News Overview

On 12 January 2022

On 17 January 2022

At 74.3025/3100 per Dollar

Indias foreign exchange reserves declined by USD 1.466 billion to USD 633.614 billion in the week ended December 31, RBI data showed. In the previous week ended December 24, the reserves dipped by USD 587 million to USD 635.08 billion. It touched a life-time high of USD 642.453 billion in the week ended September 3, 2021. During the reporting week ended December 31, the decline […]

UK construction sector grew at the slowest pace in three months in December largely due to the weakness in commercial and civil engineering segments, survey results from IHS Markit showed on Friday. The Chartered Institute of Procurement & Supply construction Purchasing Managers Index fell to 54.3 in December from 55.5 in November. Nonetheless, a reading above 50.0 indicates expansion. Powered by Commodity Insights

India’s Gross Domestic Product (GDP) is estimated to grow at 9.2% year on year (YoY) in FY22 as compared to a contraction of 7.3% during FY21.Real GDP or GDP at Constant Prices (2011-12) in the year 2021-22 is estimated at Rs 147.54 lakh crore, as against the Provisional Estimate of GDP for the year 2020-21 of Rs 135.13 lakh crore, released on 31st May 2021. […]

Hong Kong share market finished higher for second consecutive session on Friday, 07 January 2022, as investors continued hunting for heavily battered stocks, with Chinese tech stocks being notable gainers on valuation appeal. At closing bell, the benchmark Hang Seng Index added 1.82%, or 420.52 points, to 23,493.38. The Hang Seng China Enterprises Index rose 2.01%, or 162.35 points, to 8,231.28. Shares of tech companies […]

The Mainland China share market finished lower for fourth straight session on Friday, 07 January 2022, as weakness in technology stocks overshadowed the rebound in property shares. At close of trade, the benchmark Shanghai Composite Index declined 0.18%, or 6.54 points, to 3,579.54. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 1.15%, or 28.51 points, to 2,452.82. The blue-chip CSI300 index […]

COMEX Gold futures stayed in a tight range today as markets waited for the US nonfarm payrolls data. Gold tanked yesterday, falling more than 1% in volatile trades and testing two week low of $1785 per ounce. Some buying emerged around this mark amid weak US equities. COMEX Gold futures currently quote marginally up at $1790 per ounce. MCX Gold futures trade flat at Rs […]

The wholesale spot price for natural gas at the Henry Hub in Louisiana (the US benchmark for natural gas prices) averaged $3.89 per million British thermal units (MMBtu) in 2021, almost doubling from the 2020 average, the US EIA noted in a latest update. US natural gas prices briefly spiked in February during a winter storm that strained natural gas and electricity markets in Texas […]