- Weather
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Max |
: |
40°C |
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Min |
: |
30°C |
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Sunrise |
: |
05 : 30 AM |
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Sunset |
: |
06 : 30 PM |
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Humidity |
: |
50 to 80 per cent |
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- Prayer Time
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Fajar |
: |
03:58 am |
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Dhuhr |
: |
12:09 pm |
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Asar |
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03:30 pm |
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Magrib |
: |
06:50 pm |
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Isha |
: |
08:09 pm |
- Oil Price
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- Gold Price
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Price in RO
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24ct / gm |
: |
17.37 |
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22ct / gm |
: |
17.00 |
- Currency Rates
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Forex Rates vs R01
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US Dollar |
: |
2.60 |
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Euro |
: |
2.01 |
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Pound |
: |
1.72 |
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Indian Rs. |
: |
144.42 |
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Pak Rs. |
: |
255.85 |
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Bangla Taka |
: |
201.35 |
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Mumbai: Manappuram Finance plunged for a second day after the Indian lender that accepts gold as collateral said falling prices of the yellow metal may trigger an increase in defaults and reduce fourth-quarter earnings.
The shares dropped 11 per cent to Rs24 in Mumbai, extending Tuesday's 20 per cent plunge.
The stock is poised for it biggest two-day drop since May 2003. A decline in gold prices may lead to "under-recovery of revenue on certain gold loan portfolios," Manappuram said in a filing yesterday. Muthoot Finance fell 4.4 per cent to Rs183.
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