silver coins held steady at Rs 52,000 for buying.
Weakness in the greenback overseas against the backdrop of sluggish US macro data outcome helped the home currency move higher
Rupee weakened by 10 paise to end at 66.14 against the dollar due to month-end demand from importers and banks.
The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog vice chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... "Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.
Direct investors should stagger their investments over 1-2 months.
Grand Slam champions Daniil Medvedev from Russia and Belarusian Victoria Azarenka will not be able to participate in the June 27-July 10 tournament.
A weak dollar against major world currencies supported the domestic unit.
On Monday, the rupee gained 16 paise.
The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
Silver eased by Rs 150 to Rs 37,100 per kg lacking necessary buying from industrial units.
After gaining Rs 75 in the previous session, the precious metal advanced further, driven by a firming trend in overseas markets as US economic data signalled the Federal Reserve may continue its asset purchase program to support the recovery.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
Silver also dropped by Rs 900 to Rs 42,500 per kg on poor offtake by industrial units and coin makers.
Snapping their three-day falling trend, gold prices surged by Rs 375 to trade at Rs 26,375 per 10 grams at the bullion market.
By changing the nation's name from India to Bharat, would this landmass overnight lose the emotional and cultural linkage that had been built over generations, centuries and millennia, asks N Sathiya Moorthy.
A fresh demand for the US currency from importers weighed on rupee.
Traders said sentiment in gold remained bearish as the metal extended a decline from the highest level in more than three months in global markets amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cuts.
Biden, 'plotting an ambitious presidency that would begin amid twin health and economic crises, is leaning on veteran advisers with high-level governmental experience rather than outsiders and ideological rivals to help guide him on subjects including the coronavirus pandemic and the country's diminished standing in the world', a report in The New York Times said.
After three sessions of weakness, the rupee strengthened by 50 paise against the dollar.
Globally, gold advanced 0.3 per cent to USD 1,179.35 an ounce in Singapore.
Silver halted its four-day rising trend and declined by Rs 65 to Rs 41,000 per kg.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
According to a notification issued by the Union home ministry, the Municipal Corporation (Amendment) Act, 2022 will come into effect from May 22.
The US dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up by 0.31 per cent at 97.52.
The domestic currency had gained seven paise on Friday.
Oil price have started rising as President Barack Obama's efforts to win backing for a military strike against Syria cleared its first hurdle.
The precious metal had gained Rs 335 in the last two days.
Sentiment in gold remained bearish, falling for the second day in global markets, as investors weighed on when the US Federal Reserve will slow the pace of bond purchases, traders said.
Traders said sentiment bolstered after gold jumped to a one-month high in overseas markets as expectations the US Federal Reserve will sustain stimulus hurt the dollar, and raised demand for precious metals as an alternate investment.
While gold surged by Rs 275 to Rs 27,300 per 10 grams, silver gained Rs 295 to Rs 40,730 per kg on increased offtake by jewellers and industrial units.
Silver also eased by Rs 50 to Rs 38,800 per kg.
The government will release the Index of Industrial Production for July 2015 on Friday, September 11, 2015.
Silver also drifted by Rs 600 to Rs 39,100 per kg.
Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.
Silver also rose further by Rs 100 to Rs 37,600 per kg.
The Congress released a booklet 'Nau saal, Nau sawaal', asking nine questions from Modi. The BJP rejected the Congress' criticism as a 'bundle of lies and mountain of deception' and said the questions are born out of 'pathological hatred' of the PM.
Silver also turned weak and declined by Rs 400 to Rs 42,600 per kg on poor offtake by industrial units and coin makers.
Silver followed suit and advanced by Rs 50 to Rs 33,750 per kg.
Asim said 53 injured were currently being treated while seven had been admitted to the intensive care unit.
Forex dealers said besides a lower opening in the domestic equity market on fears of a rate hike by the Reserve Bank, higher demand for the American currency from importers put pressure on the rupee but dollar's weakness against other currencies overseas, capped the fall.
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