Lead prices have risen by 9% in the last month, which has improved the forecast for the metal for the rest of this year and the first quarter of 2023. A rise in Chinese activity has been “the most significant driver of this transition,” according to a commentary from research firm Fitch Solutions Country Risk…
The Reserve Bank of India’s decision to permit Indian companies to hedge their gold price risk on recognized exchanges in the International Financial Services Centre (IFSC) will increase liquidity in bullion derivatives traded on the NSE International Financial Service Center and the India International Exchange, both of which are promoted by the BSE. Additionally, the…
According to information available on NSE, foreign institutional investors (FII) sold shares worth a net of Rs 1,241.87 crore on December 7, 2022, while domestic institutional investors (DII) purchased shares worth a net of Rs 388.85 crore.Up to December 7, FIIs sold shares totaling a net amount of Rs 4,367.46 crore, while DIIs purchased shares…
The markets appear to have agreed that the monetary policy decision is mostly hawkish after RBI Governor Shaktikanta Das asked the media, markets, and “informed circle” to estimate whether the MPC’s meeting outcome is hawkish, dovish, or “something else” totally. Despite the fact that investors had anticipated the repo rate increase of 35 basis points…
The strong dollar and risk aversion in international markets are expected to cause the Indian rupee to weaken on Wednesday. Additionally, ongoing FII inflows could harm the rupee. Investors will be on the lookout for the RBI’s monetary policy, as the central bank may decide to halt the rate of rate increases. The rate increase…
As the market anticipated a possible U.S. recession in 2023, crude oil futures dropped below $80 a barrel on Wednesday morning. On the Multi Commodity Exchange (MCX), December crude oil futures were trading at $6,177 in the first hour of trading on Wednesday morning, up from the previous close of $6,153 by 0.39 percent, and…
Growers are reluctant to sell their products at the current pricing as farmgate prices for arabica coffee have dropped by a fifth over the past two months. Growers are currently harvesting the premium and mild types in important producing regions of Karnataka, the State with the highest production, adding to their troubles as a result…
Five days after the retail e-rupee pilot programme was introduced, the RBI and banks are pleased with the first response and operational effectiveness. However, involvement in terms of value has been very low. Bankers claim that this is the case for both the wholesale and retail markets for digital currencies, despite the fact that the…
Stocks of cement companies have increased as a result of better demand driving up prices and lowering input costs. Cement prices across all of India have increased by 2% on average. Last month, prices increased by 4% in the Eastern region, where increases have already occurred three months in a row, and by 2% in…
On forecasts of a mild rate hike by the U.S. Federal Reserve on December 13–14, gold prices have begun to nudge up to a 4-month high. The Fed has raised interest rates by 3.75 percentage points so far this year, with each of the last four rate increases totaling 0.75 percentage points. On the basis…
