The Agriculture Ministry in India has permitted the trading of 10 additional commodities on the electronic National Agriculture Market (e-NAM), increasing the total tradable items on the platform to 231. The new commodities include dried Tulsi leaves, Besant, wheat flour, chana sattu, water chestnut flour, asafoetida, dried fenugreek leaves, baby corn, dragon fruit, and water…
Without a doubt, this RBI policy meeting has been historic. The Reserve Bank of India has emerged from its five-year hiatus, reducing the key policy repo rate by 25 basis points to 6.25%, down from 6.50%. After 2020, this is the first instance of the RBI making a rate cut. In May 2020, the Reserve…
Yellow rose is expected to settle at 0.21% at 13,296, down 10-15% on concerns over lower yield forecasts. However, after the pace of harvesting in the main producing areas increased, the real impact on supply was more evident. Despite the lower yield expectations, weak demand and increased arrivals prevented price gains. With increased arrivals in…
Natural gas prices dropped by 0.63% to ₹285.7 due to increased U.S. production and reduced tariff risks. President’s suspension of tariffs on Canada and Mexico reduced import costs, reducing price support. Average U.S. gas output rose to 106.0 bcfd in February, but daily production dropped to 105.1 bcfd. Weather remains a key driver, with forecasts…
Hospitality- Positive Impact. With a focus on certain tourism segments and smart partnerships with states, the Budget is laying a solid basis for growing India’s tourism and hospitality industries. The government is fostering a more varied and rich travel experience and enhancing infrastructure by creating the top 50 tourist sites. To promote more sustainable and…
On February 5, the Indian rupee began five paise down against the US dollar at 87.1263, according to currency experts, as Asian stocks were poor. The local currency’s opening value against the US dollar was 87.1263, while its closing value against the US dollar was 87.0762. Due to growing trade concerns between the two biggest…
Jeera fell 1.37% to ₹20,905 on increased supply availability and lower demand. Of the nearly 20 lakh bags currently held by farmers, only 3-4 lakh bags are expected to be traded by the end of the season, leaving 16 lakh bags available for carry-forward. Jeera production for 2023-24 is expected to be 8.6 lakh tonnes…
CottonCandy rose 0.54% to ₹53,780, driven by India’s upward crop revision and strong demand from garment industries. The Cotton Association of India (CAI) increased its 2024-25 cotton production estimate by 2 lakh bales to 304.25 lakh bales, mainly due to higher output in Telangana. However, North Indian production is expected to decline by 3.5 lakh…
Electronics, automotive, and pharmaceutical companies are likely to lead the field with the largest share of incentives under the Production Linked Incentive (PLI) system, which is expected to nearly triple in the upcoming fiscal year compared to the payouts for the current one. The estimated cost of incentives for all 14 industries in 2025–2026 is…
US President Donald Trump’s aggressive tariff measures against China, Mexico, and Canada, along with the recent threat against Europe, sparked worries of a global trade war, sending the rupee plunging to a new record low and the benchmark indices closing down on Monday. The rupee made its first foray below the 87/$ threshold. At 87.195/$,…
