Gold is currently trading at Rs 25,200 for 10 grams.
Pressure had been building on the International Olympic Committee (IOC) and its president, Thomas Bach, with some athletes and sporting bodies angry that a seemingly inevitable decision had taken so long.
It's hoped the negotiations can be wrapped up by August 20.
The president said the European Union has "failed to take the same precautions" as his administration had implemented to contain the coronavirus outbreak.
Mementos from the soccer world that brought Syrian refugee Osama Abdul Mohsen to Spain are strewn around the flat he shares with two of his sons, including a ball signed by Real Madrid's star players and a banner for the local team, Getafe.
A spokesman from Libya's Red Crescent said that 85 bodies were detected near Libya's capital of Tripoli while another 10 bodies were found near the coastal city of Sabartha.
Rediff.com brings you images of struggle and hope as migrants attempt to reach European countries.
Both the Greek and Iranian deals are extremely imperfect and fraught with uncertainty, says Claude Smadja.
Rupee logs longest winning streak since 2012; up 19 paise.
From the political maelstrom in Washington to the humanitarian disaster in Yemen to the deadly unrest along the Israel-Gaza border, photographers captured a world in turbulent transition.
Analysts expect the Reserve bank to cut rates in next monetary policy.
The RBI fixed the reference rate for the dollar at 64.1505 and for the euro at 72.2720.
Moved by three-year-old Aylan Kurdi's death, Vidhya Ramalingam has kick-started a crowd-funding campaign to buy a rescue ship for immediate action in the Mediterranean.
Both have been robustly muscular leaders who began as immensely charismatic politicians conveying an impression that they were makers of history, raring to go. Both have been hyperactive on the world stage. But in the final analysis, Abe is departing on a sombre note, unceremoniously and apologetically, observes Ambassador M K Bhadrakumar.
As German makes provisions to accept 800,000 refugees this year, the nation is split vertically on the crisis with refugee shelters attacked with Molotov cocktails and swastika signs painted outside many refugee homes.
Olympic organisers say they will not reveal the final torchbearer's identity until the torch arrives in the stadium on live television, watched by billions of spectators.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
India overtook Indonesia as the most optimistic consumer market, while Portugal and Slovenia were the most pessimistic.
"You will see further improvement after an immediate reaction and the markets will calm down," says Vikas Khemani.
India's current limit of $25 billion for ownership of government bonds by FIIs is fully utilised, leading to calls for increasing it
Rediff.com presents a selection of the year's most enduring moments year from around the world
Rediff.com, present to you a dummy's guide to the historic vote that could shape British-EU ties for generations.
8,000 asylum-seekers reach Germany in a single day amid deepening refugee crisis
India was ranked 12th among the large economies in 2008, and moved up to 10th by 2013, overtaking Canada and Spain.
So unless you are convinced of getting your market timing absolutely bang on everytime, opting for SIPs is more realistic from a logistical and psychological standpoint, says Larissa Fernand
Pahal looks to cut down diversion and eliminate duplicate.
The FTSEurofirst was on course for its worst one-day per centage fall since it slumped more than 7 per cent in October 2008
The plane was last detected in the skies over Greece, about 40 minutes from Athens, according to Sky News Arabia.
All the action from around the world last week, in case you missed it.
The NYSE accounts for more than 60 percent of S&P 500 volume at the close of the market
Technical fault was the reason behind it.
'The Olympics postponement may not be a political body blow to Abe Shinzo, but it is no denying that the economic cost of the postponement of the Games will be heavy for Japan,' observes Dr Rajaram Panda.
The first major devaluation of the rupee happened in 1966 when it was pegged against the US dollar at Rs 4.75/$
Holidayers' plans have gone topsy-turvy of late and the options have got limited.
Barcelona must appreciate matching the club's record of nine wins and a draw in their first 10 games of a Liga campaign, especially after Real Madrid's defeat at Girona, coach Ernesto Valverde told a news conference on Monday.
In the past two weeks China has cut interest rates.
The board meeting is likely to take place later in Shanghai.
Chances of a sudden collapse in the Shanghai Composite are remote.
'Salman Khan has the fittest body for the last 25 years. He looks younger each passing year. He inspires me a lot,' Himesh Reshammiya gushes about his mentor.
Brexit will likely put brakes on the UK's growth prospects.
