When the Federal Reserve and other major central banks declared a concerted push to enhance dollar flows into the global financial system, experts suggested the U.S. dollar index is expected to remain bearish in the upcoming days. The announcement was made on March 19 by the Bank of Canada, the Bank of England, the Bank…
Foreign portfolio investor (FPI) inflows have been impacted by the halting of the dollar-to-rupee carry trade, according to analysts. Statistics indicate that in 2022, FPIs sold more than $16.5 billion worth of Indian shares, or $68 million per day. Including GQG investments in the Adani Group, FPI sales in 2023 to date total more than…
The Solvent Extractors’ Association (SEA) of India predicts that the production of the rapeseedmustard crop will be around 115.25 lakh tonnes (lt) in 2022-23. In 2021–2022, SEA anticipated that the crop would be 110 lt. On announcing the all-India estimate for the rapeseed-mustard crop in 2022–2023, SEA stated that India is on track to produce…
The agricultural produce marketing committee (APMC) yards in the growing regions in India have seen cotton arrivals start to rise to a three-year high in March. This is due to the fact that, according to traders and industry leaders, the price of natural fiber has stabilized between 60,000 and 62,000 per candy (356 kg) and…
FMCG firms anticipate a 5–15% increase in demand for a variety of items, including those in the snacking, beverage, ready-to-eat package, rice product, and soap categories, due to the early start of summer this year. “For the next three months, we anticipate at least a 15% increase in demand. The need for snack items typically…
Oil prices increased on Monday following their greatest weekly loss in months as UBS agreed to acquire Credit Suisse and some of the biggest central banks in the world worked to reassure and stabilize the world’s financial markets. Following a week in which it lost about 12% of its value, the price of Brent oil…
Despite the metal’s bearish worldwide indications, the local gold rate is marginally in the green on Monday, while the domestic silver rate is down 0.24%. Gold April futures were up Rs 23 or 0.04% on the Multi Commodities Exchange, trading at Rs 59,406 per 10 kilos. At Rs 68,336 per kg on the MCX, silver…
After numerous U.S. banks crashed and FII unloading resulted, the market saw strong selling for the second consecutive week ending March 17 amid negative global cues. The second part did experience some recovery, though, as a result of financial aid provided to U.S. banks, a decline in the price of crude oil, and predictions that…
Ravindra V Rao, VP-Head Commodity Research at Kotak Securities, said Investors were paralyzed by fear this week as the banking crisis moved from the U.S. to Europe, raising concerns about contagion in the international financial markets. The U.S. regulators announced plans to reduce systemic risk at the beginning of the week in a joint statement…
The Reserve Bank of India’s (RBI) data supplement revealed on Friday that foreign exchange reserves dropped $2.4 billion to $560 billion for the week ending March 10, its lowest level since early December. After dropping steadily during the whole month of February, the foreign exchange reserves increased $1.45 billion to $562.4 billion last week. According…
