The Indian rupee is trading at day's high level at 70.60 per dollar, with buying seen in the domestic equity market.It opened higher 15 paise by at 70.69 per dollar against Wednesday's close 70.84.The Sensex was up 159.10 points or 0.39% at 40571.67, and the Nifty was up 51.30 points or 0.43% at 11961.50.Close The rupee added 7 paise to end at a fresh one-month high of 70.85 against the US dollar on December 11 on the back of firm domestic equities and easing crude oil prices. related news Rupee extends winning run for 6th day against US dollar, gains 7 paise Rupee erases gains but trades higher at 70.85 per dollar Oil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in US crude inventories.The dollar nursed its steepest losses in weeks on Thursday, after the US Federal Reserve’s benign inflation outlook hosed down expectations for a rate hike … [Read more...] about Rupee at day’s high at 70.60 per dollar
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If the drop in interest rates in the country has been bothering you as an insurance customer, do not worry. Your insurer has already started taking steps to ensure the returns on your product stay intact.Life insurance companies are now turning to external hedging to manage the interest rate risks in the product portfolio. With more number of insurers turning to non-participating savings plans (products without bonuses), the companies want to ensure that returns to customers do not get impacted.Instruments like interest rate futures, interest rate swaps, forward rate agreements and partly paid bonds.Close Among the 24 life insurers, at least 16 of them have started the hedging process in the past four to eight weeks. related news Gold gains Rs 138 to Rs 37,930 per 10 gram, silver gains Rs 430 to Rs 43,730 per kg Need to re-look at public policies for service access to MSMEs, solo entrepreneurs: Niti Aayog chief "Non-par savings is becoming a popular product. Hence, it is … [Read more...] about Here’s why falling interest rates will not hurt your insurance returns
World shares took another run at record highs on Thursday, as the right messages from the U.S. Federal Reserve set traders up for a packed day of central bank meetings and a Brexit-defining election in Britain.The Fed kept U.S. interest rates unchanged, as expected, but it was a message that it would take an unexpected and "persistent" rise in inflation to lift them again that cheered the bulls and pushed the dollar to its lowest since August.Asian shares rallied almost 1% overnight, despite reports Washington will press on with new China tariffs. European trading left MSCI's broadest world share index just 0.1% shy of its 2018 record high.Close "This is quite a strong signal that current interest rates will remain at these low levels for the time being," Mirabaud's chief economist, Gero Jung, said of the Fed, the European Central Bank and Switzerland's SNB which had also kept rates steady. related news Demand looking up for autos; these stocks likely to gain the most Rising … [Read more...] about Global Markets: Stocks near record highs, pound wavers before election result
Gaurav GargSilver found a new high in September at Rs 50,672 per kg only to slide. Despite uncertainties surrounding the commodity market, it made a brief recovery in the festival month of October but didn’t come close to Rs 50,000. Let's take a look at the factors that may push silver prices to Rs 50,000 again in the new year.Gold and silver are the safe-haven destinations for investors troubled with economic conditions and worried about the uncertainties of equity markets. The stock markets are at all-time highs. If we look at US, Asian and European markets, they continue to push higher with every passing day.Close We do have an ongoing threat of a trade war between the US and China, but there is hope that the two countries are closing in on phase of an agreement. However, there is a growing concern about the direction of the global economy, which seems to be trading sideways. A continuation of this movement over the next year will give a natural lift to the price of silver. … [Read more...] about What will it take for silver to scale Mt 50k in 2020?
The Indian rupee gained in the early trade on Thursday. It opened higher 15 paise by at 70.69 per dollar against Wednesday's close 70.84.The rupee added 7 paise to end at a fresh one-month high of 70.85 against the US dollar on December 11 on the back of firm domestic equities and easing crude oil prices.Oil prices steadied on Thursday with the market mood switching to relief as OPEC forecast a supply deficit next year, from doom and gloom over data showing a surprise increase in US crude inventories.Close Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about Rupee opens higher at 70.69 per dollar