On the strength of improving global cues and firming up of international pricing, Indian steel mills are considering price increases in January. Domestic orders, though, are still on the low side. First indications point to price increases of $500 per tonne for flat-coated products, which have been hardest hurt by growing imports and price variations….
Amid rising crude oil prices and ongoing capital outflows from abroad, the rupee started the session Monday on a flat note against the U.S. dollar. The rupee depreciated 1 paisa from the previous close to trade at 82.83 at the interbank foreign exchange from its opening price of 82.79. The rupee lost 3 paisas against…
Oil prices increased on Friday as traders bet that Russian crude exports from the Baltic region will decline in December, allaying concerns that an impending Arctic storm across the United States could dampen the rise in demand for transportation fuel over the holiday season. Brent crude was up 88 cents, or 1.1%, to $81.86 per…
In a government-to-government agreement, Bangladesh has given Indian co-operatives almost $40 per tonne more than what the private commerce had bid in a global import tender for 2.5 lakh tonnes of parboiled rice. Two tranches of the import agreement will be made through NCCF (National Co-operative Consumers Federation) and Kendriya Bhandar, with Dhaka receiving rice…
As traders awaited economic data due later in the day to determine the US Federal Reserve’s attitude on rate hikes, gold was trading flat in India’s market and other Asian markets on December 23 morning. The price of gold was Rs 54,530 for 10 grams, up 0.02 percent on the Multi Commodity Exchange (MCX). A…
On Thursday, December 22, 2022, data available on NSE shows that domestic institutional investors (DII) bought shares worth a net Rs 2206.59 crore while foreign institutional investors (FII) bought shares worth a net Rs 928.63 crore. FII sold shares worth a net of Rs 7,762.69 crore for the month of December up until December 22,…
In response to rising domestic and international demand, the price of the common spice cumin (jeera) has increased significantly by at least ‘300 per 20 kg in the past week. The commodity’s price increased from 4,800 to 5,100 to 5,100 to 5,500 in just the past week. According to market experts, this bull run is…
As a cold front approaches the United States and traffic is expected to spike throughout the holiday season, U.S. crude, heating oil, and jet fuel stockpiles were considered as tight on Thursday, driving up oil prices for a fourth straight day. At 01:45 GMT, Brent crude futures increased by 27 cents, or 0.3%, to $82.47…
On Thursday, the Indian Rupee is most likely to weaken due to an increase in the price of crude oil. After data revealed a larger-than-anticipated drop in US crude stockpiles, oil prices surged. A significant decline in the local currency may be avoided, though, due to the dollar’s weakness and the upbeat outlook for the…
