains in 2025, analyst says Trump trade policies could stoke inflation Jan 2 Reuters Gold prices rose on Thursday, buoyed by volatility in equities and fresh positioning while the U.S. Federal Reserve39;s interest rate outlook remained in focus ahead of trade tariffs […]
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South African Rand Starts 2025 on Front Foot

JOHANNESBURG, Jan 2 Reuters South Africa39;s rand started the new year on a positive note on Thursday after a volatile end to 2024. At 0803 GMT, the rand traded at 18.7625 against the dollar , about 0.6 stronger than its previous close. Like most emerging market currencies, trade in the rand was turbulent in November […]
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European Stocks Waver on First Trading Session of 2025

Stocks struggle in thin trade Euro zone factories ended last year on sour note, PMI Intrum surges after US court confirms Chapter 11 plan Jan 2 Reuters European stocks wavered on the first trading session of 2025, after a lateyear selloff that was driven by concerns about high valuations and policies under incoming U.S. President […]
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S.Korea Dec Factory Activity Shrinks, Firms Turn Pessimistic, PMI

SEOUL, Jan 2 Reuters South Korea39;s factory activity contracted in December, with manufacturers39; sentiment turning pessimistic for the first time since mid2020 due to uncertainty over U.S. trade policy and domestic politics, a private sector survey showed on Thursday. The purchasing managers index PMI for manufacturers in Asia39;s fourthlargest economy, compiled by SP Global, fell […]
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