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The US Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to April 1. This compared with a draw of 3.4 million barrels for the previous week. In gasoline, the EIA estimated an inventory draw of 2 million barrels for the week to April 1, which compared with a build of 800,000 barrels for the previous week. Gasoline production, the […]

Record date for IDCW is 12 April 2022

COMEX Copper slipped heavily in last session as equities were hurt by aggressive stance from US policymakers about the need for tighter monetary policy, which also kept the dollar near a two-year peak. Asian equities also plunged with Japans Nikkei shedding around 2%. COMEX Copper futures lost more than 1% in last session and currently trades down 0.09% at $4.69 per pound. Powered by Commodity […]

Indias exports of agricultural products, including marine, for the year 2021-22 have crossed the $50 billion. This would be the highest level ever achieved for agriculture exports. The Commerce and Industry Ministry in a statement on Wednesday said as per the provisional figures released by Directorate General of Commercial Intelligence and Statistics, DGCIS, the agricultural exports have grown by 19.92% during 2021-22. The ministry said […]

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In B Group

WGC noted that Global gold ETFs had net inflows of 187.3t (US$11.8bn, 5.3% of AUM) in March, with assets just below the record of US$240.3bn, set in August 2020.1 March inflows were the strongest since February 2016, despite a significant rebound inequities and a strong US dollar performance. There were positive flows across all regions during the month, but most came from North American and […]

RattanIndia backed Revolt Motors is expanding its retail presence in Southern India with the opening of new store in Nellore, Andhra Pradesh. After Vizag & Vijaywada, this will be the 3 retail outlet in the State and the 22nd addition to the existing marketplace in southern part of India. The company has been robustly expanding across the nation and aims to open 40+ new stores […]

The Indian rupee is likely to extend weakness against the dollar in opening trades on Thursday, 07 April 2022 tracking strength in dollar overseas. Expectations of rate hikes by the U.S. Fed to rein in decades-high inflation are keeping the dollar index buoyant, a key headwind for the Indian rupee. Meanwhile, investors are awaiting the RBIs policy decision on Friday amid expectations that the central […]