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Base Metals Preview: COMEX copper jumps near record highs amid dollar pullback

Mumbai, Aug. 17 -- COMEX copper registered a sharp jump in early Asia on Monday morning in Asia tracking a pull back in dollar overseas. The dollar index fell to around 99.5 on Monday, declining for a... Read More


Precious Metals Preview: COMEX gold and silver gains momentum in early Asia

Mumbai, Aug. 17 -- COMEX gold and silver futures are seen gaining momentum in early Asia on Monday tracing mild weakness in dollar overseas amid reduced expectation if Federal rate hike as data shows ... Read More


India forex reserves jumps $14.14 billion to $707 billion

Mumbai, Aug. 17 -- India's forex reserves jumped USD 14.136 billion to USD 707.002 billion during the week ended August 7, the Reserve Bank said on Friday. For the week ended August 7, foreign curren... Read More


Energy Preview: US crude oil rig count stands at 455, Baker Hughes data shows

Mumbai, Aug. 17 -- The total number of active drilling rigs for oil and gas in the United States rose in the week to August 14, according to new data that Baker Hughes published on Friday, with the to... Read More


Economic Buzz: US business inventories stable in June

Mumbai, Aug. 17 -- Business inventories in the United States remained largely unchanged in June compared to May, according to a report by the Census Bureau published on Friday. The inventories were es... Read More


Economic Buzz: US consumer confidence cools in August

Mumbai, Aug. 17 -- The Consumer Sentiment Index in the United States contracted by 7.6% on a monthly basis to 51.0 points in August, according to the preliminary report published by the University of ... Read More


Aditya Infotechs board to mull fund raising on 19 August26

Mumbai, Aug. 17 -- The company said the proposed fund raising may include issuance of securities through one or more modes, including public issue(s) and qualified institutions placement (QIP), subjec... Read More


Economic Buzz: US retail sales down by 0.6% in July

Mumbai, Aug. 17 -- Retail and food services sales in the United States observed a monthly decline of 0.6% to reach $763.6 billion, the Census Bureau said in its preliminary report published on Friday.... Read More


Economic Buzz: US builder sentiment remains muted

Mumbai, Aug. 17 -- The US builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs. Builder confidence in the market for newly ... Read More


RBI to close FCNR(B) forex swap facility window on 31 August

Mumbai, Aug. 17 -- The Reserve Bank of India (RBI) will close the window for mobilising foreign currency non-resident (bank) or FCNR(B) deposits under its special USD-INR forex swap facility on 31 Aug... Read More