Oil prices increased on Thursday on mounding supply force concerns among disruptions to Russian exports, the probable for major producers to cut output, and the limited closure of a U.S. refinery. Brent crude increased 59 cents, or 0.6%, to $101.81 a barrel, while U.S. West Texas in-between crude was up 42 cents, or 0.4%, at…
The domestic pharma industry is expected to report revenue profit growth of 7-9 % in the current fiscal, due to a blow in export sales in the regulated markets and a high-base effect in the domestic articulation business, as per rating agency CRISIL. The agency evaluation is based on a study of 184 drug makers accounting…
The Indian Rupee is likely to trade in a rangebound manner on Wednesday amid mixed ideas. The range for the day as RBI ensures to keep the rupee within 80 levels is 79.70 to 80.00, according to forex analysts. Any trigger may lead to a breakout and set a target of 80.50-81.00 levels. In the…
WTI Crude oil futures ended the last week 1.4% lower and closed at $90.77 per bbl, amid rising concerns of a global economic slowdown. Recession fears continue to spend pressure on energy markets, with Fed minutes a generating commitment to drop inflation to the 2% target range. U.S. crude stockpiles drop by 7.06 million barrels in…
Indian Market lost away for the second straight period on Monday, uneasy that global growth would slow sharply in the middle of continued tightening by central banks. The Street also expects more raises in local interest rates with inflation remaining uneasily high. The benchmark indices Nifty 50 and BSE Sensex lost over 1%, dragged lower…
Gold prices edged higher on Tuesday in the global markets after striking a near one-month low in the last session, helped by a slight pullback in the dollar although remaining worries over further hostile U.S. interest rate stroll kept the rise in check. Spot gold was up 0.2% at $1,738.90 per ounce, after striking its…
Indian rupee rises 4 paise to 79.80 against the U.S. dollar in opening trade on Monday, supported by falling crude prices in global markets and weakness in the American currency overseas. At the interbank foreign exchange, the rupee opened lower at 79.90 against the dollar but recovered lost ground to quote 79.80, ender a gain…
The central government on Sunday ruled out any move to import wheat and said there is enough wheat stock to meet domestic demand as well as for public distribution. The government last week estimated wheat production to have decreased almost 3% to 106.84 million tonnes (MT) in the 2021-22 crop year (July-June). The drop in…
Indian rupee decreased 12 paise to 79.76 against the U.S. dollar in early trade on Friday, tracking the strength of the American currency in the global market. At the interbank external exchange, the rupee opened at 79.75 against the U.S. dollar, then decline to 79.76, entering a decline of 12 paise over the previous close….
Gold prices fall over to a three-week low on Friday in the global markets and were heading for their first weekly decline in five, as a stronger dollar and prospects of more rate rises by the U.S. Federal Reserve dented its appeal. Gold contracts were trading 0.3% lower on the Multi-Commodity Exchange (MC-X) at Rs.51,451 per…
