Zinc prices fell -0.91% to settle at 228.45 in December as a result of China’s official PMI dropping to 49 from the previous month, which heightened expectations of further government support. With expectations of early interest rate reductions by major central banks and a more complete economic recovery in China, the world’s largest zinc consumer,…
Due to a lack of signals on both the domestic and international fronts, the rupee’s volatility is still modest. In the domestic arena, the rupee was sustained and its gains throughout the intraday session were reinforced by flows relating to the initial public offering. Simultaneously, the rupee received assistance from the dollar index’s decline. The…
A slight increase of 0.11% in zinc prices was recorded as a result of mounting worries about supply interruptions. These worries have been raised by reports of a fire at the Russian Ozernoye mine project and by the recent halting of mining operations. A fire is said to have occurred at the Russian mine, which…
Aluminium fell -0.38% to settle at 208.4, with the main concern being the forecast for demand in China. Beijing intends to add CNY 1 trillion in debt to boost infrastructure development and industry. However, questions about the impact of these investments on output were raised by PMI data that showed a decline in China’s manufacturing…
Following the US dollar’s strength versus key international rivals and persistent outflows of foreign money, the rupee fell 9 paise to settle at an all-time low of 83.33 (provisional) against the US dollar on Wednesday. Furthermore, rising crude oil prices and a downward trend in US stocks combined with geopolitical unpredictability in the Middle East…
On Tuesday, the rupee lost 15 paisa to settle at 83.21 (provisional) against the US dollar as poor domestic equities and a strong US dollar dampened investor optimism. Forex traders claimed that the rupee was under pressure to fall due to subdued domestic macroeconomic indicators and ongoing FII withdrawals. The local currency started out at…
According to the S&P Global Purchasing Managers’ Index (PMI), India’s manufacturing activity climbed at the slowest rate in five months in September, but it remained strong, with strong demand lifting business confidence to its highest level this year, despite heightened inflationary pressures. S&P Global’s Manufacturing Purchasing Managers’ Index (PMI) was 57.5 in September as opposed…
According to the S&P Global monthly survey, India’s manufacturing sector experienced its quickest rise in three months in August, powered by a significant increase in new orders and output. The manufacturing sector’s health improved by the second-best amount in nearly three years in August, according to the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’…
In response to statements of intervention by the central bank and inflows of foreign capital, the rupee defied a four-week downturn by rising by more than half a percentage point. However, in light of rising food prices and unequal rainfall distribution that call for vigilant monitoring, the RBI’s minutes sounded hawkish. While local benchmark indices…
As the dollar became stronger and fresh information heightened worries about China’s economic recovery, copper yesterday saw a 1.1% decline to settle at 729.35, threatening the outlook for base metal demand. While year-to-date copper imports fell by 10.7% to represent a steep decline in demand for industrial inputs, both Chinese imports and exports decreased more…
