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Gold flat as dollar holds firm on Fed taper bets

Updated at : 2021-10-12 08:20:01

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Gold traded flat in early Asian trade on Tuesday as the dollar held firm on expectations that the Federal Reserve will announce a tapering of its bond purchases next month. Spot gold was unchanged at $1,753.77 per ounce by 0123 GMT, while U.S. gold futures were little changed at $1,754.90.

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Oil prices fell for the first time in four days on Tuesday, taking a breather, analysts said, after weeks of gains fuelled by a rebound in global demand that is contributing to energy shortages in economies from Europe to Asia. Brent crude was down 26 cents, or 0.3%, at $83.39 a barrel at 0211 GMT, after touching three-year highs on Monday on the way to a 1.5% advance.

Securitisation volumes in the first half of the current fiscal at Rs 42,200 crore were higher than the Rs 22,700 crore in the corresponding period of last year.

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The members of the committee are: R Subramaniakumar (Former MD & CEO, Indian Overseas Bank), T T Srinivasaraghavan (Former Managing Director, Sundaram Finance Limited), and Farokh N Subedar (Former Chief Operating Officer and Company Secretary, Tata Sons Limited).

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A person familiar with the matter said that the promoter infusion is likely to be much lesser than ₹10,000 crore that has been reported in some media.

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Besides the new investors, funds from Europe have also evinced interest in its $2.2 billion IPO, billed as one of the largest public issues in the country in over a decade.

Future groups firms to convene shareholder & creditor meetings in November to seek nod for their proposed merger into Future Ent as a part of the Rs 24,713 crore deal with Reliance Retail

In another transaction, India Opportunities Growth Fund of Pinewood Strategy bought 361,112 shares of Consolidated Finvest & Holdings at Rs. 179 apiece through a bulk deal on the National Stock Exchange.

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The city-based brokerage, which is the largest publicly traded standalone retail broking firm in the country, has added 3.9 lakh new customers in September. It made September the sixth consecutive month to add close to four lakh customers this fiscal, the company said in a statement.

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The benchmark paper Monday yielded 6.35 per cent, the highest since April 17 last year, show Bloomberg data compiled by ETIG. In the past three trading sessions, the gauge climbed eight basis points, pulling prices down.

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