Silver prices rose by Rs 431 to Rs 64,061 per kg in futures trade on Friday as participants widened their bets on firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 431, or 0.68 per cent, to Rs 64,061 per kg in 11,905 lots. Analysts said the rise in
The assembly of Khyber Pakhtunkhwa, a province in northwestern Pakistan, has become the first legislative assembly to call for changes in the country’s stance towards cryptocurrencies. As previously reported, Pakistan has to date been relatively slow to introduce new frameworks for digital assets and cryptocurrencies. This week’s resolution to the Khyber Pakhtunkhwa Assembly was reportedly introduced
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Trades at the highest level since August 2018 The AUDUSD is another pair reaching new 2020 highs. The price today has moved above the September 1 high at 0.7418 and as traded up to a high for the day of 0.7443. Looking at the daily chart, the next target would come in at 0.74526. That corresponds with the August
USD/INR snaps two-day winning streak while refreshing intraday low. Broad US dollar weakness, recently positive fundamentals from India favor bulls. RBI is expected to stand pat but growth and inflation projections will be eyed closely. USD/INR drops to 73.80, down 0.10% intraday, ahead of the Reserve Bank of India’s (RBI) interest rate decision on Friday.
Dollar’s selloff accelerates today and better than expected jobless claim data provide no support. European majors are generally firm, with Sterling leading the way this time. But the rally in the Pound is unconvincing so far, with uncertainties over Brexit trade talks. Commodity currencies are relatively mixed, with Canadian Dollar being the weakest. Technically, focus