Inflation rises in October due to higher prices of commodities

November 14, 2024 5:59 PM November 14, 2024 5:59 PM

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Inflation rises in October due to higher prices of commodities

India’s wholesale price index (WPI)-based inflation for October escalated to 2.36 per cent on an annual basis, showed the data released by the Ministry of Commerce & Industry, today. In September, WPI inflation was at 1.84 per cent and in August inflation was at 1.25 per cent. The rise in inflat...

 Rupee slips to its weakest closing level

November 14, 2024 5:54 PM November 14, 2024 5:54 PM

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 Rupee slips to its weakest closing level

In the Forex market, the Indian rupee slipped to its weakest closing level today but fared better than its regional peers. The local currency closed at 84.39 against the U.S. dollar, down marginally from its close in the previous session. The dollar index, which indicates the US dollar's strength ag...

Sensex, Nifty down for 6th consecutive session

November 14, 2024 5:52 PM November 14, 2024 5:52 PM

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Sensex, Nifty down for 6th consecutive session

Domestic benchmark indices, Nifty and Sensex, ended lower for the sixth consecutive session today. Despite a positive start, Indian markets were unable to hold their early gains due to pressure from weak global trends, a rising dollar index, and continued foreign investor selling. At close, the Sens...

Asian markets show mix response , European markets trading in green territory

November 14, 2024 5:49 PM November 14, 2024 5:49 PM

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Asian markets show mix response , European markets trading in green territory

  Major Asian indices saw mixed trading today. Hong Kong's Hang Seng tumbled 0.24 percent, China's Shanghai Composite Index fell 1.76 percent and Japan's Nikkei was 0.48 percent down.  Meanwhile, Singapore's Straits Times index added 0.48 percent and Korea's Kospi gained marginally. Major European i...

Oil prices recovered after early loss

November 14, 2024 5:46 PM November 14, 2024 5:46 PM

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Oil prices recovered after early loss

     Oil prices slipped in early trade today, reversing most of the previous session's gains due to a stronger dollar and concerns over higher global output amid slow demand growth forecasts. However, crude prices recovered later in the day. Brent crude futures gained 0.48 percent to trade at 72 dol...

Rare dust storm sweeps through California’s central valley

November 14, 2024 2:20 PM November 14, 2024 2:20 PM

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Rare dust storm sweeps through California’s central valley

In United States, a rare huge dust storm swept through California's Central Valley, causing a highway pileup and leaving thousands without power. The weather phenomenon, known as a haboob, caused near-zero visibility near Chowchilla, 400 km north of Los Angeles. About 20 vehicles, including a semi-t...