Oil prices were little altered on Friday following a meeting between Saudi Arabia and Russia that helped to calm the markets, but crude benchmarks were still on track to drop for a second consecutive week after this week’s sell-off in the global financial markets was started by a banking crisis. After ending three days of…
The Indian rupee fell against the dollar on Thursday as worries over a European lender dampened overall risk sentiment, but it still managed to hold onto the higher side of a previous resistance level of 82.80. Compared to its previous closing of 82.59, the rupee closed the day at 82.73 to the dollar. Traders reported…
A safe-haven-fueled rise that had propelled gold prices to their highest level since early February was reversed on Thursday in the global markets. Once Credit Suisse became the latest target for concerns about a banking crisis, traders sought more clarity on the financial industry. Spot gold was down 0.3% at $1,912.48 per ounce after increasing…
Ahead of the start of the harvest for plants that have already experienced some heat stress, industry, and meteorological department officials warned that untimely rains and hailstorms could harm India’s important winter-sown crops including wheat, rapeseed, and chickpeas. The central, northern, and western areas of India, which are important growth regions, have been cautioned by…
According to the finance minister, the amount of money in circulation increased from Rs 13 lakh crore in 2014 to Rs 31.33 lakh crore in March 2022. As of March 25, 2022, the currency in circulation which includes banknotes and coins—to GDP ratio was 13.7%, up from 11.6% in March 2014. The amount of money…
Due to conflicting global indications, the gold rate is trading flat on Wednesday while the silver rate is down 0.48 percent. Gold April futures were down Rs 42 or 0.07% to Rs 57,441 per 10 kilos on the Multi Commodities Exchange. On the MCX, silver May futures were trading for Rs 321 less per kilogramme….
As part of the government’s efforts to control wheat and atta prices, state-owned FCI intends to sell 10.13 lakh tonnes of wheat to large users in the sixth round of an online auction on Wednesday. In order to keep prices under control, the Center has announced the sale of 50 lakh tonnes of wheat in…
According to data provided by the Commerce Ministry on Tuesday, India’s wholesale inflation, which is based on the all-India Wholesale Price Index (WPI), decreased to 3.85 % in February from 4.73 % in January. This is less than the 4% prediction made by Reuters. The data made public indicate that the decrease in the rate…
The biggest US bank failure since 2008 continued to reverberate through financial markets as oil prices extended losses ahead of important inflation data. After a turbulent session on Monday and a 2.5% decline in the closing price, West Texas Intermediate fell under $75 a barrel. Investors will be watching the consumer price index reading, which…
Domestic indices lost some of their early gains on Monday and lost more than 1% over the day. The Nifty 50 lost 277 points from its intraday high of 17,529.90 to trade at 17,252.25 while the BSE Sensex dropped 1000 points from its high of 59,510.92 to trade at 58,474.02. Continuing the downward trend, Bank…
