As food prices cooled off, India’s retail inflation rate dropped to 5.5 percent in November from a 14-month high of 6.2 percent the month before. Compared to 10.9 percent in October, food inflation decreased to 9 percent for the month.For the third consecutive month, consumer prices have stayed over 5%. At its December meeting, the…
Zinc prices dropped by 0.61% at 290.95 due to a slight increase in smelter production, less impacted by reductions in key regions like Henan and Gansu. Production surged in Qinghai, Inner Mongolia, Xinjiang, Hunan, and Shaanxi. Domestic refined zinc production is projected to rise by over 20,000 mt monthly in December 2024, marking a 5%…
Silver prices rose 0.29% to 95,802 on expectations of a Federal Reserve rate cut. Self-regulation plans have been introduced and are working on behalf of China’s solar panel industry, which is reducing demand for silver. According to the Silver Institute, the global silver deficit will decrease by 4% to 182 million ounces in 2024, based…
As worries about the nation’s economic future grew and other Asian currencies began to fall, the Indian rupee fell to a record low against the US dollar on Wednesday. By the end of trading, the rupee made a slight rebound, closing at 84.83 after plunging to its lowest point ever, 84.8650. The Chinese yuan pushed…
Investor confidence in mutual fund schemes has remained strong during a period of downward-biased volatility in both the Nifty-50 and Sensex. Mutual fund schemes’ net assets under management reached a new high of Rs 68 lakh crore. Every month, however, equity inflows in November decreased by 14% to Rs 35,943.49 crore. This decline was the…
Ahead of the arrival of the new crop, turmeric futures rose 0.95% to close at ₹14,038 on strong buying and restricted supply. Even as turmeric prices rose, gains were somewhat capped as weather conditions remained good and reports suggested that the turmeric crop was in good condition. Major turmeric trading hubs including Erode and Hingoli…
The 2024/25 US oilseed production forecast is 131.2 million tons, slightly higher due to higher cottonseed production. Soybean supply and usage projections remain stable, while soybean oil production rises due to a higher extraction rate. Export projections for soybean oil are raised by 500 million pounds, reaching 1.1 billion pounds, supported by strong export commitments….
The median of 17 estimates indicates that retail inflation, measured by the Consumer Price Index (CPI), probably dropped to 5.6% in November from a 14-month high of 6.21% in October. The primary cause of the dramatic drop in headline print was the cooling costs of food, particularly vegetables. The CPI inflation rate in November 2023…
Cotton candy prices fell by 0.68% to ₹55,280 due to weaker export data and a 47% decline in weekly export sales of upland cotton. However, domestic cotton yarn prices in South India have risen due to stronger demand for the garment industry and robust export orders. India’s cotton production for 2024/25 is projected to decline…
The enthusiasm for businesses going public is still strong, with an IPO pipeline worth over Rs 1.5 lakh crore scheduled for the next year, despite the Indian market experiencing severe volatility after an 18-month dream run. 34 firms have already obtained the necessary Securities and Exchange Board of India (SEBI) approval for initial public offerings…
