The Telegraph
Since 1st March, 1999
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Business Briefs

Gold scales new peak

Mumbai, Jan. 25: Heavy interested and speculative buying in gold with increased war fears pushed the metal’s prices to a new high of Rs 5,930 on the bullion market here today. Standard gold opened higher at Rs 5,935 and later closed at Rs 5,930, showing a steep rally of Rs 60 over yesterday’s closing rates of Rs 5,870.

Forex reserves

Mumbai, Jan. 25: For the second time within a month, the country’s foreign exchange reserves soared by $ 1,053 million to cross a record high level of $ 72,400 million in the week ended January 17, according to the Reserve Bank of India’s weekly statistical supplement released here today.

United Bank

Calcutta, Jan. 25: United Bank of India (UBI) today announced a downward revision in interest rates on domestic term deposits and NRE term deposits which would be effective from January 27.

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