The rupee is doing well. The currency has broken over the psychologically significant 84/$ levels and is up almost 1% daily. These levels were last observed in June 2024. With Donald Trump’s victory in the November 2024 US presidential election, the currency has now erased all losses. Strong dollar inflows and short-covering are being cited…
The Centre plans to review the restoration of wheat entitlements under the Public Distribution System (PDS) after the procurement drive concludes. The agriculture ministry has projected a record wheat production of 115 million tonnes for the 2024-25 crop year, with the Food Ministry aiming to procure 31.2 million tonnes. The government has procured 256.31 lakh…
Silver prices fell 1.24% to 94,729 on trade tensions. The move came after the US President shared positive trade talks with India, Japan, South Korea and China. At the same time, demand for silver for industrial use weakened due to poor global economic data. And China’s manufacturing activity slowed to a 16-month low as export…
The rupee has reached a peak of 84.78 to the dollar. New geopolitical concerns and rising demand for the US dollar combined to put pressure on the local currency, causing it to reach its highest level since the start of 2025. According to forex traders, the rupee’s decline is the result of a risk-off mentality…
Cotton candy prices fell by 1.14% to ₹54,670 due to profit booking and concerns over a shrinking domestic crop. The Cotton Association of India (CAI) revised its production forecast by 4 lakh bales to 291.30 lakh bales, mainly due to reduced output in Maharashtra. Despite the lower crop outlook, prices saw limited upside due to…
Cumin prices continued to decline and closed at ₹21,925, down by about 1.75%. The decline was due to slow exports and adequate supply in the market. Also, increased arrival of cumin in Gujarat markets is a major reason for the decline in prices. Its supply has increased from 24,000 to 27,300 bags. Of the 20…
In India, purchasing gold on Akshaya Tritiya is a long-standing custom that combines good fortune and faith. With an estimated 24,000 tonnes of gold, Indian families are the greatest single owners of the precious metal worldwide. Today’s gold rate in India is Rs 95,500, reaching an all-time high of Rs 1 lakh on April 22….
Mahindra & Mahindra (M&M) stated on Monday that the SML Isuzu acquisition is strategically intended to increase market share in the truck and bus segments while simultaneously attaining higher cost reductions in the tractor segment. The plan to purchase a 59% share in SML Isuzu for a total of Rs 555 crore was accepted by…
Turmeric prices dropped by -1.57% at 14,004 on Thursday due to weak domestic demand and sluggish export inquiries. Total arrivals across key markets were 51,732 bags, indicating some supply pressure easing. In Sangli, arrivals dropped to about 7.0 lakh bags, reflecting lower-than-expected production this season. Turmeric cultivation area increased by 10% to 3.30 lakh hectares,…
Jeera prices have dropped by 2% at 22,545, driven by comfortable supplies and subdued export interest. Total arrivals in Gujarat increased to 27,300 bags, causing downward pressure on prices. However, supply trends remain critical, with tight near-term supplies from Rajasthan and delayed sowing in key regions. Production levels are expected to be similar to last…
