Turmeric falls on profit booking, higher arrivals, and weak export demand

Turmeric prices have eased by 0.44% to ₹14,800, driven by a surge in arrivals and subdued export enquiries. Total arrivals jumped to 57,500 quintals, doubling from 29,860 quintals in the previous session. However, concerns about lower production estimates and quality challenges in key producing regions remain. Untimely rains have affected crop productivity, with yields expected…

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India’s foreign exchange reserves fall $1.24 billion to $691.485 billion, according to the RBI.

The RBI announced on Friday that India’s foreign exchange reserves for the week ending May 30 had decreased by $1.237 billion to $691.485 billion. At $692.721 billion, the total reserves had increased by $6.992 billion during the previous reporting week. In late September 2024, the foreign exchange reserves reached a record high of $704.885 billion….

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