February 12, 2023 New Delhi, India Gold Price Steadies Amidst Market Uncertainty In the ever-fluctuating landscape of financial markets, gold has found itself in a period of consolidation. Factors such as uncertain monetary policy from the Federal Reserve and easing geopolitical tensions are keeping traders on their toes. Federal Reserve’s Influence on Gold The Federal…
January 25, 2023 New Delhi, India USDINR Analysis In the dynamic world of currency exchange, the USDINR pair is experiencing upward movement, influenced by a mix of global economic factors. Here’s a breakdown of key elements shaping the current scenario: US GDP Data Influence: Investors are closely eyeing the forthcoming flash US Gross Domestic Product…
January 17, 2023 New Delhi, India Indian Rupee (INR) Continues Upside Trend Amid Strong US Dollar The Indian Rupee (INR) is facing upward pressure against the US Dollar (USD) as the greenback extends its strength. Traders are closely monitoring key developments, including the Reserve Bank of India’s (RBI) perspective and upcoming economic indicators. RBI Governor…
January 16, 2023 New Delhi, India Sensex and Nifty Take a Pause In a breather from recent record highs, the Indian stock market saw a decline today, with the Sensex falling over 150 points and the Nifty closing below the 22,100 mark. Here’s a concise overview of the key market movements: Both Sensex and Nifty…
January 16, 2023 New Delhi, India WTI Prices In recent developments, the West Texas Intermediate (WTI) crude oil price has surged to $72.70 per barrel, driven by a confluence of geopolitical events affecting the energy landscape. Supply Disruptions in the Red Sea: The Red Sea is experiencing supply disruptions due to attacks by Yemen’s Houthi…
January 13, 2023 New Delhi, India US Dollar Faces Fluctuations Amidst Economic Indicators and Fed Signals The US Dollar (USD) encountered a rollercoaster week as market dynamics unfolded, influenced by economic indicators and Federal Reserve (Fed) signals. Let’s delve into the key factors shaping the USD’s movements. DXY Index and Initial Decline: The DXY Index,…
January 12, 2023 New Delhi, India Indian Stock Market In a remarkable day for the Indian stock market, the Sensex and Nifty indices soared to unprecedented heights on the back of robust performances by IT heavyweights Infosys and TCS. The global market landscape and positive corporate earnings also played pivotal roles in the market’s upward…
December 23, 2023 New Delhi, India India’s Forex Reserves Reach New Heights In a noteworthy economic development, India’s foreign exchange reserves have surged to a 20-month high, reaching $615.97 billion as of December 15. This marks the fifth consecutive week of growth, with a substantial increase of $9.1 billion reported in the latest week. Let’s…
December 12, 2023 New Delhi, India West Texas Intermediate (WTI) Surges The West Texas Intermediate (WTI) crude oil market is experiencing a surge, reaching $71.80 per barrel, driven by a mix of economic indicators and geopolitical tensions. Economic Indicators Boost Confidence Recent expectations of a rise in the monthly US Consumer Price Index (CPI) and…
December 11, 2023 New Delhi, India USDINR The last ptraded price of USDINR was 83.4000, up by 0.02%. The day’s range was ₹83.35 to ₹83.40. The rupee faced marginal losses as regional risk appetite weakened, coupled with a rise in crude oil prices. Finance Minister Nirmala Sitharaman highlighted India’s robust second-quarter growth, asserting its leading…
