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- Rupee Fell To All Time Low Gold At All Time High| 10 Gm Gold At ₹82,704
Mumbai3 days ago
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Yesterday’s big news was related to the possibility of fall in rupee and decrease in repo rate. The rupee came to its record low in yesterday’s business. It saw a decline of 67 paise against the US dollar and it has come at an allotime low of Rs 87.29 per dollar.
The Reserve Bank will hold its Monetary Policy Committee (MPC) meeting between 5-7 February. Experts believe that Central Bank may cut interest rates by cutting a quarter percent (0.25%). Here, Gold made his all-time high. The price of 10 grams 24 carat gold has increased by Rs 618 to Rs 82,704.
Before tomorrow’s big news, today’s major events, which will be seen …
- The stock market may see a boom today.
- There has been no change in the price of petrol and diesel.
Now read the big news of tomorrow …
1. Rupee record came on all time low: 67 paise fell to 87.29 against the dollar, foreign goods will be expensive
The rupee came on its record all time low on Monday, 3 February. It saw a decline of 67 paise against the US dollar and has reached the lowest level of Rs 87.29 per dollar.
According to experts, the reason for this decline in the rupee is to impose Trump’s tariffs on Canada, Mexico and China, which Forex Traders has described as the first step of the global trade war. Apart from this, the reason has also had a negative effect on the rupee political tension.
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2. RBI Repo Rate may reduce 0.25%: Announcement may be done on 7 February, now EMI is expected to decrease after tax
FY 2025-26 budget arrived. Now the eye is on the Reserve Bank. It will be a meeting of the Monetary Policy Committee (MPC) between 5-7 February. Since the focus of the budget was on increasing consumption in the country, it is expected that the Reserve Bank will also help the government in this matter by reducing the interest rates. To increase the speed of economic growth in the country, it is considered necessary to increase consumption.
The budget has given great relief in income tax. Finance Minister Nirmala Sitharaman has tax-free income up to Rs 12 lakh annually. So far this limit of discount in the new regime was 7 lakh rupees. Anand Rathi Group co-founder and vice-chairman Pradeep Gupta said that income tax exemption is expected to increase consumption. Especially discretionary expenses can increase between middle and high-middle income groups.
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3. Gold on the alltime high, silver became cheaper: 10 grams of gold ₹ 618 and reached ₹ 82,704; Prices rose by Rs 6,542 in 34 days
Gold reached its all time high on 3 February today. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams 24 carat gold has increased by Rs 618 to Rs 82,704. Earlier, gold was at Rs 82,086. On 31 January, gold made an all -time high of Rs 82,165 per ten grams.
Silver prices declined today. It has come to Rs 220 cheap to Rs 93,313 per kg. Earlier, silver was Rs 93,533 per kg. Silver made his all -time high on 23 October 2024, when it reached Rs 99,151 per kg.
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4. Tata Chemicals lost ₹ 21 crore in the third quarter: Last year, the company was in profit ₹ 194 crore, revenue declined by 4% to Rs 3,590 crore.
Tata Group’s company Tata Chemicals Limited has a los of Rs 21 crore in the third quarter of FY 2024-25. In the same quarter of a year ago, the company was at a profit of Rs 194 crore. At the same time, the company had a profit of Rs 267 crore in the last quarter (July-September).
Tata Chemicals generated a revenue of Rs 3,590 crore by operating in the October-December quarter. It has decreased by 3.75% on an annual basis. In October-December last year, the company generated a revenue of Rs 3,730 crore. Tax-free money from selling goods and services is revenue.
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5. Budget session: BJP gave notice notice against Sonia Gandhi-Pappu Yadav; Both of them commented on the President
BJP MPs on Monday gave notice of breach of privilege against Congress Rajya Sabha MP Sonia Gandhi and Lok Sabha Independent MP Pappu Yadav. Notice has been given on the comments of Sonia and Pappu Yadav on President Murmu on the first day of the budget session.
It was written in the BJP’s notice- Sonia Gandhi-Pappu Yadav has used derogatory and condemnable words against the President of India with the intention of reducing the dignity of the highest position. Hence the notice of violation of parliamentary privilege, morality and dignity was presented.
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Tomorrow, see who should be the top-10 richest in the world…
Know the condition of tomorrow’s stock market and gold and silver …
Know the latest price of petrol-diesel and gas cylinders …
