Given that demand is expected to be lower than initially anticipated over the next two weeks, natural gas prices yesterday decreased by -0.48% to 186.3. The price drop occurred despite Canada’s gas exports from the country declining as a result of wildfires and the amount of gas flowing to U.S. LNG export facilities remaining low…
The strong export demand and anticipated lower stock levels at the end of the current marketing year helped Jeera close up 3.04% at 48580 yesterday. Due to Rajasthan’s unseasonal rains and hailstorms, the state that produces the majority of the crops, prices increased as crop worries grew. Due to increased demand from both domestic and…
In a light trading session on June 12, the Indian rupee ended with little change against the US dollar as investors awaited important CPI data and US Fed policy. The local currency increased 0.04 percent from its previous close of 82.47 to close at 82.43 for every dollar. The starting price of the currency was…
Until at least the first half of the following season, India is not considering allowing sugar exports since the government is concerned the El Nino weather pattern will restrict rainfall and hurt production, government sources said on Monday. The amount of sweetener mills can export is typically decided by India, the second-largest exporter of sugar…
Amid conflicting predictions for the Fed’s monetary policy decision, gold yesterday declined by -0.12% to 59821. According to data, 261 thousand Americans applied for unemployment benefits in the week ending June 3, up from 233 thousand the week before and the 235 thousand expected. China and India’s physical gold demand decreased, forcing dealers to give…
In anticipation of an increase in local supplies, the price of turmeric yesterday decreased by -0.28% to 7956 as profit was booked. Additionally, traders are displaying less interest at current price levels and refraining from bulk purchases in anticipation of a decrease in pricing. Given that farmers in Maharashtra and Telangana are receiving a fair…
With a strong loss of nearly 1.00% in May, the Indian Rupee underwent severe weakening and came under pressure. It’s interesting that this reduction took place despite the mind-blowing $5 billion in inflows. This begs the question of whether the INR could be impacted by the present downturn in Asian currencies. Let’s look at the…
On expectations of stimulus measures from major metals customer China, zinc yesterday finished up by 0.61% at 215.7. In order to stimulate the economy, China is probably going to further reduce bank reserve requirements and interest rates in the second half of this year. Investors also predicted Beijing would introduce supporting measures shortly to boost…
On Friday, Indian shares fell for the second consecutive day as a result of persistent profit-taking and a general decrease after the Reserve Bank of India hinted that tighter monetary conditions would linger. The benchmark S&P BSE Sensex dropped 0.35% to 62,625.6 while the blue-chip Nifty 50 closed 0.38% lower at 18,563.40. The benchmarks maintained…
Jeera yesterday increased by 1.26% to settle at 47980 as a result of strong export demand and projections for fewer supplies at the end of the current marketing year. Due to Rajasthan’s unseasonal rains and hailstorms, the state that produces the majority of the crops, prices increased as crop worries grew. Due to increased demand…
