Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Rising demand for gold adds to rupee's woes
Financial Express Mumbai
|September 27, 2025
EXPERTS SEE CURRENCY BREACHING 90 MARK SOON
HIGH DEMAND FOR gold ahead of the festive and wedding season has added to weakness of the rupee, which is trading close to its all-time low."Apart from the usual dollar demand from oil importers, historic high of gold is adding to the rupee woes.
There has been increased demand for gold in the last 3-4 days.Around $100 million worth of gold has been imported every day in the last few days in our bank on account of the festive season and upcoming wedding season," said a chief dealer at a bank. This has also played a role in pushing the rupee to a record low, he added.
The rupee hit another fresh intraday low of 89.80 on September 23. On Friday, the rupee closed at 88.72 against the dollar.
Esta historia es de la edición September 27, 2025 de Financial Express Mumbai.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Mumbai
Financial Express Mumbai
SC reverses verdict on BPSL
THE SUPREME COURT on Friday overturned its earlier decision ordering liquidation of Bhushan Power and Steel (BPSL), restoring approval to JSW Steel's 19,700-crore resolution plan.
3 mins
September 27, 2025
Financial Express Mumbai
Benchmarks fall 6% from record highs a year ago
AFTERHITTINGA lifetime high of 85,836 points on September 26, 2024, the Sensex has corrected sharply overthe pastyear.
2 mins
September 27, 2025
Financial Express Mumbai
HUL sees hit to Q2 sales from GST 2.0 disruptions
HINDUSTAN UNILEVER (HUL) on Friday said it saw a shortterm impact on sales inthe September quarter (Q2FY26) dueto the GST 2.0 reforms that kicked in this week.
1 mins
September 27, 2025
Financial Express Mumbai
Big Tech faces questions over H-1B hiring amid job cuts
US LAWMAKERS ASKED major American companies, including Apple, Amazon and JPMorgan on Thursday to explain why they are hiring thousands of foreign workers on H-1B visas while cutting other jobs.
1 min
September 27, 2025
Financial Express Mumbai
Pharma stocks swallow Trump’s bitter tariff pill
100% duty on branded drugs; Indian generics face threat
3 mins
September 27, 2025
Financial Express Mumbai
I-T survey at premises of Raymond Lifestyle
THE INCOME TAX department conducted a survey at some premises of textile and apparel major Raymond Lifestyle, according to an exchange filing on Friday.
1 min
September 27, 2025
Financial Express Mumbai
India & US to push for early trade deal: Govt
THE GOVERNMENT ON Friday said efforts were on to \"achieve early conclusion\" of an India-US trade pact, much awaited by the industry and exporters.
2 mins
September 27, 2025
Financial Express Mumbai
FY26 BORROWINGS LESS THAN BE BY ₹10,000 CR H2 mkt borrowings at ₹6.77 Lcr
. Long-tenure bonds see their share pruned
2 mins
September 27, 2025
Financial Express Mumbai
US mulls 1:1 chip production rule
THE US IS planning to push chipmakers to match the volume of semiconductors that their customers currently import from overseas providers through domestic production, or pay a tariff, the Wall Street Journal reported on Friday.
1 min
September 27, 2025
Financial Express Mumbai
Exporters reel as US tariffs leave India’s diamond trade dull
ALMOST A MONTH into US President Donald Trump's 50% reciprocal tariff imposition on India, the country's diamond industry struggles to stay afloat, as independent studies also predict a sluggish outlook for the sector.
2 mins
September 27, 2025
Listen
Translate
Change font size