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Petrol and diesel prices were hiked for the fourth straight day on Saturday. Fuel rates in India now touch an all-time high across the country with a 35 paise a litre hike. Petrol and diesel in Delhi is now priced at Rs 107.24 per litre and Rs 95.97 per litre respectively today. In Mumbai, petrol

The markets have turned a bit mixed last week and have likely entered into a near term consolidative mode already. Dollar ended broadly lower even though traders continued to add their bet on a Fed rate hike next year. Indeed, the odds for a hike by June is now higher than not. Canadian Dollar was

The new tax will be levied on residential and non-residential property, but not to rural residences.  An earlier pilot scheme was implemented in 2011 in two cities at rates from 0.4% to 1.2% on higher-end housing and second homes, and has not as yet been applied in more cities. There are few details of the

Crude futures rose 1.5% Friday in New York, up for a ninth straight week. President Joe Biden said Thursday night that Americans should expect high gasoline prices to continue into next year because of supply being withheld by OPEC and other foreign oil producers. Stockpiles at the biggest U.S. storage hub are draining to levels

The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -9.81 mmb to 1228.91 mmb in the week ended October 15. Crude oil inventory slipped -0.43 mmb to 426.54 mmb, compared with consensus of a +1.86 mmb increase. Inventory slipped in 3 out of 5

Forex news for North American trading on October 22, 2021 Fed chair Powell speaking on a panel at a BIS conference, tilted his inflation fear little more in the direction of “inflation will last longer than expected” and “the Fed has the tools” to combat a higher inflation rate.    It just seemed that there was a

NEW DELHI: Gold inched higher and was poised for a second weekly gain on Friday. Softer dollar provided some respite against higher US bond yields. A weaker dollar and rising expectations that central banks could begin easing economic support strengthened the bullion. A steep rally in bond yields limited the upside. Gold futures on MCX

The forex markets are staying in consolidative mode today and could remain so before weekly close. Though, that would depend on whether US stocks would surge again with powerful buying. For the week, Dollar is currently the worst performing, followed by Canadian and Euro. Aussie is the strongest followed by Kiwi. Technically, the retreats in

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New Delhi: Gold in the national capital on Friday rose Rs 158 to Rs 46,678 per 10 grams in line with strong international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,520 per 10 grams. Silver also jumped Rs 180 to Rs 64,210 per kg,

The forex markets are staying in mostly consolidation in Asian session. Recovery in Dollar and Yen is so far rather weak, capped by resilient market sentiment. S&P 500 closed at new record high while DOW was not far behind. Major Asian indexes are also trading higher after China’s Evergrande averted default for now after remitting

As announced by Australian prime minister, Scott Morrison earlier The travel bubble will first open up to vaccinated students and business travelers before moving on to tourists soon after, with Morrison saying that Australia is in the “final stages” of concluding an agreement with Singapore on the matter. Adding that: We anticipate that being able

Gold inched higher and was poised for a second weekly gain on Friday, as a softer provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. FUNDAMENTALS * Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to

Markets are generally in consolidative mode today. Dollar turns weaker against Swiss Franc and Yen despite better than expected jobless claims data. But the greenback is just range bound against other major currencies. Commodity currencies are digesting near term gains but losses are so far very limited. Euro is trading sideway against Sterling but weakens

There’s a storm coming Freeport is down 2.5% today after earnings but the mining giant has some interesting comments on the earnings call with the CEO saying “there’s going to be a time when the world is going to be very short of copper supply.” In the past two weeks, the copper market has perked

New Delhi: Capital markets regulator Sebi on Thursday asked investment advisers to refrain from dealing in digital gold, which is an unregulated product. This came after Sebi noted that some registered investment advisers are engaged in unregulated activity by providing a platform for buying, selling or dealing in unregulated products including digital gold. “Undertaking such

While DOW hit new intraday record high overnight, positive sentiment was not carried forward to Asia. Instead, stocks tumbled as the troubled China’s property giant Evergrande failed to close the sale of the controlling stake in its property management business. The company could official go into default next Monday. Yen and Dollar are both recovering

Dollar little changed for the most part currently The aussie and loonie posted early gains in Asia Pacific trading only to see most of that trimmed with AUD/USD easing from 0.7545 to 0.7505 while USD/CAD moves up from 1.2290 to 1.2315 as the dollar is holding its own as well so far. The yen is