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10th Nov – 16th Nov – Hallmark mandate for gold jewelry soon, India’s sugar output may fall due to drought conditions & crude oil supported by OPEC talk

Hallmark mandate for gold jewelry soon

Hallmark mandate for gold jewelry soon, India’s sugar output may fall due to drought conditions & crude oil supported by OPEC talk. As per the Foods and Consumer Affairs ministry, the government is planning to make it mandatory to use hallmark for any gold jewelry to be sold in India. ...

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03rd Nov – 09th Nov – US Fed expected to hike interest rate in December, US allows 8 countries including India to import Iranian oil & domestic transport fuel prices drop

US Fed expected to hike interest rate in December

US Fed expected to hike interest rate in December, US allows 8 countries including India to import Iranian oil & domestic transport fuel prices drop...

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27th Oct – 02nd Nov – Oil supply to remain comfortable despite US sanctions, Aluminium drops to 15 months low & drop in domestic fuel prices

Oil supply to remain comfortable despite US sanctions, Aluminium drops to 15 months low

Comfortable oil supply even after US sanctions on Iran, says President Trump
President Donald Trump mentioned in a memorandum that there was enough supply of petroleum and petroleum products for countries to "significantly" reduce the buying of crude oil from Iran. Iran will face US sanctions from November 5, 2018...

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20th Oct – 26th Oct – New SEBI norms, world steel production up by 4.4% & rupee recovers on crude decline

 New SEBI norms, world steel production up by 4.4%

SEBI issues guidelines to charge Rs. 1 lakh per exchange on agricultural-commodity derivatives. SEBI changes charges based on turnover slab rates; this move is widely expected to support farmers who want to hedge or deliver their products on the exchanges. Also, the cost of trading will be reduced....

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13th Oct – 19th Oct – Gold & silver prices surge, India to build strategic oil reserves & Iran ships 20 Million barrels of oil to China

Gold & silver prices surge, India to build strategic oil reserves

The Federal Reserve is thinking at removing the Indian currency from its monitoring list as the rupee has depreciated significantly against the US dollar. The Indian Current Account Deficit (CAD) worsened after the rupee decline due to India’s continuing dependence on crude oil imports, which are trading at the highest level this year in comparison to the last two years ...

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06th Oct – 12th Oct – Oil supply to remain robust in 2019, some relief in crude prices & Indian gold imports drop in September

Oil supply to remain robust in 2019, some relief in crude prices

Oil supply to remain robust in 2019, some relief in crude prices & Indian gold imports drop in September. The oil market is expected to be well supplied in the year 2019. Oil demand is projected to decline over trade tensions between US and China, which is having a cascading effect on other economies as well....

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29th Sept – 05th Oct – Crude oil continues its upward march, gold prices edge higher, rupee falls to all-time lows & newly-constituted IL & FS board

Crude oil continues its upward march

Crude oil continues its upward march, gold prices edge higher, rupee falls to all-time lows & newly-constituted IL & FS board. The Indian rupee hit fresh lows on rising crude oil prices, which are trading at four year highs. The Fed raised its interest rates and the looming sanctions on Iran (from 4th Nov) are the key reasons behind the rupee decline and rising crude prices which is making Indian imports expensive....

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22nd Sept – 28th Sept –Crude oil prices continue to remain high, IL & FS crisis spooks market sentiments & LIC’s assurance to keep IL & FS afloat

Crude oil prices continue to remain high, IL & FS crisis spooks market

Copper and Zinc sharply recovered from the weekly lows as trade war fears softened. US tariffs on the list of products started from September 24 but the rate will increase to 25 per cent only by the end of 2018. US President Donald Trump announced an imposition of 10 per cent tariffs on about $200 billion worth of Chinese imports.
US sanctions on Iran could lead to a loss of 1.5 million bpd ; US planned to put sanctions on Iran oil exports from Nov ...

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15th Sept – 21st Sept – BSE & NSE's foray in Commodity Derivatives, Government seen curbing non-essential imports & India to pay in Rupees for Iranian oil from November

BSE & NSE's foray in Commodity Derivatives

As per the report from US Treasury Department, RBI sold the US treasury bonds worth $14.4 billion between April and July this year.RBI bought 0.41 million troy ounce of gold (roughly 12.75 tonnes), as per data reported to IMF. It appears that RBI is swapping its stock of US T-Bills with gold...

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08th Sept – 14th Sept – Rupee weakness continues depressing stock market sentiments, dollar strengthens and domestic fuel prices hit fresh highs

Rupee weakness continues depressing stock market

As reported by Gems and Jewellery Export Promotion Council (GJEPC), overall gold jewellery exports have more than doubled to $4.28 billion for the four-month period ending July this year from $2.095 billion the same period last year, though overall net G&J exports remained flat at $10.638 billion between April – July 2018, compared to $11.126 billion for the corresponding period last year...

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01st Sept – 07th Sept – Crude oil on the boil, Indian Aluminium exports sour & looming US sanctions on Iran

Crude oil on the boil, Indian Aluminium exports sour & looming US sanctions on Iran

As time nears to US sanctions on Iran, Hedge funds’ net-long position — the difference between bets on higher prices and wagers on a drop — in Brent rose to 389,066 contracts, ICE Futures Europe data show for the week ended August 28. That’s the highest level in seven weeks. ...

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25th Aug – 31st Aug – Turkish Lira remains weak, Crude oil trades higher & Upcoming India-US talks

 Turkish Lira remains weak, Crude oil trades higher & Upcoming India-US talks

SEBI may allow Mutual Fund and PMS into commodities sector through commodities exchanges. MCX and custodian banks have submitted a report to SEBI on how issues pertaining to MF participation can be facilitated and expedited....

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18th Aug – 24th Aug – Rupee weakness persists, shift in Indian oil imports and other trending commodity news

Rupee weakness persists

Cotton crop is hit by heavy rains in 11 districts in Telangana out of 31 districts. These districts cover 1.30 Lakh acres of cotton crop while 50,000 acres of paddy were also affected. The most affected districts are Adilabad and Warangal Districts....

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11th Aug – 17th Aug – Turkish financial crisis deepens sparking fears of a global contagion & Rupee breaches 70 levels

Turkish financial crisis deepens sparking fears of a global contagion & Rupee breaches 70 levels

The Domestic Crude Oil import bill is likely to jump by about USD 26 billion in 2018-19. The Indian rupee dropping to a record low has made buying of oil from overseas costlier. India imports over 75%-80% of its oil needs; India imported 220.43 million tonnes of oil in the year 2017-18, while oil imports are going to increase to 227 million tonnes during 2018-2019....

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04th Aug – 10th Aug – Rise in fuel prices due to Iran, US tension and SEBI may allow futures trading of Fuel

Rise in fuel prices due to Iran, US tension and SEBI may allow futures trading of Fuel

The government has formed an ad-hoc committee of a dozen industry stakeholders who will frame the structure for a domestic council for gold and jewellery. Majority stakeholders will be a part of it including — karigars and goldsmiths — to the largest ones, jeweller and bullion dealer. The main aim of this is to promote exports of handmade and customised jewellery, thereby generating more jobs....

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28th July – 03rd Aug – RBI taking measures for strengthening the economy and other global news

RBI taking measures for strengthening the economy and other global news

Gold demand in India declined by around seven percent the reasons are an extra month ‘adhik maas’ in the traditional calendar, considered an inauspicious period, coupled with a range-bound price due to rupee depreciation. Demand from the jewelry sector slumped by eight percent to 147.9 tonnes, from 161 tonnes in the comparable period last year....

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21st July – 27th July - Currency and Oil top triggers of Global Trade

Currency and Oil top triggers of Global Trade

The rupee is a relative outperformer among emerging-market peers in the past one month, signalling that the worst might be over for the local unit that has fallen less than the currencies of competing major economies against the dollar.
,/br>Lower crude oil prices and the weakening dollar index have helped turn the sentiment in favour of the rupee, which is otherwise the worst performing Asian currency this year. The rupee has fallen 7.2% in 2018....

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14th July – 20th July – Rupee sliding to new record lows, recovery in domestic gold prices & other trending news

Rupee sliding to new record lows, recovery in domestic gold

Political volatility at home, selloff in Emerging Markets’ currencies push the rupee to a new low, as an EM currency selloff and an impending vote of confidence on Prime Minister Narendra Modi’s government weighed on investor sentiment. The Indian Parliament will debate a no-confidence motion on Friday....

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07th July – 13th July - Escalating trade war, oil supplies & impending Iran sanctions keep commodities markets volatile

Escalating trade war, oil supplies

U.S. crude oil exports to India hit a record in June, and so far this year’s oil exports are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration....

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30th June – 06th July – A sliding Rupee, an impending Trade War and other Commodity news

A sliding Rupee, an impending Trade War and other Commodity news

Saudi Arabia cuts pricing for most of its oil grades as the world's biggest crude exporter is increasing production to assure buyers that there is sufficient supply following U.S. President Donald Trump's demands that OPEC does more to stabilize oil markets....

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23rd June – 29th June - Rupee breaching historic lows & its impact

Rupee breaching historic lows & its impact

India believes the current slide in the rupee will not be prolonged as it has adequate "firepower" of foreign exchange reserves to deal with the current volatility,...

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16th June – 22nd June - OPEC meeting for 22nd June & Trade War between US & China dictate market sentiments

OPEC meeting for 22nd June & Trade War between US & China dictate market sentiments

The OPEC meets on Friday to decide on the output policy amid calls from top consumers such as the United States, China and India to cool down oil prices and support the world economy by producing more crude. OPEC edged closer on Thursday toward raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if output remained stable. ...

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09th June – 15th June - Crucial OPEC meet, tightening of interest rates by RBI & launch of commodity exchange by NSE in October dominate the headlines

Crucial OPEC meet,interest rates by RBI

Saudi Arabia’s Oil Minister has said that they would come to an agreement which satisfies most importantly the market, when asked about the outcome of the meeting between the Organization of Petroleum Exporting Countries (OPEC), which is scheduled to be held in Vienna next week....

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03rd June – 8th June- RBI policy, Asian currencies, Venezuela are creating triggers

RBI Policy, Asian Currencies, and Venezuela

India’s 10-year benchmark bond yield closed near 8% (which is its highest in the last three years) on Thursday post the Reserve Bank of India’s (RBI) decision to increase the policy rate by 25 basis points....

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26Th May – 01St June – Gold,Petrol dominate Global news,Fuel Futures Trading could be a reality

Gold,Petrol Global news,Fuel Futures Trading

The RBI’s Monetary Policy Committee (MPC), which meets next week, economists are predicting a further pick-up in activity during the current financial year on the back of higher consumption demand, a stable GST and a surge in investment towards end of the year....

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19th May - 25th May - Global Tensions & fluctuations in Commodity Prices

Global Tensions & fluctuations in Commodity Prices

According to a media report, MCX is in merger talks with the National Stock Exchange ahead of the implementation of the universal exchange framework in October. Shares of Multi Commodity Exchange surged on report of merger with NSE...

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12th May - 18th May- Oil Price Rally Continues...

Oil Price Rally Continues

Indian Oil minister Dharmendra Pradhan said that Thursday it had received assurances from the worlds top oil exporter Saudi Arabia it would ensure adequate supplies to keep a lid on soaring oil prices. Brent oil prices rose back to $80 per barrel for the first time since 2014 due to rising concerns over disruptions to Iranian oil exports because of new U.S. sanctions....

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05th May -11th May – Oil and Gold heading to levels beyond Reach

Oil and Gold heading to levels beyond Reach

The cost of petrol and diesel for state oil companies has gone up by about Rs 2 per litre in the past two weeks as global prices have surged and the rupee is weaker, but retail rates were frozen ahead of the Karnataka polls. Prices of petrol and diesel have been deregulated for years but it’s widely believed that companies, nudged by the government, stop raising prices, or sometimes take more than necessary cuts, ahead of elections and recoup their losses afterwards....

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28th April – 4th May - Oil Prices creating Havoc for world Economies

Oil Prices creating Havoc for world Economies

Oil prices steadied on Friday, consolidating after recent gains, as global supplies remained tight and the market awaited news from Washington on possible new US sanctions against Iran. Brent crude oil was down 30 cents at $73.32 a barrel by 0900 GMT. The benchmark contract hit a 3-1/2 year closing high of $75.17 on Monday. ...

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23rd April – 27th April – Commodities markets and Geo political Scene

Commodities markets and Geo political Scene

Silver prices dropped by Rs 152 to Rs 39,191 per kg in futures trade today as participants cut bets following weak leads from overseas markets. Profit-booking at prevailing levels by speculators also weighed on silver prices. At the Multi Commodity Exchange, silver for delivery in May was trading lower by Rs 152, or 0.39 per cent, to Rs 39,191 per kg, in a business turnover of 255 lots. ...

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