According to statistics issued by the government on Tuesday, the growth of India’s eight key sectors fell to a four-month low of 8.1% in September from a 14-month peak of 12.5% in August. This was mainly because of a dramatic fall in the increase in the production of power, crude oil, and refinery products. September…
Following the US dollar’s strength versus key international rivals and persistent outflows of foreign money, the rupee fell 9 paise to settle at an all-time low of 83.33 (provisional) against the US dollar on Wednesday. Furthermore, rising crude oil prices and a downward trend in US stocks combined with geopolitical unpredictability in the Middle East…
The price of natural gas fell sharply by -3.25% to settle at 291.4, mostly due to record output levels and predictions of milder weather. Prices were further pressured by lower predictions for heating demand over the next two weeks. According to the EIA, US utilities increased the amount of gas they stored by 74 billion…
Prices for turmeric jumped by 4.54% to 14,034 as a result of worries about possible production losses brought on by adverse October weather. IMD predicts that October will be drier than usual, which could have an effect on agricultural growth. The current crop conditions are still excellent, and harvest readiness is anticipated from January to…
In the initial estimate of the output, released on Tuesday by the Indian Sugar Mills Association (ISMA), India’s gross sugar production is predicted to fall by 8% to 33.7 million tonne (MT) in the 2023–24 season (October–September) compared to the previous season. According to ISMA, this season’s sugar output will be enough to meet the…
In October, India’s industrial activity decreased to 55.5 from 57.5 in September. This month marks the twenty-eighth consecutive month that the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ IndexTM (PMI) has shown signs of improving sector health. The most recent figure, which indicated the weakest rate of expansion since February, was below the long-run…
As the U.S. dollar gained strength due to hopes that the Federal Reserve will maintain high borrowing costs and a robust U.S. economy, silver prices fell by 1.49% to settle at 71669. Silver received some assistance from China’s stimulus policies and a declining currency as a result of encouraging economic news from Europe. Now, everyone…
Jeera’s recent drop from 43710 to 5.998% is due to favourable weather conditions that increased sowing efforts. Enough soil moisture is present to facilitate the expected normal sowing of Jeera. Recent price declines have encouraged stockists to purchase, which has led to short covering. The scarcity of high-quality crops also supports the market. However, because…
Renewable energy sources can provide up to 90% of the world’s electricity by 2050 and up to 65% by 2030, according to Union Power and New & Renewable Energy Minister R K Singh’s statement on Tuesday. In his remarks at the Sixth Assembly of the International Solar Alliance (ISA), Singh stated, “By 2030, renewable energy…
Profit booking caused cotton candy to drop -0.54% to close at 58,700 after rising in response to the USDA’s October WASDE data. Citing reduced yields in Texas, the research reduced U.S. cotton production for 2023–2024 to 12.8 million bales. Fascinatingly, Brazil is on the verge of surpassing U.S. cotton exports for the first time since…
