Author: MCX India

Indian Rupee: Dips Lower Against the Dollar

The Indian rupee eased further against the dollar in early trades on Wednesday, 12 December 2018 after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India. He was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with […]

Gold holds firm on easing rate hike expectations

BENGALURU: Gold prices were steady early on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium traded at a premium to gold. FUNDAMENTALS Spot gold inched up 0.1 per cent to $ 1,244.40 per ounce, as of 0115 GMT. U.S. gold futures rose 0.2 per cent to […]

Energy Preview: Crude Holds Just Above $51 Per Barrel In Asia

WTI Crude oil futures stayed in a choppy range in Asia today after witnessing a corrrection yesterday. The commodity fell under $ 52 per barrel amid weak economic data though a recovery in US stocks following the pounding on Friday supported the sentiments somewhat. The commodity currently trades at $ 51.16 per barrel, up marginally […]