Day

December 23, 2025
Silver prices hit a fresh record on Tuesday breaching the $70 per ounce mark in the spot market ‌driven ‌by strong ‌industrial and investment demand, tightening inventories, geopolitical ​tensions, ​and expectations of ‌further ‍U.S. ‍rate cuts.
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The Reserve Bank of India on Tuesday said it will purchase government securities worth Rs 2 lakh crore and conduct a USD 10 billion buy/sell dollar-rupee swap auction to inject liquidity in the banking system.
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Vedanta chairman Anil Agarwal says silver has entered a structural upcycle, driven by technology-led demand. Silver has surged 125% in 2025, outperforming gold, and now contributes nearly 40% of Hindustan Zinc’s profits, strengthening Vedanta’s earnings diversification and margins.
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Indian markets closed flat as IT and financial stocks lagged in range-bound trade. Ambuja Cements jumped on consolidation plans, Jupiter Wagons extended gains, Coal India rose on IPO buzz, while Coforge and Meesho corrected on profit booking.
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The RBI conducted short-tenor FX buy-sell swaps to cool a surge in hedging costs, pulling one-month forward yields down from multi-year highs. The move follows lender requests as elevated premiums erode foreign investor returns and trigger outflows from bonds and equities, underscoring the challenge of managing rupee stability.
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The pound rose to a near three-month high against a broadly weaker ‍dollar on Tuesday, as traders assessed ​green shoots in the UK economy while keeping a close ⁠eye on persistent inflation.
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Promoters trimmed their stakes across key midcap names, including AWL Agri Business, Polycab India, Alkem Labs and Gujarat Fluorochemicals in Q2FY26, signalling fundraising needs but raising investor caution.
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Adani Ports completed an all-share acquisition of Australia’s NQXT terminal, securing approvals and adding a high-margin, cash-generating overseas asset. The deal boosts FY26 EBITDA outlook, strengthens East-West trade positioning, and underpins expansion plans amid rising global port consolidation trends worldwide.
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Billionaire investor Ray Dalio told Nikhil Kamath that he consistently holds 8–10% of his wealth in gold, calling it the best hedge against a debt-driven global economy. He described gold as an anti-dollar asset, warned about risks in fiat systems, and said India remains a standout long-term growth story.
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Indian government bonds ended steady ‍on Tuesday, amid worries ​over excessive supply till next quarter and waning prospects ⁠for further rate cuts, while the benchmark bond recovered from its intraday lows on likely central bank purchases.
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