Mahalakshmi@fastura.com

Gold prices expected to trade sideways to down this week

Mahalakshmi@fastura.com2 years ago03 mins

Commodity fees traded decrease with the maximum of the commodities withinside the non-agro phase witnessing a decline at some point of the week with crude oil and metals falling the maximum accompanied with the aid of using bullion fees. Gold fees traded decreased with spot gold fees at COMEX falling with the aid of using 1.49% to $1712 in step with an ounce for the week. Gold October futures at MCX fell with the aid of using 1.70% to Rs 50368 in step with 10 grams at…

Due to the strong dollar index and market risk aversion, the rupee is anticipated to decline

Mahalakshmi@fastura.com2 years ago03 mins

The rupee strengthened during the past week despite a steep decline in crude oil prices. Additionally, the rupee received support from large inflows into local equity markets and a reduction in the federal fiscal deficit of India. In response to Jerome Powell’s hawkish remarks, the dollar index increased slightly and reached its highest level in…

Petrol sales recovers in India, Diesel decline on fall in consumption

Mahalakshmi@fastura.com2 years ago02 mins

Petrol sales in India recovered in August but diesel continued to show a decline over the last month as rains in several parts nicked away demand in some sectors, mainly industry data showed. Petrol sales, which had declined 5% in July, increased 5.8% to 2.81 million tonnes in August when compared with 2.66 million tonnes of demand in…

Rupee may strengthen to 70 against a dollar by 2030

Mahalakshmi@fastura.com2 years ago03 mins

Indian rupee, which on August 29 hit a new record low versus the dollar, is expected to strengthen during the following ten years. The Indian rupee has dropped to a historic low of 80 per dollar this year, continuing a long-term trend of devaluation versus the U.S. dollar. It may still weaken further in the…

Govt expects higher rice production in Kharif season despite output worries

Mahalakshmi@fastura.com2 years ago03 mins

Despite concerns over production, the government set the estimated amount of rice it will purchase for the central pool at 518 lakh tonnes (LT), an increase of 1.60 percent from the previous year. In a meeting presided over by Union Food Secretary Sudhanshu Pandey here, the estimates were finalized following discussions with state food secretaries…

Gold price today: Weaker dollar supports yellow metal but hawkish Fed could cap gains

Mahalakshmi@fastura.com2 years ago03 mins

Gold prices rised slightly in global markets on Tuesday as the dollar fell from a 20-year high, offsetting pressure from expectations the U.S Federal Reserve kept interest rates higher for longer to combat inflation broadcast. Spot gold was up 0.1% to $1,739.1 an ounce. Morning, gold contracts traded were down 0.29% on the Multi Commodity…

Oil prices fall down as inflation anticipated to affect gasoline demand

Mahalakshmi@fastura.com2 years ago03 mins

Oil prices declined on Tuesday, wiping out some gains from the previous session as the market worried that more aggressive interest rate increases from central banks may cause a downturn in the global economy and weaken fuel consumption. After rising 4.1% on Monday, the greatest gain in more than a month, Brent crude futures for…

Indian rupee makes huge single-day rise in almost a year

Mahalakshmi@fastura.com2 years ago03 mins

On Friday, the Indian rupee saw its largest one-day gain in almost a year, supported by a steep decline in the value of the dollar, while bond prices dropped to their lowest levels in two and a half months, following declines in their American equivalents. Its highest single-day performance since August 27 of last year,…

Oil prices increase on potential OPEC+ supply cuts

Mahalakshmi@fastura.com2 years ago02 mins

Oil prices increased on Thursday on mounding supply force concerns among disruptions to Russian exports, the probable for major producers to cut output, and the limited closure of a U.S. refinery. Brent crude increased 59 cents, or 0.6%, to $101.81 a barrel, while U.S. West Texas in-between crude was up 42 cents, or 0.4%, at…

Pharma production expects to report 7-9% revenue gain in FY23

Mahalakshmi@fastura.com2 years ago02 mins

The domestic pharma industry is expected to report revenue profit growth of 7-9 % in the current fiscal, due to a blow in export sales in the regulated markets and a high-base effect in the domestic articulation business, as per rating agency CRISIL. The agency evaluation is based on a study of 184 drug makers accounting…

Gold prices expected to trade sideways to down this week

Due to the strong dollar index and market risk aversion, the rupee is anticipated to decline

Petrol sales recovers in India, Diesel decline on fall in consumption

Rupee may strengthen to 70 against a dollar by 2030

Govt expects higher rice production in Kharif season despite output worries

Gold price today: Weaker dollar supports yellow metal but hawkish Fed could cap gains

Oil prices fall down as inflation anticipated to affect gasoline demand

Indian rupee makes huge single-day rise in almost a year

Oil prices increase on potential OPEC+ supply cuts

Pharma production expects to report 7-9% revenue gain in FY23

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