Gold prices rose in Asian markets on Friday, as tensions over the US economy increased after the US Federal Reserve said it would cut interest rates in December. This week, gold easily surpassed the key $4,000 an ounce mark, marking its first weekly gain in four years.Other precious metals have also risen in price. Spot…
Retail inflation figures for October have reached their lowest levels ever. The October print came in at 0.3% due to food inflation dropping to -3.7% from -1.4% YoY in September and GST reductions in apparel, transportation, and healthcare easing core inflation outside of commodities. Although this near-zero figure appears optimistic on the surface, what does…
US crude inventories rose by 1.3 million barrels in the week ended November 7, according to market sources on Wednesday, citing data from the American Petroleum Institute. Gasoline and distillate inventories fell, citing API data. Prices fell more than $2 a barrel on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) said global…
Food inflation decreases to -5.02% in October, while CPI inflation falls to 0.25%. The government stated that CPI data shows the effects of the GST cut are evident in every sector. According to the government release, “the full month’s impact of the decline in GST, favorable base effect, and to drop in inflation of Oils…
Due to high crude oil prices and withdrawals of foreign funds, the rupee fell 15 paise to 88.65 against the dollar in early trading on Wednesday. Forex traders reported that the domestic unit was supported at lower levels by renewed confidence for the trade agreement between the US and India. The rupee began trading at…
The price of gold is rising once more. Gold prices have stagnated over the past month after rising quickly and more than 57% so far this year. On October 7, 2025, gold broke beyond the $4,000 mark for the first time in history, and on October 17, it achieved an all-time high of $4,380. Gold…
October saw muted inflows into equities mutual funds despite a solid month for the Nifty 50 index. According to AMFI’s most recent data, net inflows into equity schemes decreased to Rs 24,690 crore, down around 19% from Rs 30,422 crore in September. Equity AUM increased to Rs 35.16 lakh crore, while the overall mutual fund…
Oil prices fell in early Asian trade on Tuesday, paring gains from the previous day.Both major oil benchmarks rose about 40 cents in the previous session. Concerns about a glut of crude are keeping crude prices from rising further. Analysts at energy consultancy Ritterbusch and Associates said, “Global crude supply is becoming a growing concern…
Despite directives from the Securities and Exchange Board of India (Sebi), the market regulator, to limit speculation in the futures market, stock market speculation has continued to reach a new high. The notional activity in the futures and options (F&O) market reached 476 times in October, the highest monthly average in two years, while the…
The presence of state-run banks curbed weakening in the local currency. Still, consistent interbank dollar bids dampened positive signals from increased risk appetite worldwide, causing the Indian rupee to move in a narrow band on Monday. The rupee was almost steady from its finish of 88.66 in the previous session, closing at 88.6750 against the…
