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The dollar fell across the board on Tuesday, sinking to four-year low against the euro, as investors firmed bets for a Federal Reserve interest rate cut this week.
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Gold price surged Rs 1,800 to touch a fresh peak of Rs 1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve.
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The Indian rupee rose for the third straight session, closing at 88.05 per dollar, supported by a weaker dollar, stronger equities, and optimism ahead of the US Fed policy outcome.
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LIC has raised its stake in Tech Mahindra to 10.84% despite a 10% YTD stock decline, signaling confidence in the IT majors long-term growth potential amid weak global tech spending.
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Canara Robeco Flexi Cap Fund completed 22 years, turning a Rs 10,000 monthly SIP of Rs 26.4 lakh into Rs 1.79 crore, delivering 15.04% XIRR with consistent long-term wealth creation.
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News and Media
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