Commodities

Petrol prices hit new high, near Rs 87 in Mumbai; check revised rates in metros

Petrol prices soared to fresh record highs on Thursday across the four metros. In case of national capital Delhi, petrol price rose above Rs 79.50.

US dollar ticks down on stronger euro, pound

The US dollar fell as British pound and euro gained on possible breakthrough from Brexit talks.

Currency woes: Rupee at new low, yields trend higher

Rupee edges closer to the 72 mark vs the dollar, ends session at fresh closing low of 71.75.

Devaluation of rupee not attributable to domestic factors: Arun Jaitley

Finance Minister Arun Jaitley on Wednesday attributed the fall in rupee to global factors.

Petrol, diesel prices: Government need not respond to daily, weekly changes in oil rates, says Niti Aayog

Niti Aayog Vice Chairman Rajiv Kumar said Wednesday the government need not respond to daily or weekly changes in the oil prices as they declined in July after showing northward movement a month ago.

Petrol prices unchanged from record highs; check rates in Mumbai, Chennai, Delhi, Kolkata

After soaring to fresh record highs yesterday, petrol prices remained unchanged in metros on Wednesday. One litre of petrol is selling for Rs 79.31 in Delhi, up by 16 paise since Monday.

Concerned about revenue, government rules out excise cuts on petrol, diesel

Prices built up by ‘excessive taxes’, says Opposition; can’t afford fiscal slippage when CAD is taking a hit, feels government.

Export curbs: Tomato prices crash in Maharashtra

Wholesale prices have crashed to some Rs 2-3/kg at Pimpalgaon Baswant and Lasalgaon, key markets in Maharashtra.

Apparel exports woes persist, but worst appears to be over: Report

India’s apparel exports are expected to remain subdued in the near term, even as the worst appears to be over.

Traders continue to boycott auctions at Maharashtra APMCs

Traders in Maharashtra have been protesting against the state government’s decision to amend the existing APMC Act to make purchases below the MSP from farmers punishable with a one-year jail term a

No relief in petrol, diesel prices soon! Government rules out excise duty cut as fuel rates hit new high

The government will not cut excise duty on petrol and diesel to cushion spiralling prices, which touched fresh highs Tuesday, as it has limited fiscal space available to take any dent in revenue colle

India, China face mounting pressure from US; Trump says stop buying oil from Iran or face sanctions

The world’s top oil buyers are discovering that U.S. sanctions on Iran will squeeze their trade flows whether they agree with America or not.

Petrol prices soar to fresh record high in Delhi, Mumbai; check revised rates for metros here

Petrol prices soared to fresh record high in metros Delhi and Mumbai on Tuesday. In case of national capital Delhi, petrol price hit an all-time high, and were retailing at above Rs 79.

Maharashtra traders to resume ops at APMCs today, but will purchase agricultural produce at MSP only when they can afford it

Traders in Maharashtra have agreed to resume trading operations and participate in auctions at the Agriculture Produce Market Committees of the state with effect from Tuesday, September 4.

Pulses export more than doubles in April-July after government removes restrictions to increase shipments

The export of pulses was 1,24,465 tonne during April-July this year against Rs 58,575 tonne in the year-ago period, up by 112.5%, according to official data.

Truck rentals up 5% on rise in diesel price

The truck rentals on the main trunk routes recovered smartly and retail parcel freight charges were up 5% in last two weeks due to the Rs 1.30 a litre increase in diesel price coupled with soft survei

Flood strips Kerala kitchen stocks by one-third, farmers by Rs 1,356 crore

Day-to-day food needs of 4.5-crore people are in jeopardy, as the policymakers grapple with the gargantuan devastation of milch cows, chicken, ducks, and food grains.

RBI buys gold for first time in 9 years! Check how much

RBI held 566.23 tonne of gold as on June 30, 2018, compared with 557.77 tonne as on June 30, 2017, according to RBI's latest annual report for 2017-18.

Petrol prices hiked to fresh record high in Mumbai to Rs 86.56, check revised rates in Delhi, Kolkata, Chennai

Petrol prices were hiked to fresh record high levels on Monday in Mumbai.  Petrol is retailing at Rs 86.56 in Mumbai, implying a hike of 31 paise from yesterday’s levels.

Oil prices, trade tensions to exert pressure on rupee: Experts

Fears over the rise in global trade protectionist measures, coupled with high crude oil prices are expected to exert pressure on the Indian rupee.

CNG, PNG prices hiked in Delhi

CNG price was on Saturday hiked by 63 paise per kg and piped cooking gas rates by Rs 1.11 in the national capital following a record fall in the Indian rupee against the US dollar, Indraprastha Gas Lt

Petrol, diesel price hike: Modi’s minister lists these 2 reasons behind rise in fuel rates

Petrol, diesel price rise: On Friday, the Indian rupee declined to a historic low of 71 against the US dollar by falling 26 paise on persistent demand for the US currency amid rising crude prices.

Petrol prices hiked again, breach Rs 86 mark in Mumbai; check revised rates in major metros

Petrol prices were hiked across the four major metros on Saturday. In Delhi, petrol is selling at a price of Rs. 78.68 per litre, implying a hike of 16 paise.

Oil prices fall as US oil rig count rises

Oil prices retreated on Friday as US energy companies added oil rigs for the first time in three weeks.

Good monsoon: Sowing area under paddy crosses last year’s level

Sowing areas under paddy for the first time this season rose from last year's level as monsoon rainfall in August increased in many states lifting farming activities with 83% of the total areas in the

Maharashtra Moong farmers suffer double whammy as prices plunge

Moong (green gram) farmers in Maharashtra are hit by a double whammy at the start of the season. Kharif arrivals have begun in some parts of the state.

Argentina currency Peso on free fall; central bank raises interest rates to 60%, world’s highest

Argentina’s $50 billion loan agreement in June was the biggest in IMF history.

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