On November 16, the governor of the Reserve Bank of India, Shaktikanta Das, called a meeting with the heads of a few public sector banks and private sector banks to examine the sustainability of the country’s strong credit growth and determine whether any risks exist in the loan portfolios of the banks in light of…
Gold prices slightly declined on Monday from a three-month high reached in the previous session as the dollar and U.S. government yields increased in response to a top U.S. central banker’s warning that the Federal Reserve is not yet “softening” its fight against inflation. After reaching its highest level since August 18 on Friday, spot…
According to the Society of Indian Automobile Manufacturers (SIAM), passenger car wholesales (dispatches to dealers) in India increased 29% year over year (YoY) to 2,91,113 units in October from 2,26,353 units in October 2021, driven by strong festival season demand. Again, the utility vehicle (UV) category outsold the passenger car (PC) sector during the month,…
Market ended higher for the fourth consecutive week and rallied more than 1 percent in the week ended November 11 on the back of a strong comeback by global markets after lower-than-expected U.S. inflation data, continued FII support, rising rupee. For the week, BSE Sensex gained 844.68 points or 1.38 to end at 61,795.04, while…
The dollar fell as a result of lower-than-expected inflation in the U.S., and the rupee strengthened by 100 paise to settle at 80.81 versus it. The widest opening disparity in over a decade was 110 paise greater than 80.71 when the currency was introduced. Before finishing at 80.81, 100 paise higher, according to Reuters, it…
Due to an early start in Rajasthan and Uttar Pradesh, wheat sowing has increased by 10% as of Friday during the current rabi season. By the end of the month, the area under the cereal crop will show how much wheat will be produced, as planting in December would certainly damage the crop yield if…
Millions of public shareholders in listed companies that go through the Corporate Insolvency Resolution Process are being protected, according to market regulator SEBI (CIRP). The CIRP has so far mainly served the interests of banks and significant creditors, with shareholders losing control of a company the moment it entered the debt restructuring process and the…
Oil prices increased on Friday as softer-than-expected U.S. inflation data raised expectations of more gradual Federal Reserve interest rate increases, but worries about slowing economic growth and a rise in COVID in China kept oil trade negative for the week. After U.S. equity markets rallied, crude markets followed suit. A series of swift interest rate…
In the current marketing year through August, the US Department of Agriculture (USDA) predicted a higher global production of oilseeds, but the prognosis of a 10.5 percent decline in sunflower seed in light of the Ukraine War may be cause for concern. According to the USDA, global production will total 645.61 million tonnes (mt), up…
The instructions that will encourage rupee settlement in international trade were announced by the commerce ministry on Wednesday. According to trade analysts, in some situations, it will allow exporters to receive the benefits stated by the foreign trade policy even if the export realization is in the domestic currency instead of the dollar. The Directorate…
