Markets

Short-Term Debt: NHB top issuer for 2nd day with 30-bln-rupee CPs

Friday, Sep 13 By Vishal Sangani MUMBAI - National Housing Bank remained the largest issuer of commercial papers for the second straight day today with its 30-bln-rupee fund-raising exercise. With this, total issuance of CPs rose to 81.50 bln rupees as against 29.15 bln rupees despite the number of issuers remaining steady. Other than NHB,...

India Spices:Most fall; cardamom locked in 4% upper cap on crop woes

Friday, Sep 13 By Preeti Bhagat NEW DELHI – Futures contracts of all spices except cardamom ended down on domestic exchanges today, mainly because of lack of demand. Coriander futures on the National Commodity & Derivative Exchange ended lower as supply in markets may rise in the coming days as the exchange has...

India IRS Review: Steady despite benign CPI as rate cuts priced in

Friday, Sep 13 By Pratigya Vajpayee NEW DELHI – Overnight indexed swap rates ended steady today despite a lower-than-expected headline inflation print for August as a sizeable reduction in interest rates has already been priced into the swap curve, dealers said. Data released after market hours Thursday showed India's headline inflation rate, as...

India Bullion:Up tracking COMEX as ECB cuts rate, restarts bond buys

Friday, Sep 13 By Roshni Devi MUMBAI – Bullion contracts on the Multi Commodity Exchange of India and COMEX were trading higher today after the European Central Bank cut its deposit rate and announced the resumption of its bond purchase programme, analysts said. The rupee's appreciation against the dollar limited the rise in local prices of...

India Crude: Up tailing NYMEX on easing US, China trade tensions

Friday, Sep 13 By Sayantan Sarkar MUMBAI – Crude oil contracts on Multi Commodity Exchange of India traded higher today, tracking New York Mercantile Exchange contracts, which rose on optimism over trade talks between the US and China, said analysts. The US and China have been making conciliatory gestures towards each other since Wednesday. Beijing...

India Grain: Down; spot wheat prices fall on weak demand

Friday, Sep 13 By Sampad Nandy NEW DELHI – Prices of mill-quality wheat fell in the spot market today as demand from bulk buyers declined and arrivals were firm, traders said.  Arrivals were firm as traders sold stocks expecting prices to decline further, Kota-based trader Aniket Mehta said.  Also, bulk buyers stayed away from the...

India Base Metals: Most up as dlr weak; nickel dn as LME stocks rise

Friday, Sep 13 By Rituparna Ghosh NEW DELHI – Futures contract of most base metals on Multi Commodity Exchange of India and London Metal Exchange were higher today as the US dollar weakened against the euro and investor appetite re-emerged on hopes of pick up in demand following the rate cut by European Central...

India Rubber: Hits 6-month low on sluggish demand from tyre makers

Friday, Sep 13 By Rahul Dhuri MUMBAI – The most active October contract of rubber on the Indian Commodity Exchange today hit a six-month low of 12,965 rupees per 100 kg, owing to sluggish demand from tyre makers amid expectations of a further rise in imports of the commodity, traders said. The contract ended at 13,005...

India Corporate Bonds: Yields down; Air India Assets' Mon issue eyed

Friday, Sep 13 By Sanjana Raina MUMBAI – Yields on corporate bonds fell 5-10 basis points today because banks, fund houses, and few insurance companies bought papers seeing a fall in yields in the government securities market, dealers said.  Fund houses and banks bought bonds with maturities up to 2025. They bought AAA-rated bonds issued by...

India Rupee Review: Up on better global sentiment, upbeat local data

Friday, Sep 13 By Srijonee Bhattacharjee and Akansha Victor MUMBAI – The rupee ended higher against the US dollar for the seventh consecutive session because of an improvement in global risk appetite, upbeat domestic industrial data, and as banks unwound some long bets placed on the US dollar, dealers said.   The rupee ended at 70.9150...


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