SHOCKING: 4 - What They Never Told You

Cotton Extending Bounce to Thursday Morning

Cotton price action is trading with 69 to 106 point gains early on Thursday. Futures posted Wednesday gains of 5 to 109 points across most contracts at the close. Crude oil was $3.64 per barrel higher on the session, with the US dollar index holding steady on the day. Weekly...

Barchart · Sep 10

Rupee slumps 38 paise to close at 95.46 against US dollar

The Indian rupee slipped by 38 paise, settling at 95.46 against the US dollar on Thursday, influenced by Brent crude oil prices rising above USD 102 per barrel. Forex traders highlighted conflicting factors affecting the currency, such as portfolio outflows alongside costly crude prices. While the dollar index weakened, Brent…

The Economic Times · Sep 10

Rupee falls 25 paise to 95.33 against US dollar in early trade

Thursday's early market saw the Indian rupee slip against the US dollar amid heightened crude oil prices and a consistent demand for the dollar. With Brent crude priced over USD 100, concerns about India's import costs are mounting. Persistent high oil prices might add additional strain on the rupee. Meanwhile,…

The Economic Times · Sep 10

Hindustan Copper shares jump 4% as copper prices surge to all-time high. What’s driving the red metal’s red hot rally?

Hindustan Copper shares jumped over 4% as copper prices hit record highs amid supply concerns and a weaker US dollar. LME copper touched $14,533 per tonne, while MCX futures neared lifetime highs. Hindustan Copper, India’s only integrated copper producer with captive mines, has gained over 115% in the past year.

The Economic Times · Sep 8

Gold prices rise for 2nd day, silver up Rs 3,500/kg on soft dollar ahead of inflation data

Gold and silver traded higher internationally as the US dollar weakened, while MCX prices were mixed, with silver gaining and gold declining. Investors awaited US inflation data for clues about the Federal Reserve’s next policy move amid geopolitical tensions.

The Economic Times · Sep 8

US dollar reserve shift may be less widespread than headline figures suggest, NY Fed study finds

The dollar’s share of global reserves has fallen, but a New York Fed study says the decline is concentrated among a few countries. Reserve shifts largely reflect individual needs, challenging claims of broad global dollar diversification.

The Economic Times · Sep 7

Rupee rises 2 paise to close at 94.49 against US dollar

The Indian rupee has risen by two paise, closing at 94.49 against the US dollar, buoyed by positive foreign investments and an increased appetite for risk. However, the rising prices of crude oil and ongoing US-Iran tensions may hinder further appreciation. With this, the rupee has marked six sessions of…

The Economic Times · Sep 4

Rupee rises 14 paise to close at 94.59 against US dollar

Thursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against the US dollar. This positive shift was largely due to substantial inflows from foreign currency deposits, with a remarkable total of USD 127.23 billion raised through enhanced central bank…

The Economic Times · Sep 3

Gold prices rise 2,300/10 gram in 2 days; silver gains Rs 3,300/kg as yields, dollar soften. Key levels to watch

Gold and silver prices rose for a second straight session on MCX as the US dollar weakened and bond yields eased. Investors now await US nonfarm payrolls data for clues on the Federal Reserve’s policy path. Gold remains supported by softer yields and geopolitical tensions, while traders monitor key technical…

The Economic Times · Sep 3

Cotton Collapsing on Wednesday Morning

Cotton price action is down 250 to 350 early on Wednesday morning. Futures posted Turnaround Tuesday losses of 115 to 169 points at the Tuesday close. Crude oil was $4.92 per barrel higher on the day, with the US dollar index up $0.235. Weekly Crop Progress data showed 89% of...

Barchart · Sep 2