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Silver futures on MCX hit an all-time high of 1,17,250/kg, driven by strong industrial demand, Fed rate cut expectations, rupee weakness, and solar sector support. Analysts project silver may touch 2,00,000/kg by 2028.
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India-focused funds saw $78 million outflows in the fifth straight week, though redemptions eased from prior weeks, Elara Capital reported. ETFs drove all withdrawals, while long-only funds posted their first inflow in seven weeks, led by HSBC Global Investment Funds and Ashoka WhiteOak ESG Funds.
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The Indian rupee hit a record low of 88.31 per dollar before closing at 88.19, pressured by U.S. tariff concerns, weak equity inflows, and strong dollar demand. RBI intervention likely prevented deeper losses, but sentiment remains fragile.
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News and Media
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