Business

March 14, 2023 8:04 PM

Wholesale inflation falls to two-year low of 3.85% in February

Wholesale Price-based Inflation (WPI) for February 2023 eased to two year low of 3.85 percent against 4.73 percent recorded in preceding month. Decline in the WPI is primarily contributed by fall in prices of crude petroleum & natural gas, food products, electronic, chemicals and electrical ...

March 13, 2023 5:23 PM

Gold prices rise by Rs. 635 at Multi Commodity Exchange for April contracts

Gold prices today rose by 635 rupees at Multi Commodity Exchange for April contracts. The precious metal was trading at around 56785 rupees per 10 gram. Silver was also up by 976 rupees to trade around 63,866 rupees per kilogram for May Contracts when reports last came in. In the global markets, gol...

March 13, 2023 4:54 PM

Oil prices fall for 5th consecutive session

Oil prices fell today for the fifth consecutive session as the collapse of Silicon Valley Bank in the United States raised fears of a fresh financial crisis, but a recovery in Chinese demand provided support. In intra-day trade, Brent crude was trading at around 81 dollars and 43 cents per barrel, w...

March 13, 2023 4:53 PM

Asian market ends mixed; Hong Kong's Hang Seng gains 1.9%

Asian market ended mixed today as the US government stepped in with a series of emergency measures to shore up confidence in the banking system following the failure of Silicon Valley Bank (SVB) and Signature Bank. American regulators have said that SVB depositors will have access to all of their mo...

March 10, 2023 6:29 PM

Forex market: Domestic Unit closes at Rs. 82.02 against US dollar

In the forex market, the rupee today appreciated four paise against the US dollar. The domestic unit closed at 82 rupees and two paise against the US currency. The dollar index, which indicates the US currency's strength against a basket of six other leading currencies, was down 0.10 percen...

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