The price of gold remained stable on Wednesday, while copper continued to advance strongly as risk-driven assets rose on predictions that the Federal Reserve will raise interest rates more gradually going forward, which also limited dollar gains. The Federal Reserve is expected to raise interest rates in December by a very narrow margin of 50…
On Tuesday, the rupee increased 0.2% to close at 81.67 against the dollar. Although the value of the Indian rupee has decreased during the previous week, there is a potential that it will turn around. The net foreign portfolio investor flows have been strong in November; as of this writing, the flows stood at $3.2…
Traders predict grim futures for the export of the fibre crop as domestic cotton prices continue to dominate higher than rates in the international market. At the same time as key producing regions are seeing an increase in cotton arrivals at agricultural produce marketing committee (APMC) yards, However, farmers would rather hold back their produce…
Vegetable oil producers in India are grinning once more as edible consumption has returned to pre-Covid levels. In the 2019–20 season (November–October), the average person’s consumption of edible oil fell by 7.8 percent, and the future years’ price volatility further impacted the off-take. And now for the good news for manufacturers of edible oils. Unexpectedly,…
In the previous week, silver prices dropped 5% to $20.8 an ounce, continuing their downward trend from a five-month high of $21.7 on November 14. However, given that silver output has fallen into a shortfall compared to demand, the metal’s prices, which have fallen 10.3 percent year to date, are anticipated to rise. The Silver…
The rupee avoided its first weekly fall in four weeks last week as a result of weaker regional currencies and a withdrawal of foreign funds. While the dollar index rose 0.6% to 106.93, spot USDINR increased by 88 paise to 81.69. To cap off a low-voltage week that saw the Dow Jones close virtually unchanged…
In light of the slowdown in global economy and its effects on India’s exports and industrial activity, Crisil on Monday lowered its forecast for India’s GDP for the current fiscal year from 7.3% to 7%. The rating agency also said that as global economy slows more quickly, the country’s gross domestic product (GDP) growth will…
When compared to the previous season, the closing cotton stock for the 2022–23 growing season may increase by 2.5 million bales (170 kg per bale) to roughly 5.8 million bales due to lower domestic and export consumption as well as higher output driven by increased sowing area. In India, the cotton season lasts from October…
The price of crude palm oil, which has experienced extreme volatility over the past six months, is predicted to increase by 8 to 10 percent as demand for essential edible oil rises internationally. Kadir is a member of the Malaysian delegation that will be present at the two-day Global Roundtable on the Vegetable Oil and…
The government’s announcement to remove the export duty late on Friday was applauded by the steel sector. The tax, which had been introduced in May, was eliminated as of Saturday. According to a notification from the Finance Ministry, iron ore lumps and fines with “less than 58 percent Fe” will not be subject to export…
