The Indian Rupee is likely to trade in a rangebound manner on Wednesday amid mixed ideas. The range for the day as RBI ensures to keep the rupee within 80 levels is 79.70 to 80.00, according to forex analysts. Any trigger may lead to a breakout and set a target of 80.50-81.00 levels. In the…
Gold reached a three-week high in Asia on Wednesday morning during the previous session. The U.S. The weak dollar has encouraged the yellow metal as investors await minutes from the Federal Reserve’s recent policy meeting. During the previous session, gold futures rose 0.25% to $ 1,798.60 from June 17. The dollar, which normally moves against…
Russia’s export prices for summer new wheat fell last week following falling global standards in Chicago and Paris, IKAR Agricultural Consultancy said in a statement on Monday. Russia, one of the world’s largest wheat exporters, usually begins harvesting in late June-early July. Although a small crop, its Ministry of Agriculture said last week that it…
Rising premiums for North Sea oil led to the arrival of crude into Europe from exporters across the Atlantic. According to data compiled by Bloomberg, manufacturers in countries including Nigeria, Brazil, and the U.S. loaded nearly 1 million barrels of crude a day to European buyers more than they did in March last year. The…
Lead futures trading on the Multi Commodity Exchange (MCX) saw a downward trend. Indicates high during late February ₹ 181.3. Over the next three weeks,Future price 13 low Percent and touched ₹ 157Levels. But then the bulls acted quickly and returnedAround the course. After a brief period of integration,Futures are beginning to march they crossed…
Oil prices fell on Wednesday, turning a profit overnight, with COVID-19 cases on the rise in India and U.S. The larger-than-expected structure in crude stocks also offset the optimism shown by OPEC and its allies in a solid recovery in global fuel demand. Brent crude futures fell 26 cents, or 0.4%, to $ 66.16 a…
Elevated domestic prices and updated coronavirus controlsdue to the increase in infections, physical gold purchases are slowIn India, China has stepped up Gold import requiredgradually restarted. Friday, the future of local gold approximately ₹47,000 were tradedUp to 10 grams Thursday ₹47,279, maxSince mid-February. Many states like Maharashtra, Delhi, Uttar PradeshImposed local restrictions to prevent the…
technically the natural gas market is under new buying as the market rise 4.59% to open interest and settled at 13675, with prices rising to 2.5 rupees. Natural gas is supported at 187.5, below which the test can be seen at 185.8 levels, and resistance can now be seen at 190.9, with a move above…
