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Rupee ends nearly flat as cenbank absorbs importers’ dollar demand By Reuters
By Nimesh Vora MUMBAI (Reuters) – The Indian rupee ended at its record closing low on Thursday, but was little changed versus the previous session, as the central bank’s intervention helped negate the incessant dollar demand from importers. The rupee ended at 83.9825 to the U.S. dollar compared to 83.9650 in the previous session. Intraday…
Preparing for a US Election Marathon – Action Forex
The world is preparing for the November 5 US presidential election Voting times vary across states but the focus will be on seven key states Candidates need to win most of these swing states to secure victory “Safe” states will be called quickly but the final result might be delayed for days The countdown to the…
Markets Today: Chinese Inflation Edges Higher, Gold Steady with NFP & Supreme Court Decision Now in Focus
European stock markets opened higher on Friday, bouncing back from two days of losses caused by weak earnings and political tension. The STOXX 600 index is now on track for its best winning streak since May, largely thanks to a massive 8% jump in shares of Glencore. This surge happened after rival mining giant Rio…
BGC Group to Acquire OTC Global, Expanding Energy, Commodities, and Shipping Business
Brokerage and financial technology firm BGC Group announced Tuesday that it has agreed on a deal to acquire OTC Global Holdings, the largest independent institutional energy and commodities brokerage firm. The move will significantly bolster BGC’s Energy, Commodities, and Shipping (ECS) business and expand its global reach. OTC brings a wealth of expertise and a…
