The Reserve Bank of India is intervening in the rupee currency futures market. The central bank said in a separate statement issued
on late Wednesday it would intervene in the exchange traded currency
derivatives market if required. Take a
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Gold was treading water on
Thursday as investors stuck to the sidelines ahead of a widely anticipated U.S.
rate hike next week, with even a slump in the dollar failing to trigger
interest in the metal.
Spot gold XAU= was little changed at $1,073.31 an ounce by 0043 GMT,
after closing down 0.1 percent in the previous session.
Bullion investors are cautious as the U.S. central bank is expected to
raise interest rates for the first time in nearly a decade at its next policy
meeting on Dec. 15-16.
Gold
was steady despite a 1.1-percent drop in the dollar index .DXY on Wednesday.
Asian stocks slipped on Thursday as weak oil prices
continued to feed global growth worries.
The
Sensex is up 106.93 points or 0.4 percent at 25142.98, and the Nifty is up
31.85 points or 0.4 percent at 7644.35. About 682 shares have advanced, 201
shares declined, and 36 shares are unchanged.
Hindalco,
Vedanta, Sun Pharma, Reliance and Tata Steel are top gainers while ONGC, Lupin,
Dr Reddy's Labs and HDFC Bank are among losers in the Sensex.
Bullish trend in the SGX Nifty Index Futures for June delivery, which were trading 9,661.50, up by 16.00 points or 0.17 per cent, at 10:50 AM Singapore time, also signaled a positive opening for local bourses.capitalstars
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