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Rupee depreciates by 25 paise |
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Indian rupee depreciated by 25 paise in late morning trade Monday against the dollar mainly on increased dollar demand from oil refiners amid inadequate supplies and steady crude prices.
Earlier, in active trade at the forex market, the rupee resumed sharply lower at 43.29/31 a dollar from its last weekend's close of 43.01/02 a dollar and later was quoted at 43.26/27 a dollar in late morning deals.
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| Technical Calls |
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Refined Soy Oil gains globally |
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Refined soy oil futures are expected to trade lower on weak overseas market owing to bio-diesel subsidy is not passed in the US senate (for short term). |
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Mustard Seed may go up |
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Mustard Seed prices are expected to trade slightly higher on higher prices of other oilseeds and lower production estimates of mustard seeds. |
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Soybean gains on short covering |
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Soybean prices are expected to bounce back due to short coverings and firm international prices in the intraday but bearish fundamentals may cap the upside. |
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India's Multi Commodity Exchange (MCX) has taken off 12 members of the Bombay Bullion Association (BBA) from the square-off mode after a meeting with BBA executives. |
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India’s Multi Commodity Exchange (MCX) has put 12 members of the Bombay Bullion Association on the square-off mode, citing failure in fulfilling certain norms. |
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Mentha oil futures garnered moderate gains on the MCX counter Wednesday owing to persistent buying due to the firm spot market sentiments. |
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