It’s been a rather lacklustre Monday session fro Dalal Street after the indices scaled new highs the previous week. Trading was primarily rangebound as the indices took a breather awaiting policy decisions by key Global Central Banks. The Nifty closed well below last week’s highs at 20,133.30, down 0.29%. The Sensex too declined by more […]
Day: March 8, 2023
CAI estimates 311.18 lakh bales of cotton production for 2022-23 seasonCAI estimates 311.18 lakh bales of cotton production for 2022-23 season
The Crop Committee meeting of the Cotton Association of India (CAI) on August 12 estimated the cotton crop production for the 2022-23 season at 311.18 lakh bales of 170 kgs. each (equivalent to 326.55 lakh running bales of 162 kgs. each). With an estimated production of 92 lakh bales, Gujarat is to be the highest […]
Rupee erases yearly gains; rise in dollar demand from oil imports, bargain buying weighs on Indian currencyRupee erases yearly gains; rise in dollar demand from oil imports, bargain buying weighs on Indian currency
By Dilip Parmar The Indian rupee erases yearly gain in the week gone following the dollar demands from the oil importers and bargain buying. The fall in Asian currencies, risk-averse sentiments, absence of central bank’s intervention and gain in crude oil prices weighed on the local units. Spot USDINR gained 0.86% or 70 paise to […]