SHOCKING: 4 - What They Never Told You

Cotton Pushing Pullback to Early Tuesday Trade

Cotton prices are down 41 to 60 points early on Tuesday. Futures posted losses on Monday, with contracts 23 to 174 lower at the close. Crude oil was up $1.84 per barrel on the session, with the US dollar index up $0.609. Weekly Crop Progress data showed 57% of the...

Barchart · Sep 15

Rupee slumps 38 paise to close at 95.92 against US dollar

The rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East conflict and soaring Brent crude oil prices weighed on the currency. Surging dollar demand from oil importers raised inflation and trade balance concerns. Domestic markets weakened, while global treasury yields and a…

The Economic Times · Sep 15

Cotton Faces Monday Weakness

Cotton futures posted losses on Monday, with contracts 23 to 174 lower at the close. Crude oil was up $1.84 per barrel on the session, with the US dollar index up $0.609. Weekly Crop Progress data showed 57% of the US cotton crop with bolls opening as of Sunday, with...

Barchart · Sep 14

Cotton Slipping Lower Ahead of USDA Reports

Cotton price action is down 57 to 119 points on Friday morning. Futures got spillover strength on Thursday from the outside markets, as contracts were up 40 to 101 points at the close. Crude oil rallied $7.88 per barrel higher on the session, with the US dollar index up 255...

Barchart · Sep 11

Rupee falls 27 paise to 95.79 against US dollar in early trade

The rupee faced a decline against the US dollar in early Friday trading, greatly influenced by soaring crude oil prices and persistent foreign portfolio withdrawals. Despite having substantial foreign exchange reserves and support from the RBI, the currency remains under pressure. Increasing global yields and expensive oil are further complicating…

The Economic Times · Sep 11

Cotton Rallies with Support from Outside Factors

Cotton futures got spillover strength on Thursday from the outside markets, as contracts were up 40 to 101 points at the close. Crude oil rallied $7.88 per barrel higher on the session, with the US dollar index up 255 points. Export Sales data is delayed to Friday due to the...

Barchart · Sep 10

BRICS chief backs de-dollarisation, says local currencies are the way forward

BRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digital transactions offer developing nations a greater voice. Businesses face multiple costs when conducting international trade through the US dollar. India aims to strengthen exports to BRICS economies while managing energy import…

The Economic Times · Sep 10

Cotton Posting Midday Gain on Thursday

Cotton futures are getting spillover strength on Thursday, as WTI crude tops $100, with cotton contracts up 66 to 95 points at midday. Crude oil is rallying $5.29 per barrel higher on the session, with the US dollar index up 190 points. Export Sales data is delayed to Friday due...

Barchart · Sep 10

FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev Mehta

Foreign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportunities. This heightened liquidity is expected to meet the anticipated consumer demand during the festive season. To avoid financial losses from idle deposits, banks must judiciously allocate these funds. Additionally, this surge in inflows…

The Economic Times · Sep 10

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