Tag: dollar index

Before the RBI makes a rate decision, the dollar retreats to strengthen the rupee.(REUTERS)
Posted in Business

Rupee expected to open higher amid Dollar decline and RBI policy review

 December 6, 2024  Leave a Comment on Rupee expected to open higher amid Dollar decline and RBI policy review

The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will…

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Spot gold was up 1.3% to $2,487.66 per ounce by 09:30 a.m. EDT (1330 GMT) (Representational Image/Unsplash)
Posted in Business

Gold hits record high on softer dollar, rate cut hopes, Middle East tensions

 August 16, 2024  Leave a Comment on Gold hits record high on softer dollar, rate cut hopes, Middle East tensions

Gold prices rose to an all-time high on Friday as a cocktail of factors ranging from a weaker dollar, growing expectations for a U.S. interest-rate…

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