STOCK MARKET NEWS :- RBI sets rupee reference rate at 65.1386 against dollar

The Reserve Bank of India today fixed the reference rate of the rupee at 65.1386 against the US dollar and 76.5900 for the euro. The corresponding rates were 64.9256 and 76.3395, as on yesterday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 85.4814 and 57.19 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.

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COMMODITY MARKET :- कच्चे तेल की कीमत 56.38 डॉलर प्रति बैरल

भारतीय बास्केट के कच्चे तेल की अंतर्राष्ट्रीय कीमत सोमवार को 56.38 डॉलर प्रति बैरल दर्ज की गई। यह शुक्रवार को दर्ज कीमत 55.83 डॉलर प्रति बैरल से अधिक रही। पेट्रोलियम एवं प्राकृतिक गैस मंत्रालय के अधीन पेट्रोलियम नियोजन एवं विश्लेषण प्रकोष्ठ (पीपीएसी) द्वारा मंगलवार को यह जानकारी दी गई।

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रुपये के संदर्भ में भारतीय बास्केट के कच्चे तेल की कीमत सोमवार को बढ़कर 3665.86 रुपये प्रति बैरल हो गई, जबकि शुक्रवार को यह 3632.27 रुपये प्रति बैरल थी। रुपया सोमवार को बढ़कर 65.02 रुपये प्रति डॉलर के स्तर पर बंद हुआ, जबकि शुक्रवार को यह 65.06 रुपये प्रति डॉलर था।

Commodity Market :- India rethinks jewellery sales oversight after slump in gold demand

Indian authorities withdrew on Friday an amendment that made jewellers subject to anti-money laundering legislation and caused a drop in gold sales.

The Prevention of Money Laundering Act obliges banks and other financial institutions to report all cash transactions above 50,000 rupees ($765) to the government, including customers' personal identification numbers or tax codes.

Transactions by jewellers in the world's second-biggest gold consumer were added to the list in August but without specifying a financial threshold.

However, that dented jewellery sales during the gold-buying festival season because customers were wary of providing personal details, industry body the All India Gems and Jewellery Trade Federation said.

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