Gold industry analysts expect price boost from currency war fears

Last Updated: Saturday, August 22, 2015, 23:45

Gold prices could rise above USD 1,200 an ounce in the next few months as fears of a currency war following the devaluation of the yuan make equity markets choppy, boosting physical gold and ETF buying, leading industry analysts said at a conference.

Currency devaluation raises question on China's strength: Rajan

Last Updated: Thursday, August 20, 2015, 12:46

Terming devaluation of currencies as a "worrisome trend", RBI Governor Raghuram Rajan on Thursday said China's move to devalue its currency and to protect its stock markets raise questions about the 'true strength' of the world's second largest economy.

Doubts over Chinese yuan put BOJ in a bind

Last Updated: Thursday, August 20, 2015, 10:00

China`s devaluation of the yuan exposes an undefended flank in the Bank of Japan`s efforts to jolt its flagging economy out of decades of deflation, which rely heavily on a solid pick-up in overseas demand.

MFs fear large-scale investor exit on yuan devaluation

Last Updated: Sunday, August 16, 2015, 15:49

Mutual funds managing offshore money are fearing a large-scale investor exit in the event of a further depreciation in the rupee, which has been hit hard after a surprise devaluation of Chinese currency yuan last week.

Response to deal with yuan devaluation impact soon: FinMin

Last Updated: Sunday, August 16, 2015, 13:37

Mehrishi pushed for RBI cutting interest rate to encourage manufacturing and boost exports, arguing risks are not much as inflation is low.

Gold price snaps 7-week descending trend, revisits Rs 25,000-level

Last Updated: Saturday, August 15, 2015, 17:44

Gold staged a resounding comeback from its multi-year low during the holiday-shortened trading week as jewellery traders and retailers ramped up demand ahead of the peak festival season.

China's long march to currency reform takes a step forward

Last Updated: Friday, August 14, 2015, 23:51

China's currency devaluation is a step in the long march to a more open regime for the yuan, analysts say, but authorities will need to further loosen their controls to promote long-term growth.

Yuan devaluation to have temporary impact on rupee: CEA

Last Updated: Friday, August 14, 2015, 21:34

The Finance Ministry on Friday said the devaluation of Chinese currency will only have a temporary impact on the rupee as India has adequate foreign exchange reserves.

Gold price today: Latest updates

Last Updated: Thursday, August 13, 2015, 19:49

Gold prices fell by Rs 135 to Rs 25,879 per 10 grams in futures trade Thursday amid a weak trend overseas and profit-booking by speculators.

Rupee plunges to new 2-year low, weakens past 65 Vs USD on yuan woes

Last Updated: Thursday, August 13, 2015, 19:03

The rupee has dropped by 136 paise or 2.13 percent in the last seven trading sessions as the Chinese central bank's continued effort to guide the yuan lower.

Rupee may weaken further on China currency depreciation: Citi

Last Updated: Thursday, August 13, 2015, 15:54

India seems to be less vulnerable to China's currency depreciation through direct channels, but the rupee may still weaken, says a Citigroup report.

Malaysian economy grows at slowest pace in nearly two years

Last Updated: Thursday, August 13, 2015, 13:00

Malaysia`s economy grew at its slowest pace in nearly two years in the second quarter, the government said Thursday, the latest negative sign for policy-makers faced with a plummeting currency and political turmoil.