Business

May 20, 2022 8:15 AM

RBI asks banks and ATM operators to provide cardless cash withdrawal facility

Reserve Bank of India has directed banks and ATM operators to provide cardless cash withdrawal facilities at all ATMs. In a circular, the RBI said, all banks, automated teller machine (ATM) networks, and White Label ATM Operators (WLAOs) may provide the option of ICCW at their ATMs. The apex bank in...

May 18, 2022 6:36 PM

Oil prices rise on China demand recovery expectations, supply concerns

Oil prices today rose on expectations that easing COVID-19 restrictions in China will boost demand and as supply concerns grew. The crude price rose around two percent In intra-day trade. Brent crude was trading at around 114 dollars per barrel while WTI crude was trading around 115 dollars and 30 c...

May 18, 2022 6:34 PM

Rupee weakens two paise against US dollar

In the forex market, the rupee today weakened two paise against the US dollar. The rupee closed at 77 rupees and 58 paise against the US currency.   The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, rose 0.21 percent to trade at 103...

May 18, 2022 6:22 PM

Gold trades at Rs 49,950; Silver above Rs 60,900

Gold prices today lost 230 rupees at Multi Commodity Exchange for June contracts. The precious metal was trading at 49,950 rupees per 10 gram. Silver prices also declined 230 rupees to 60,925 rupees per kilogram for July Contracts when reports last came in. In the New York Mercantile Exchange, gold ...

May 18, 2022 5:46 PM

US share markets finish sharply higher, lifted by Apple

The US share markets finished sharply higher yesterday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. The Dow Jones Industrial Average index added 1.3 percent, the S&P 500 climbed two percent and the Nas...

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