Global cues lift soya

The Hindu Businessline |Oct 05,2017 Improved global cues and scattered physical demand lifted oil prices marginally with soya refined quoted at ₹660-62 for 10 kg, while soya solvent ruled at ₹625-30 for 10 kg. Palm oil gained higher at ₹648, while cotton oil ruled at ₹610-12. Groundnut oil ruled stable at ₹870-900. Amid increased arrival, [...]

2017-10-16T14:36:41+00:00 October 5th, 2017|Agri Commodities, Economy|

Spices exports jump 35% in first quarter

The Hindu Businessline |Sept 27,2017 Boosted by large shipments of chilli, spices exports grew 35 per cent in quantitative terms in the first quarter of FY18 and rose to ₹4,589.14 crore during the period.The total export of spices rose to 3,06,990 tonnes in terms of quantity in the April-June period as compared to 2,27,938 tonnes [...]

2017-10-04T12:23:17+00:00 September 27th, 2017|Economy|

Rupee Losses Against Dollar Swell, Down 18 Paise At 65.28

The Hindu Businessline| Sept 26,2017 The rupee struggled at a fresh 6-month low of 65.28 — down 18 paise — against the dollar today, faced with heavy demand for the American currency from importers and banks, as foreign capital rushed out.A firm dollar, dealers said, against global currencies overseas and domestic equities hitting a soft [...]

2017-09-28T11:40:56+00:00 September 26th, 2017|Economy|

Daily price change: Fuel rates up 8% since mid-June, says Icra

Economic Times|Sept 26,2017 Petrol and diesel prices have jumped 8 per cent since daily price revision was implemented in mid-June, IcraBSE 2.33 % said today, warning that a sustained price hike can hit demand growth and create inflationary pressures. The rise in fuel rates can be attributed to a 14 per cent increase in international petrol [...]

2017-10-04T10:33:51+00:00 September 26th, 2017|Economy|

Foreign Direct Investment May Push Rupee To New Heights

Economic Times| Sep 18,2017 The rupee, among the best-performing emerging-market currencies this year, is poised to gain 4 per cent more against the dollar by March on sustained overseas flows unless a surprise hardening in US rates or premature shrinkage in Fed balance sheet triggers a safe-haven rush… Source: http://economictimes.indiatimes.com/markets/stocks/news/foreign-direct-investment-may-push-rupee-to-new-heights/articleshow/60724799.cms

2017-09-22T11:12:40+00:00 September 18th, 2017|Economy|

Rupee Drops 16 Paise Against US Dollar

The Hindu Businessline |September 14, 2017 The rupee dropped by 16 paise to 64.16 against the US dollar in early trade trade at the interbank forex exchange today on fresh buying of the American currency by importers.Traders said the dollar’s strength against some currencies overseas on expectations of an interest rate hike this year weighed [...]

2017-09-14T11:12:40+00:00 September 14th, 2017|Economy|

Rupee Slips Further By 11 Paise

The Hindu Businessline|Sept 12,2017 The rupee on Tuesday fell by another 11 paise to 64.04 a dollar, the second straight session loss on persistent demand for the American currency frombanks and importers. Foreign capital outflows also had an impact on the rupee trading against the dollar, a forex dealer said.The rupee resumed lower at 63.98 [...]

2017-09-13T10:18:15+00:00 September 12th, 2017|Economy|

SEBI To Shortly Approve Options Trading In Guar Seed

Money control| Sep 11, 2017 The Securities and Exchange Board of India is expected to approve options trading in guar seed, this week, sources told Moneycontrol. That would make it the second commodity, after gold, in which options contracts can be traded. Trading in guar seed options is expected to start in the last week [...]

2017-09-12T10:33:23+00:00 September 11th, 2017|Economy|