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Gold up, silver closes lower

Mumbai, Feb 20 (UNI) A Mixed trend was seen in the precious metals today with Gold up by Rs 10 per ten gm and Silver sliding by Rs 55 per kg on the Bombay Bullion Exchange.

Standard Gold (99.5) and pure Gold (99.9) resumed high this morning at Rs 9,625 and Rs 9,675 per ten gm on reduced stock supply.

Later, the yellow metal declined and closed at Rs 9,590 and Rs 9,635 per ten gm with a gain of Rs 15 for standard Gold and Rs 10 for pure Gold from its Saturday's close.

In London, the yellow metal rose at USD 666.80/667.00 per troy ounce as compared to USD 672.60/673.30 per troy ounce in New York on Monday.

Silver fineness opened steady at Rs 20,495 per kg. Later it eased and closed at Rs 20,440 per kg with a loss of Rs 55 from its last close.

In London, the white metal fell at 13.95/13.98 per troy ounce against USD 14.02/14.07 per troy ounce in New York.

Following are the spot silver and gold closing prices: Silver (per kg) .999 grade : Rs 20,440 (20,495) Gold (per 10 gm): Standard mint 99.5 purity : Rs 9,590 (9,575) Pure gold 99.9 purity : Rs 9,635 (9,625) UNI

Rupee opens weak at 44.15/16 per US dollar

Mumbai, Feb 20 (UNI) The rupee today opened lower at 44.15/16 per US dollar as against the previous day's close of 44.13/14, traders said. The domestic unit slipped over the investors concern that the central bank was making attempts to block their efforts to strengthen the rupee beyond 44 per dollar. Later, the partially-convertible rupee was at 44.19/20 per dollar, slipping from Monday's close of 44.13/14 due to purchase of dollar by nationalised banks, operators said. The operators believe that.....

Rupee looses shine and ends at 44.18/19 against the US dollar

Mumbai, Feb 20 (UNI) The Rupee today closed lower at 44.18/19 down from its previous close of 44.13/15 against the US dollar, at the interbank foreign exchange (Forex) market here, amid speculations that the Central Bank has once again driven it down in a bid to keep exports competitive. Market analysts believe the Reserve Bank of India (RBI) has prevented the Rupee from strengthening to a 16-month high. Traders said capital inflows were subdued after US markets were closed on.....

Call money eases to ends at 7.80-7.90 per cent

Mumbai, Feb 20 (UNI) Call money closed 10 basis points lower at 7.80-7.90 per cent today, compared to yesterday's closing of 7.70-7.80, on hopes that measures taken by the Central Bank and the government may tame inflation, which is running at more than a two-year high. Last week's cash reserve ration (CRR) hike by the RBI, was its third policy tightening since early December. The Central Bank, last Tuesday had announced that it would raise CRR rates to six per.....
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