Indian Economy

smartphones

During October India shipped 21 million smartphones

According to International Data Corporation, during October, India shipped 21 million smartphones. It was the highest ever shipments for the month and second-highest in a single month in the calendar year 2020. India shipped Twenty-three million units in September. Remarkably, though, shipments held at 21 million. In October, the total number of units sold was …

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whatsapp payments

WhatsApp Payments is now available to Indian users

An American giant company WhatsApp has introduced a new feature, WhatsApp Payments. It is now available to India’s users (over 20 million users). The new feature supports the State Bank of India, HDFC, ICICI, and Axis Bank. Significantly, WhatsApp designed its new payments feature on the National Payments Corporation of India’s UPI system. It was approved …

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Gold and silver

Gold and silver prices increased in Indian markets

According to the latest news, gold and silver price increased in Indian markets. The rate is positive on global cue as new COVID-19-related restrictions in some countries have lifted the precious metals’ safe-haven appeal. On Multi Commodity Exchange, February gold futures boosted by 0.2% and settled at Rs 49,035 per 10 gram. Silver futures climbed …

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Gold and silver

Gold and silver prices declined sharply in Indian markets

On November 24, gold and silver prices declined sharply in Indian markets, as well as in recent weeks. On Multi Commodity Exchange, gold futures for December decreased by 0.9%, which equals ₹450 and settled at ₹49,051 per 10 gram. Meanwhile, silver futures dropped by the same amount – 0.9% (or ₹550) and settled at ₹59,980 …

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The rupee and dollar

The rupee rose 11 paise to 74.16 against the dollar

On October 22, the Indian rupee increased by 11 paise and settled at 74.16 versus the U.S. dollar, helped by positive domestic equities and sustained foreign fund inflows. Significantly, at the interbank forex market, the domestic unit opened at 74.15 versus the greenback and touched an intra-day high of 74.09 and a low of 74.21. …

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Gold

Gold prices resumed struggling in Indian markets

According to the latest news, gold prices resumed struggling in Indian markets for the fifth day in a row amid weaker global cues. On Multi Commodity Exchange, gold increased by 0.11% and settled at ₹50,029 per 10 gram, while in the previous four-sessions, it witnessed gains. Silver futures boosted 0.3% and settled at ₹61690. Significantly, …

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