Due to the wedding and holiday seasons, retail sales of platinum in India rose by 22% in the fourth quarter of 2022. Notwithstanding concerns about the status of the world economy, consumer demand propelled sales, according to a Platinum Guild of International (PGI) statement. According to the statement, platinum continues to be in demand from…
The Reserve Bank of India (RBI) said on Monday that the banking system’s loan growth for the three months ending December 31 was 16.8%, up from a rise of 8.4% in the same period a year earlier and a rise of 17.2% at the end of the second fiscal quarter. Bank branches in metropolitan areas,…
Prior to deciding to sell 50 lt from the Central Pool under the open market sales scheme (OMSS), the government had expected its wheat reserves to be at 126 lakh tonnes (lt) as of April 1, 2023. The country may have roughly 90 lt of stock as of April 1, 2023, vs the buffer norm…
While demand has started to pick up again and ending stocks have decreased, cumin (jeera) prices have increased by roughly 10% since the beginning of this month. Cumin was quoted at 31,000 rupees per quintal, up from 28,350 on February 2 at the Unjha agricultural produce marketing committee (APMC) yard, a price-setter in the spice….
Castor seed production in the nation is anticipated to rise by 15% to 19.46 lakh tonnes for the 2022–2023 growing season (November 2022–October 2023). At the yards of the agricultural produce marketing committee, the fresh crop has begun to arrive. The castor-growing regions of Gujarat, Rajasthan, Andhra Pradesh, and Telangana were covered in two rounds…
Mumbai, Early on Monday, the rupee lost 19 paise to trade at 82.94 against the US dollar as a result of a strong US dollar and a flat domestic equity market. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 82.87, then declined further to 82.94, losing 19 paise…
According to RBI Monetary Policy Committee (MPC) member Jayanth R Varma, India’s economic development appears to be “extremely unstable” and may not be sufficient for the nation to meet the demands of its expanding workforce.In India, according to Varma, he anticipates that inflation would stay high in 2022–2023 but will sharply decline in 2023–2024. Nevertheless,…
Like many wheat farmers in the region, Parwinder Singh, a farmer from Punjab’s Kapurthala district, worries about crop loss as a result of recent temperatures that have been above average. A farmer from Talwandi Mehma named Singh stated that at this time of year, “The crop doesn’t require a lot of warm days. It may…
Monday’s solid U.S. economic statistics fueled concerns that the Federal Reserve will continue raising interest rates to control inflation, but gold prices were flat and remained close to a two-month low. Gold’s spot price remained at $1,810.48 per ounce. At $1,817.40, U.S. gold futures were unchanged. On Monday, gold prices fluctuated between flat and up….
On Friday, oil prices continued to rise as the likelihood of decreased Russian supplies partially offset rising US inventories. Around 0215 GMT, the price of Brent crude futures increased 61 cents, or 0.7%, to $82.82 per barrel. The price of a barrel of West Texas Intermediate crude futures (WTI) increased by 63 cents, or 0.8%….
