Author: MCX India

Indian Rupee: Weakens Amid Rising Crude Prices

The Indian rupee commenced weaker against the dollar in early trades on Wednesday, 17 July 2019 amid rising crude oil prices and foreign fund outflows. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 444.99 crore Tuesday, as per provisional data. Meanwhile weakening of the greenback vis-a-vis other currencies overseas […]

Likely fall in gold imports a positive for trade deficit

Kolkata: India’s gold imports may decline up to 10 per cent year on year in 2019, bringing some relief to the government on current account deficit (CAD), said experts. India’s CAD widened to $ 57.2 billion, or 2.1 per cent of GDP, in 2018-19 from 1.8 per cent a year ago. The government increased import […]

Global slump crimps cotton yarn exports

Chandigarh: Cotton yarn exports from India have come down by 22 per cent in the first quarter as a global slump in demand and higher prevailing domestic cotton prices loom over the trade. Cotton spinning mills in India are resorting to partial shutdown as a squeeze in demand from China and Bangladesh has accumulated yarn […]

Gold steady as investors eye US retail sales data

Gold prices held steady on Tuesday as investors awaited US retail sales data that could serve as an indicator of the strength of the world’s largest economy amid lingering concerns over global economic slowdown. Spot gold was up 0.1 per cent at $ 1,415.19 per ounce, as of 0521 GMT. US gold futures were up […]

High demand, low stock stoke grain prices

New Delhi: Lower stock of maize, bajra and broken rice and higher demand of wheat and soya bean have increased the prices of these commodities in recent weeks. Maize is up almost 25 per cent in a month while broken rice and wheat have gained 8 per cent in the past two months in the […]

How gold, oil, base metals and agri-commodities may fare today

NEW DELHI: Bullion counter may trade sideways in futures trade on Tuesday, tracking global cues, said brokerage SMC Global Securities. Gold prices held steady in global markets as investors awaited US retail sales data that could serve as an indicator of the strength of the world’s largest economy amid lingering concerns over the global economic […]

Crude oil futures fall 0.22% on weak global cues

New Delhi: Crude oil futures fell 0.22 per cent to Rs 4,077 per barrel Tuesday in line with a weak trend in overseas market. Crude oil contracts for July delivery traded lower by Rs 9, or 0.22 per cent, to Rs 4,077 per barrel with a business volume of 19,569 lots on the Multi Commodity […]