Markets

Short-Term Debt:Rates in narrow band on lack of cues; CP issuances dn

Monday, Aug 3, 2020 By Vishal Sangani MUMBAI – Rates on short-term debt securities such as commercial papers and certificates of deposit moved in a narrow range today, owing to lack of significant triggers, dealers said. Rates on three-month CPs of non-bank finance companies were quoted at 3.70-3.90% and those on papers of manufacturing...

India Rupee Review:Dn as dlr recovers, worry over US stimulus weighs

Monday, Aug 3, 2020 By Akansha Victor MUMBAI – The Indian rupee ended lower against the US dollar, with investors turning cautious as US policymakers struggled to come to a consensus on the stimulus package.  Further, the dollar index recovered today after facing the worst decline month in a decade, weighing on most emerging market...

India Rubber: Ends higher on ICEX on TOCOM cues, gains in spot mkts

Monday, Aug 3, 2020 By Rahul Dhuri MUMBAI – Rubber contracts on the Indian Commodity Exchange ended higher tracking benchmark contracts on Tokyo Commodity Exchange and due to a rise in prices of natural rubber in key markets of Kerala, traders said. * Futures contracts of rubber on TOCOM rose in early trade today on expectations of a...

Cogencis Poll: 10-year benchmark gilt yield seen at 5.78% Aug-end

Monday, Aug 3, 2020 By Vaibhav Chakraborty, Suyash Pande and Bhaskar Dutta NEW DELHI – This month, government bond yields are seen near their prevailing levels despite backbreaking bond supply because the Reserve Bank of India may step in with measures to lower the cost of borrowing for a pandemic-hit economy. According to a...

India Bullion: Up on rising COVID-19 cases, lockdown worries

Monday, Aug 3, 2020 By Roshni Devi MUMBAI – GOLD and SILVER prices in domestic and global markets rose today on worries about global economic growth amid fear of the reimposition of lockdowns due to a spike in coronavirus cases across the world. * "Fears about the economic fallout from rising COVID-19 cases boosted demand for the...

India Spices: Most up; jeera down on tepid demand, lack of spot cues

Monday, Aug 3, 2020 By Kavita Desai MUMBAI - Futures contracts of most spices on domestic exchanges ended higher today. However, jeera futures bucked the trend due to subdued demand. * JEERA futures closed lower due to weak outlook for demand and lack of cues from the benchmark Unjha market. The Unjha market in Gujarat is shut due to rising cases of COVID-19....

India Base Metals: A tad up on China data; virus fear caps gains

Monday, Aug 3, 2020 By S. Anirudh Iyer NEW DELHI – Futures contracts of base metals were marginally higher on Multi Commodity Exchange of India as positive data from China lifted sentiment for riskier assets such as base metals, analysts said.  * However, a rise in COVID-19 cases across the globe capped the rise.  *...

India Crude: Up on weak rupee; falls on NYMEX due to fear of a glut

Monday, Aug 3, 2020 By Sayantan Sarkar MUMBAI – Crude oil prices were slightly up today in the domestic market because the rupee was weak against the US dollar, and a weak rupee makes dollar-denominated commodities more expensive for investors. * In international markets, prices fell due to fears of a glut as the Organization...

India Edible Oil: Soybean edges up on NCDEX noting movement on CBOT

Monday, Aug 3, 2020 By Kaushal Verma NEW DELHI – All the components of the edible oil basket were up on the domestic exchanges today. * SOYBEAN futures settled higher on the National Commodity and Derivatives Exchange tracking strength in contracts on the Chicago Board of Trade, traders said. * The rise on NCDEX was limited...

India Corporate Bonds: Yields steady before RBI MPC meet outcome Thu

Monday, Aug 3, 2020 By Bhakti Tambe MUMBAI – Yields on corporate bonds in the secondary market ended largely steady as market participants refrained from placing large bets ahead of the Reserve Bank of India's Monetary Policy Committee meeting that begins Tuesday, dealers said.  The MPC will outline its policy review on Aug 6, wherein...


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