Markets

India Call:Ends below SDF rate; surplus liquidity dn on GST outflows

Informist, Monday, May 23, 2022By Richard Fargose MUMBAI – The inter-bank call money rate today closed below the Reserve Bank of India's standing deposit facility rate of 4.15%, as demand for funds from banks eased towards the end of the session, dealers said. The call rate for one-day loans ended at 4.00%, as against...

India Crude: Up on tight supply ahead of peak US driving season

Informist, Monday, May 23, 2022 By Sayantan Sarkar MUMBAI – Oil prices in India and abroad rose today because of tight supply ahead of the peak driving season in the US.  * Shanghai is preparing to reopen after a two-month-long lockdown, which also boosted the demand for crude today.  * "Oil prices edged higher, as...

India Bullion: Up tailing COMEX on weak dollar, strong haven demand

Informist, Monday, May 23, 2022 By Chinmay Mungse MUMBAI – GOLD contracts on the Multi Commodity Exchange of India and COMEX soared today as the US dollar fell significantly against a basket of major currencies, boosting demand for the precious metal. * The most active June gold contract on MCX touched a 10-day high of 51,147...

India Rupee Review: Reverses losses as dlr index falls near 1-mo low

Informist, Monday, May 23, 2022 By Pratiksha and Srijonee Bhattacharjee NEW DELHI – The rupee cut losses and rose against the dollar for the second consecutive trading session today due to broad-based weakness in the dollar index, dealers said.  After falling to a low of 77.7000 a dollar during the day, the rupee bounced back to...

Short-Term Debt: CP issuances surge; SIDBI raises 25 bln rupees

Informist, Monday, May 23, 2022 By Richard Fargose MUMBAI – Issuances of commercial papers surged today as issuers sought to meet fresh requirements for funds, dealers said. Some companies also tapped the short-term debt market to roll over papers set to mature in the coming days.So far today, CPs aggregating 38.50 bln rupees were...

India Edible Oil:Mustard tad up on firm demand; soybean largely unch

Informist, Monday, May 23, 2022 By Uddipta Banerjee NEW DELHI – Prices of mustard rose marginally in the benchmark market of Jaipur, Rajasthan, today due to firm demand from domestic stockists and millers even as arrivals were pegged higher, traders said. On the other hand, prices of soybean in Indore, Madhya Pradesh, were steady today. * In Jaipur, MUSTARD was sold...

India Rubber: Prices up in Kerala on demand from stockists

Informist, Monday, May 23, 2022 By Rahul Dhuri MUMBAI - Prices of natural rubber rose in the benchmark market of Kerala today due to improved demand from domestic stockists. Concerns about supply also supported prices, traders said.  * Supply concerns persist as rains have hindered rubber taping in Kerala, the largest producer of the...

India Stocks Review: Indices fall as steel cos slump on export duty

Informist, Monday, May 23, 2022 By Joe Milton MUMBAI – The unprecedented move by the government to curb commodity inflation by imposing export tariffs on steel led to an intense sell-off in the metal space which also weighed down the benchmark indices.  The government imposed 15% duty on steel exports which is likely to dampen the earnings...

India Base Metals: Most up on China demand revival hopes, dlr slips

Informist, Monday, May 23, 2022 By Sandeep Sinha MUMBAI – Futures contracts of most base metals rose on the Multi Commodity Exchange of India, taking cues from the London Metal Exchange. The rise was because of a retreat in the dollar index, which hit a 20-year high last week, and hopes of recovery in demand for...

India Grain: Spot wheat, maize prices steady across markets

Informist, Monday, May 23, 2022 By Tanya Rana NEW DELHI – Prices of wheat and maize were flat in key wholesale markets across the country today, market participants said. * Prices of mill-quality WHEAT in Indore, Madhya Pradesh, were largely steady today due to demand-supply parity, said local trader N.K. Agarwal. * In Indore, arrivals were pegged at 15,000...


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