Welcome to the NYMEX Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
The rupee gained 0.2% versus the dollar on Tuesday, finishing the day at 82.66. As a result, the value of the Indian rupee remains stable within a range of 82.40 and 83. Yet, the overall bias is still against the rupee due to a weak local market and risk aversion. The dollar has been strengthening…
Due to the wedding and holiday seasons, retail sales of platinum in India rose by 22% in the fourth quarter of 2022. Notwithstanding concerns about the status of the world economy, consumer demand propelled sales, according to a Platinum Guild of International (PGI) statement. According to the statement, platinum continues to be in demand from…
Mumbai, Early on Monday, the rupee lost 19 paise to trade at 82.94 against the US dollar as a result of a strong US dollar and a flat domestic equity market. At the interbank foreign exchange, the local unit started out weakly versus the dollar at 82.87, then declined further to 82.94, losing 19 paise…
On Friday, oil prices continued to rise as the likelihood of decreased Russian supplies partially offset rising US inventories. Around 0215 GMT, the price of Brent crude futures increased 61 cents, or 0.7%, to $82.82 per barrel. The price of a barrel of West Texas Intermediate crude futures (WTI) increased by 63 cents, or 0.8%….
Wednesday’s oil prices remained stable as traders awaited the U.S. Federal Reserve’s remarks in the wake of recent statistics suggesting the prospect of additional interest rate hikes, which may slow global economic growth and reduce fuel demand. After losing 1.2% on Tuesday, Brent crude futures for April delivery were up 2 cents at $83.07 per…
The rupee has appreciated only 1.14 percent against the dollar since the US Fed raised rates by a quarter point on February 1 thanks in part to Central Bank of India’s intervention in the spot and non-deliverable forward (NDF) markets. Although the dollar index (DXY) increased 3.60% during that time, the currencies of emerging markets…
According to Ashutosh Tikekar, head of global markets at BNP Paribas India, the Indian rupee is anticipated to trade in a range of 81-84 against the US dollar in the upcoming quarter. The Reserve Bank of India (RBI) will continue to play a crucial role in controlling volatility. “In essence, the RBI has a significant…
The American currency’s rise abroad and a flattish trend in local markets dampened investor optimism, causing the rupee to weaken 14 paise to close at 82.84 (provisional) on Friday. The rupee depreciated 14 paise from its previous closing of 82.70 to end the day at 82.84 (provisional) on the interbank foreign exchange market. It had…
Despite government efforts, rupee trade has not taken off. The exchange rate mechanism and money repatriation are experiencing teething problems, according to officials from the ministry of trade. According to a representative of the trade ministry, “It hasn’t really taken off, but there are isolated situations where banks have started it.” India hasn’t, however, formally…
In response to lower trade deficit figures for the month of January, the rupee partially recovered from its initial losses on Wednesday to settle lower by 4 paise at 82.82 (provisional). Forex traders claimed that the appreciating bias was curbed by a stronger American dollar in foreign exchange markets. The rupee opened lower at 82.90…
