Tag Archives: US dollar

Petrochemical prices rise 30% in 6 months, raise packaging costs

NEW DELHI: Petrochemical prices have soared almost 30% in less than six months, raising the cost of a range of goods from ice creams to textiles and consumers goods, though it is good news for suppliers such as Reliance Industries … Continue reading

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Downturn will mark unprecedented shift for mining industry: Moody’s

NEW DELHI: The slowdown in the mining sector, particularly in China — the world’s biggest metal consumer — will lead to an “unprecedented shift in the industry, Moody’s Investor Service said today. The downturn and subdued prices have weakened the … Continue reading

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Falling Rupee: Consumer goods companies like Samsung, Panasonic, Akai, BlackBerry to bite price bullet aga

KOLKATA | MUMBAI: Prices of consumer products such as televisions, digital cameras and personal computers are set to increase once again next month, while carmakers and mobile phone makers are under pressure to follow suit due to the rupee‘s free … Continue reading

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TV prices of 32 inch and above may go up from next month

Television makers are mulling to increase prices of their products of 32 inch and above sizes from next month to offset the adverse impact of depreciating rupee against US dollar. While Haier is planning to increase the prices by up … Continue reading

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RBI’s dollar purchases hit three-year high in forwards

The Reserve Bank of India‘s US dollar purchases in the forward market hit a three year high in March as the central bank accumulated reserves to prevent the rupee’s sharp rise despite which the currency gained to multi-month high. The … Continue reading

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policy | India, UAE currency swap pact to reduce Delhi’s dependency on US dollars

The currency swap deal between India and the UAE will enhance and strengthen trade relations between the two countries and reduce India’s dependency on currencies like US dolllars. “These agreements and upcoming agreements in many areas will enhance and strengthen … Continue reading

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debt markets | US 5-year note sold at highest yield since Sept 2008

The U.S. Treasury Department on Wednesday sold $36 billion of five-year government notes at a yield of 2.864 percent, which was the highest yield at an auction of this maturity since September 2008, Treasury data showed. The ratio of bids … Continue reading

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gold rate today | Gold set for worst start to year in a decade as dollar ascends

Gold fell after the Federal Reserve left its benchmark interest rate unchanged and stuck with the current pace of bond-buying, aiding the dollar and putting bullion on course for the worst start to a year in a decade. The Fed … Continue reading

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gold rate today | Gold inches up on weaker dollar, stimulus hopes

Gold prices edged up on Wednesday as the dollar hovered around a one-week low and expectations of a massive stimulus package in the United States lifted bullion’s appeal. Spot gold rose 0.2 per cent to $1,839.99 per ounce by 0210 … Continue reading

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Gold | Crude oil and copper: Are the bulls back on street?

By Jayant Manglik The most exciting commodities to trade are crude oil and copper. During volatile times, their traded volume on the exchange is more than gold and silver. Being international commodities and because all contracts are denominated in rupees … Continue reading

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