On June 15, the Indian Rupee was modestly worse versus the US Dollar, reflecting declines in Asian rivals. The rupee was trading at 82.18, down 0.1 percent from its previous close, after starting the day at 82.17. Yesterday, the Federal Reserve temporarily suspended its record-breaking run of interest rate increases, giving the economy more time…
Due to falling costs for food, gasoline, and manufactured goods, the wholesale price-based inflation rate in May decreased by (-) 3.48 percent, reaching a three-year low. The inflation rate based on the wholesale pricing index (WPI) has been negative for two months in a row. The value for April was (-) 0.92 percent. The WPI…
On Wednesday, KEC International, a company that specializes in construction engineering, announced that it had received orders totaling Rs. 1373 crore across all of its companies. KEC International Ltd., a significant global infrastructure EPC player, and RPG Group Company, announced in a regulatory filing that it has “secured new orders totaling Rs 1373 crore across…
As a result of indications that crop yields in the Maharashtra region of Marathwada have decreased due to recent rain, turmeric prices yesterday increased by 0.89% to 7912. Support was also noted because the farmers in Andhra Pradesh suffered significant losses due to the late rains that destroyed their turmeric crops. Due to the rain,…
Natural gas rose Wednesday by 3.38% to settle at 192.6, helped by increased demand and decreased supply. The demand for gas to generate electricity for air conditioning is projected to increase due to a predicted heatwave from 21 to 28 June. The domestic output is also decreasing from May’s record high of 102.5 bcfd. On…
BrightNight, a producer of renewable energy, intends to invest $1 billion in the development of 2 GW of renewable energy capacity in India over the next 4–5 years. The corporation will invest $250 million in equity. BrightNight is creating hybrid wind-solar projects that make smart use of energy storage and run continuously. The $250 million…
Given that demand is expected to be lower than initially anticipated over the next two weeks, natural gas prices yesterday decreased by -0.48% to 186.3. The price drop occurred despite Canada’s gas exports from the country declining as a result of wildfires and the amount of gas flowing to U.S. LNG export facilities remaining low…
The strong export demand and anticipated lower stock levels at the end of the current marketing year helped Jeera close up 3.04% at 48580 yesterday. Due to Rajasthan’s unseasonal rains and hailstorms, the state that produces the majority of the crops, prices increased as crop worries grew. Due to increased demand from both domestic and…
In a light trading session on June 12, the Indian rupee ended with little change against the US dollar as investors awaited important CPI data and US Fed policy. The local currency increased 0.04 percent from its previous close of 82.47 to close at 82.43 for every dollar. The starting price of the currency was…
Until at least the first half of the following season, India is not considering allowing sugar exports since the government is concerned the El Nino weather pattern will restrict rainfall and hurt production, government sources said on Monday. The amount of sweetener mills can export is typically decided by India, the second-largest exporter of sugar…
